-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides   First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...

-PTI Anna Hazare and his team on Thursday met the Election Commission in a bid to raise the pitch for electoral reforms and demanded that the 'right to reject' option be included in electronic voting machines. Hazare, along with his close associates Santosh Hegde, Prashant Bhushan, Arvind Kejriwal and Kiran Bedi, discussed the matter for about an hour with Chief Election Commissioner S Y Qureshi. According to Team Anna, the meeting was "very...

India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...

Five suspected bank robbers die at the hands of police Five men suspected to be involved in two recent bank robberies in the city were gunned down by the police at a Velachery apartment in the small hours of Thursday. But rather than bringing the curtains down on the daring heists that shook the city, the “encounter” itself looks set to move centre-stage, with the police claim of firing in self-defence...

Signalling its commitment to roll out the Food Security Bill in the next fiscal, finance minister Pranab Mukherjee is likely to announce a token allocation of Rs. 5,000 crore in the forthcoming budget. The funds would primarily be directed at creating and strengthening the institutional arrangement to deliver the massive allotment promised under the scheme. The food security bill is of extreme political importance to the United Progressive Alliance (UPA)...