-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...
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Don't blame the implementers by Shubhasis Gangopadhyay
Corruption and government apathy may not be hurting MNREGS as much as well-intentioned tinkering There is growing concern that the Centre’s allocation for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) is dropping off. Correspondingly, the average number of days of work created in some of the states is dropping sharply. This decline in the spending of MNREGS money is not a one-off event but has been happening over the...
More »Professor Arjun Appadurai, Goddard Professor of Media, Culture and Communication at New York University interviewed by Smruti Koppikar
Professor Arjun Appadurai is a Mumbaikar at heart; coming to the city is an annual pilgrimage for this internationally renowned cultural theorist and anthropologist. Appadurai, 62, who studied in Mumbai’s Elphinstone College, is currently Goddard Professor of Media, Culture and Communication at New York University. He has been consultant and advisor to a wide range of public and private foundations such as The Smithsonian. In his seminal work Disjuncture and...
More »Last straw on the fisc back by Soumya Kanti Ghosh & Rajiv Kumar
The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...
More »BJP’s Team B by Dhirendra K Jha
The mask is off. Team Anna and his lieutenants are batting for the BJP On 30 October last year, when Mohan Bhagwat claimed that Anna Hazare’s anti-corruption movement was actually supported by the RSS, the remark conveyed palpable nervousness and attracted criticism from Team Anna. Three months later, as Team Anna launches its voters’ awareness campaign in UP, there is not even an attempt to keep its secular mask intact. The mask,...
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