The accumulated interest collected by microfinance institutions (MFIs) on loans shall not exceed the principal amount, according to the much-awaited ordinance promulgated by Governor E.S.L. Narasimhan here on Friday to put a check on their activities. However, the interest rate chargeable by the MFIs finds no mention in the ordinance as the government is of the view that this falls under the purview of the Reserve Bank of India (RBI), according...

Taking a serious note on the suicides due to the purported harassment or embarrassment caused by the collection agents of Micro Finance Institutions (MFIs), Minister for Rural Development, IKP, Pensions, NREGP and Self-Help Groups, Vatti Vasanth Kumar stated that the government was contemplating making an Act to streamline the operations of MFIs in AP. Talking to media persons in the New Delhi, the minister said that the government would frame rules and...

We need spectacle in the capital, not mundane things like schools and hospitals in villages In the final years of the Roman Republic, the Senate kept the masses happy by distributing cheap food and staging big spectacles known as the circus games to get votes. In his satires, the Roman poet Juvenal observed witheringly that governance had been reduced to panem et circenses (bread and circus/games). He was referring to the...

Curriculum and classroom teaching in Delhi University at the post-graduate level does not reflect adequate gender sensitivity, a gender audit conducted by the University's Women's Study and Development Centre has revealed. As per the post-graduate level gender audit report, though most of the Humanities and Social Sciences disciplines do have gender components in their syllabi, it is inadequate and teacher participation in workshops and seminars on gender issues is “rather low.” The...

KEY TRENDS   • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...