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...

How do you quantify happiness in a diverse nation like ours? Growth levels, value-based structural changes, what can affect it? Life is Elsewhere?     Bhutan’s GNH: Based on the Buddhist doctrine of harmony with environment and fellow beings besides material comfort     UNDP Human Development Report: Ranks nations on quality of life—adjusted real income, life expectancy, education etc     World Values Survey: Started in 1995, it explores impact of social and political changes...

Despite 60 years of Constitutional guarantees and two decades after the signing of the United Nations Convention on the Rights of the Child, India's children still continue to face grave violation of their basic rights, an independent social audit has revealed. “We do not have a National Policy for Children defining the ‘child'. In fact, the Convention on the Rights of the Child (CRC) has time and again recommended that a...

Health is a state of mental, social and physical well-being and not merely an absence of disease or infirmity. To achieve this noble objective, India requires health care professionals who are trained in institutions with standardised infrastructure, and the availability of accessible and equitable health care for both the rural and urban populace. Recently, the health sector has been in the news — from the creation of a rural based...

Two stories on two days, both from Delhi and both shocking in their revelations. Both involved child abuse. The first story was about a university professor on the run, allegedly after it came to light that he had employed a 10-year-old boy in his house, and worse, regularly beat him. The second story was even more mind-numbing in its details. Sanjana (name changed to protect identity), a 14-year-old girl, is...