The Expert Appraisal Committee of the Union ministry of environment & forests will submit its report soon to the ministry on the Posco project after scrutinizing the Comprehensive Environment Impact Assessment (EIA) submitted by the company. "The EAC would submit its report soon to the MOEF after scrutinizing the Comprehensive EIA submitted by Posco India. The EAC met yesterday for over three hours and there we reiterated our stand on issues...

MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has...

The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...

More public private partnerships are needed to create opportunities for the rural population India might have created its mark in the services sector — especially in information technology — on the global map, but the development of the rural sector still has a lot of ground to cover. Discussing how to innovate rural entrepreneurship towards employment at the India Economic Summit, various speakers called for increased public private partnerships to create...

91 per cent did not report for fear of being victimised In nearly 72 per cent of the incidents the perpetrator was a superior Just as the Cabinet approved a bill that seeks to protect women from sexual harassment at workplaces, a survey by a non-governmental organisation has claimed that nearly 88 per cent of the female workforce in Indian Information Technology and business process outsourcing and knowledge process outsourcing (BPO/KPO) companies...