Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...

It is tragic that the same government that gives huge corporate concessions and loses money in corruption is fighting over minimum wages. As India's — and by some reckoning the world's — largest rights-based rural safety net programme completes five years, here is a reality check. The National Rural Employment Guarantee Scheme (NREGS) has become the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). But in a monumental affront to the...

In a mark of protest against the administrative "bias" over an attack on labourers last year, Magsaysay award winner and activist Sandeep Pandey today returned the Employment Awareness Award presented to him by Congress president Sonia Gandhi. Pandey said that he had returned the award to protest against attack on labourers by Ghanshyam, husband of a village head, in Era Kake village on January 14 last year. He alleged that the incident...

Udayanath Kandhapan of Girligumma village under Dasmantpur block was engaged in a field canal work under the MGNREGA. But one year after the completion of the work, he is yet to get his wages; so are other labourers working on the project. They have approached concerned officials several times regarding the matter, but to no avail. Disturbed over the apathetic attitude of the officials, Kandhapan registered his grievance at the...

NGOs To No Go’s     * NGOs have mushroomed; so have instances of misappropriation of funds     * Not disclosing expenditure and receipts; nor revealing who funds them     * Not setting up NGO for the task it was funded for     * Flocking to 'hot' topics, inviting accusations of singing to industrialists’ tunes     * For every NGO supporting a cause, another springs up against that cause *** NGO numbers     * 3.3 million Number of NGOs...