Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microfinance, the business of providing the poor with loans, as small as R5,000, secured not with...

A lot has been said and written about the visit of Barack Obama, the President of USA to India. The corporate media was in the usual over-enthusiastic drive to bring to its readers and viewers all minute details about his visit from where he stayed and what he ate to how many warships, planes and cars accompanied him and how a whopping $200 million was spent per day for the...

The mass migration of farmers moving to urban India is becoming a worrisome trend, said planners at a seminar in the Indian Capital. “Many peasants want to leave agriculture, sell land and migrate to cities,” Arvind Mayaram, Additional Secretary and financial advisor to the Ministry of Rural Development told the India Economic Summit of the World Economic Forum on Monday. Seventy per cent of India’s 1.1 billion people currently live in villages,...

Now, India is saying what the government already knew. Two-thirds of India (66%) feel government programmes like the Mahatma Gandhi National Rural Employment Guarantee Act, Bharat Nirman and Rural Health Mission are the best way to ensure that the benefits of India’s steroid-charged growth rates reach those who have been left out of the "India Shining" story. A Hindustan Times-CNN IBN survey conducted by research organisation C fore of 1,621 adults...

Food Corporation of India (FCI) today asserted that loss of foodgrain stored at its godowns is minimal and said the government would add 16 million tonnes of capacity within the next two years. "It's not true to say that storage loss is as high as 30 per cent...Storage loss is less than 0.4 per cent for rice and none for wheat," FCI CMD Siraj Hussain said at a conference. "Bulk wheat-producing states...