Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
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Holding government to account by Wajahat Habibullah
As the Right to Information Act (RTI) celebrated the sixth year of its coming, there has been much heated discussion, often emotional, of the benefits that it has brought and also the challenges with which it has confronted government. This debate came to a head with the prime minister’s inaugural address to the Annual Convention of the Central Information Commission on October 14. It is accepted in all circles that the...
More »Six years of RTI: Time for the government now to bravely abide by the Act, not tame it by Vinita Deshmukh
Six years of RTI’s existence has empowered the Indian citizen as a proactive partner in governance like never before since Independence. But the government has not been able to digest it, ever since its implementation. Instead of trying to dilute or scuttle the Act, it’s time the government abides by Section (4) norms of ‘suo motu’ disclosure Apart from Prime Minister Manmohan Singh, whose innocence and ‘clean image’ stands exposed thanks...
More »UN study shows murder rates highest in parts of Americas and Africa
-The United Nations Young men in Central and South America and Southern and Central Africa are most at risk of being killed in cases of homicide, while women face an increased likelihood of being murdered in domestic violence, the United Nations Office on Drugs and Crime (UNODC) said in a report unveiled today. Evidence points to rising homicide rates in Central America and the Caribbean, which are “near crisis point,” according to...
More »Minimum wages likely for MGNREGA workers by K Balchand
The Centre is likely to pay minimum wages to workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in compliance with the recent Karnataka High Court ruling upholding the supremacy of the Minimum Wages Act (MWA) over the MGNREGA. Union Minister of Rural Development Jairam Ramesh has taken a decision favouring payment of minimum wages for agricultural workers as notified by the States as MGNREGA wages. He told The...
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