-The Hindu Trinamool jumps on Opposition bandwagon, while Akali Dal backs move Cabinet clearance for Foreign Direct Investment in multi-brand retail led to tumult and uproar in Parliament, with both Houses adjourning without transacting any business for the third successive day on Friday. Going by the Opposition's hostile reaction, there is a question mark over smooth conduct of proceedings when Parliament meets on Monday. Communist Party of India Parliamentary Party leader Gurudas Dasgupta has...
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What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
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 »Protesters to sue Narayanasamy for ‘foreign-funding charge'
-The Hindu Coordinator of the Anti Kudankulam Nuclear Power Project movement, S.P. Udhayakumar, has decided to file defamation case against Union Minister of State for Prime Minister's Office, V. Narayanasamy, for alleging that the protesters were getting money from foreign countries to stop commissioning of the plant. Speaking to reporters here on Saturday, he said that the Congress was supporting the commissioning of the plant. “They are terming us anti-nationals only for...
More »Gender bias: Only Afghanistan fares worse than India in South Asia by Rukmini Shrinivasan
India's abysmal gender inequality statistics seem to have taken a turn for the worse. New data shows the country's Gender Inequality Index (GII) worsened between 2008 and 2011, and India now ranks 129 out of 146 countries on the GII, better only than Afghanistan in south Asia. On the Human Development Index (HDI), India ranks 134 out of 187 countries. When inequality is factored in, it experiences a 30% drop in...
More »Looking for the Poor
-EPW The media noise shed little light on the important issues involved in deciding the coverage of welfare programmes. The context for the Planning Commission’s (PC) affidavit on the official poverty line was the deliberation in the Supreme Court on how many people could be covered by the public distribution system (PDS). But while the sound and fury over the poverty line – Rs 32 per capita per day in the urban...
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