The SKS IPO and the Andhra Pradesh ordinance have suddenly changed everything. Will it be the death knell or will it usher in a reformed and healthy industry? There are three basic facts about micro-finance in India. First, most of what is described as micro-finance industry is actually micro-loans. There is hardly any provision of micro-savings, micro-investments, micro-insurance or micro-pensions. This is mostly because of regulatory reasons, i.e. accepting money...

The minister for environment and forests, Jairam Ramesh’s order stopping Vedanta Aluminum Ltd and the Orissa Mining Corporation from mining bauxite in the Niyamgiri Hills to feed the company’s adjacent Lanjigarh aluminum refinery plant located in one of the country’s poorest districts in the name of tribal interest tends to miss the wood for the trees. It is based on the report of a four-member expert group under N C...

In the last few years in different parts of India the issue of land acquisition has become politically explosive.  This isn’t surprising as land, one of the few assets possessed by large numbers of people, particularly in rural India, is rising disproportionately in potential value as commercial and industrial development picks up, as there is never a dearth of real estate magnates, land speculators, local mafia, their political patrons and...

KEY TRENDS   • Maternal Mortality Ratio for India was 370 in 2000, 286 in 2005, 210 in 2010, 158 in 2015 and 145 in 2017. Therefore, the MMRatio for the country decreased by almost 61 percent between 2000 and 2017 *14    • As per the NSS 71st round, among rural females aged 5-29 years, the main reasons for dropping out/ discontinuance were: engagement in domestic activities, not interested in education, financial constraints and marriage. Among rural males aged...

KEY TRENDS   • Section 105 of the Right to Fair Compensation and Transparency in the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which provides for excluding 13 Central legislation, including Land Acquisition (Mines) Act 1885, Atomic Energy Act, 1962, Railway Act 1989, National Highways Act 1956 and Metro Railways (Construction of Works) Act, 1978, from its purview, has been amended for payment of compensation with rigours $ • The amendments have now...