MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...

Why we are doing this story     * Tribal lands are under pressure across India. In Orissa, they have been holding out against big corporates like Vedanta and Posco. *** From afar, the fumes rising from factory chimneys in Gujarat’s industrial belt make them seem like skyscrapers on fire. It’s a grey rust-and-chemicals stretch that they call, without irony, the Golden Corridor. It extends all the way from the north of Ahmedabad, through...

The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...

-The United Nations   Secretary-General Ban Ki-moon today urged the world to recognize the right of indigenous peoples to control their intellectual property, saying they needed help to protect, develop and receive fair compensation for their cultural heritage and traditional knowledge. “Indigenous peoples face many challenges in maintaining their identity, traditions and customs, and their cultural contributions are at times exploited and commercialized, with little or no recognition,” Mr. Ban said in a...

-The Hindu   A common syllabus and common curriculum is required to achieve the objectives of the Right to Education (RTE) Act, to provide free and compulsory education to every child of 6 to 14 years, the Supreme Court said on Tuesday. Dismissing a batch of appeals filed by the Tamil Nadu government and others against a Madras High Court judgment on implementation of the Uniform System of School Education, a Bench of...