-The Hindu   “Need for regulatory space for MFIs so they function without affecting SHGs” The National Rural Livelihood Mission (NRLM) would connect at least one woman from every poor household across the country with self-help groups (SHGs) in five years, Union Minister of Rural Development Jairam Ramesh said on Friday. “The objective of the programme is to ensure that in a five-year period one woman from every poor household becomes a member of...

The Budget provides proof of the United Progressive Alliance government having forgotten the importance of its own “flagship schemes”. BUDGET 2012-13 provides conclusive proof that the United Progressive Alliance (UPA) government has lost its way. It has managed the remarkable feat of upsetting almost everyone and making no one happy. The Budget is highly regressive in both taxation and spending terms and will raise prices of essentials, so aam aurat and...

Historians tell us of the colonial era stories of miserable conditions of workers, even bonded labour, in tea plantations of eastern India. However, the situation improved after independence. In the past few decades the tea industry has made steady profits even in worst years of economic downturn. And that is why reports of starvation deaths in tea plantations of Assam are so shocking. An Asian Human Rights Commission (AHRC) report says that...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

-EPW   The media noise shed little light on the important issues involved in deciding the coverage of welfare programmes. The context for the Planning Commission’s (PC) affidavit on the official poverty line was the deliberation in the Supreme Court on how many people could be covered by the public distribution system (PDS). But while the sound and fury over the poverty line – Rs 32 per capita per day in the urban...