The microcredit revolution has been celebrated for helping poor women in developing countries start small businesses. By borrowing money for purchases such as a buffalo or sewing machine, the women were able to help lift their families out of poverty. But critics say the microcredit model has been perverted by commercial greed in India, with reports of abusive collection methods and sky-high interest rates. "What began as a simple, innovative model...
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All You Need To Know...by Arpita Basu and Neha Bhatt
The youth will not take no for an answer. Five years on, the RTI comes of age. At four feet something, Santosh’s energy belies her petite frame. The school dropout was introduced to RTI through activist Arvind Kejriwal, and now, at Parivartan’s Sundar Nagri office, she holds fort, helping others acquire everything from BPL and ration cards to school admissions through RTI. Threats and attacks by local authorities who dubbed her...
More »The mass job guarantee by Aruna Roy & Nachiket Udupa
The sea change that India’s national scheme for rural employment guarantee has accomplished is hard to fathom, its vastness touching the lives or more than 100 million people. The National Rural Employment Guarantee Act of 2005 (NREGA, subsequently renamed after Mahatma Gandhi, or MGNREGA) was a landmark in Indian legislation. Under the act, as of April 2008, for the first time in India’s history, all rural citizens have a legal right...
More »A dam serious problem by Neeraj Vagholikar
The downstream impact of dams in the Brahmaputra river basin has been a major issue of concern in recent years in Assam and Arunachal Pradesh (AP), even as plans unfold to develop at least 135 large hydropower projects to produce approximately 57,000 MW of electricity in AP alone. The past three months have seen major developments on the issue. Both an Expert Committee of Academics and a House Committee of...
More »Keynes-Hayek dilemma by KP Prabhakaran Nair
With more than 400 million Indians going to bed hungry each day, food security has become a crucial issue. On June 4 last year, the president made an announcement: “My government proposes to enact a new law — the National Food Security Act — that will provide statutory basis for a framework which assures food security for all. Every family below the poverty line in rural as well as urban...
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