-The Indian Express   Great expectations are pinned to the upcoming monsoon session of Parliament, given the sheer volume of unfinished legislative business, and the amazing free fall of the past few months. The opposition’s passive-aggressive behaviour and the government’s reflexive obduracy over a JPC were the reason the winter session had to be written off, and that certainly contributed to the clear authority vacuum of recent months, even as agitations...

Anna Hazare's campaign against corruption has a curious side-effect. It has turned the spotlight on India's lack of pre-legislative transparency. We may accept or dismiss team Anna's Jan Lokpal draft but his movement — and the subsequent build-up of hope and betrayal — has unwittingly exposed the systemic opaqueness in which our laws are conceived, written, debated and passed. The Lokpal Bill 2011 is one among 67-odd bills listed as...

The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...

SKS Microfinance Ltd on Thursday said it may downsize operations and even “shut shop” in Andhra Pradesh, which accounts for a quarter of its business, if the southern state retains its recent Act governing microcredit operations. “If the state Act is not repealed, we wouldn’t have a choice but to shut shop in Andhra and leave,” founder and chairman Vikram Akula said. India’s largest and only listed microfinance institution (MFI) would not,...

The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...