Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
More »SEARCH RESULT
HC scraps teachers’ selection by Chandrajit Mukherjee
-The Telegraph Jharkhand High Court today scrapped the appointment of 8,042 government primary schoolteachers, terming the eligibility test conducted by Jharkhand Academic Council (JAC) in July to screen candidates arbitrary and illegal. The order of the division bench of Chief Justice Prakash Tatia and Justice P.P. Bhatt means schools will have to wait for teachers longer, as 18,208 posts of teachers (primary and Urdu) have been lying vacant since 2008. A petition was...
More »Reviving Universal PDS: A Step Towards Food Security by Suranjita Ray
An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...
More »Cleansing the State by Krishna Kumar
The anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...
More »Farm workers still get a raw deal by Jasvir Singh
The state has done precious little to improve the lot of agriculture workers. Agricultural wage workers (AWW) earn their livelihood by working for wages in the agriculture sector. In India, AWWs are the second largest group of all workers, after owner-cultivators or farmers. Of the workforce of 402 million, AWWs are at least 110 million. Wage work in the agriculture sector has always been considered a low-status occupation in India, as agriculture...
More »