Microfinance is an effective tool for financial inclusion. Here are some elements of the recently embattled sector The recent controversy surrounding the microfinance sector has entirely eclipsed the fact that it is the first effort in India to have delivered financial services to remote corners of the country in a self-sustaining manner. The stakes are high for India’s poor, and we have to pave the way for orderly growth in the...

The case of the Food Security Bill gets curiouser and curiouser.  What started off as a fight between universalization and targeting has ended (or so it would seem) in a complete victory in the National Advisory Council, Government of India (NAC) for targeting through universalization (if such a thing was possible), with the honourable exception of Prof Jean Dreze, who has to be commended for his ‘note of disagreement’. On...

A patent is an artificial property right; it is created by the government, and would not exist if there were no government or if it did not grant patents. It is then for the government to decide whether to grant a patent or not. But a government would not normally make the decision arbitrarily; it would follow some rules. The rules universally followed are novelty, non-obviousness and commercial value. A...

Ration at your doorstep project has proved a hit in Pune district, with nearly 44 villages benefiting from this system. State Food and Civil Supply Minister Anil Deshmukh had launched the scheme under a novel initiative of revamping Public Distribution System (PDS) in the state. The government had earlier received flak for the poor flow of PDS. The minister had announced the method to curb black marketing and plug loopholes...

Bringing much relief to the general public of Tuensang district, after many years of undelivered PDS ration, the village council of Chang villages was able to deposit money for respective PDS items on October 6 and 7. “Hopefully from this month onwards the villages will be receiving regular ration directly from the department godown and this happened due to cooperation from the State Government and the District Supply department in the...