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...

-The Hindu   The Central Bureau of Investigation (CBI) has registered five Preliminary Enquiries (PEs) relating to alleged irregularities in the funds allotted to the National Rural Health Mission (NRHM) in Uttar Pradesh since its inception in 2005-06, CBI spokesperson said here on Saturday. The PEs were registered on the directions of the Allahabad High Court's Lucknow Bench. They pertain to civil works of Director-General (Family Welfare), procurement of medicines and equipments and information,...

-The Times of India The Centre on Saturday announced a Rs 6000-crore package for the handloom sector, doubling the announced financial relief, in what is seen as an outreach to the weaver community with authorship of Rahul Gandhi ahead of crucial UP elections. The sop increased with the government including individual loan defaulters, who are not part of a cooperative for loan amnesty, and in giving incentive for timely payment of loans...

-The Telegraph   The CBI today began probing an Uttar Pradesh health scam running into thousands of crores that has led to the murders of two honest government doctors and the sacking of two ministers. The issue relates to the spending of Rs 10,000 crore allocated to the state under the National Rural Health Mission. CBI spokesperson Dharini Mishra said the agency had registered five preliminary inquiries on the orders of Allahabad High Court,...

Information obtained under Right To Information Act is increasingly becoming the basis of public interest petitions seeking judicial redress of grievances. The Supreme Court on Monday disapproved of this modus operandi and said from now, it would not entertain PILs solely based on RTI information. "Petitioners banking on information obtained through RTI Act must approach the concerned ministry, bring the facts to its notice and demand justice. If the ministry does...