Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...

Most developing countries have a love hate relationship to foreign investment. They love the jobs that it creates, the technology that it accompanies, the additional choices that it provides, and the local millionaires/billionaires it creates through creative phased restrictions. On the other hand, since many developing countries have a colonial heritage, and cash is concentrated amongst developed world MNCs, the host are wary of it. The more nationalistic elements within a country...

A late-night crackdown by the police and paramilitary forces on anti-mega dam protesters in Lakhimpur district triggered raging protests at several places in Assam on Monday. The police arrested more than 200 protesters, who since December 16 had been blocking vehicles transporting equipment and construction materials, through National Highway 52, for the NHPC's 2,000-MW Lower Subonsiri hydroelectric project at Gerukamukh in Arunachal Pradesh. To protest the police action, five organisations, including the...

A survey in nine States shows that they have quietly revived and expanded their public distribution system. AT a time when the Union Cabinet cleared the draft of the national food security Bill after dilly-dallying over it comes a compelling piece of information: many State governments have quietly revived and expanded the public distribution system in their States. That, at any rate, is one of the main findings of a...

-The Hindustan Times   Had the world's leaders decided to ensure that global warming would increase to 3 to 4 degrees Celsius, perhaps to 5 degrees Celsius, instead of the 1.5-to-20 degrees Celsius threshold (over preindustrial temperatures) that scientists believe earth can tolerate, they couldn't have acted more purposively than they did at the Durban climate conference. If this sounds like a harsh judgement that radically differs from the official spin that...