Public uproar over 20 suicides in two months has forced the Andhra Pradesh government to act to regulate micro-finance institutions. On October 14, the state government brought an ordinance making it compulsory for MFIs to register themselves, declare the effective rate of interest they charge, ensure that no security is sought for loans and no coercion is used for recovery. Non-compliance will be punished with a three-year prison term and a...

Indigenous people are entitled to their own institutions and self-governing structures to enable them to manage their own affairs and ensure that the development process is aligned with their own cultural patterns, values and customs, a United Nations independent expert says in a report. “In the light of the extreme disadvantages that indigenous peoples have typically faced across a range of social and economic indicators, there are particular concerns… that must...

Steel giant Posco’s proposal for the largest foreign direct investment in India has failed to pass environment muster with a central panel picking flaws in the process to settle forest rights and approve the shortlisted site in Orissa. Three members of the four-person committee have recommended that the Union forest and environment ministry scrap its approvals while the remaining nominee has suggested that the exercise be carried out afresh. The panel’s recommendations...

The Bharatiya Janata Party Nagaland expressed unhappiness over the Pubic Distribution System (PDS) of essential commodities in the state. It stated that the present PDS is in the hand of a few contractors, appointed by the government as state Stockiest and District Nominee, for mobilization/handling and transportation of essential commodities meant for districts on contractual basis by signing of an agreement for one year period. “These temporary deeds are purely for...

Coal companies in the public and the private sector should share either their profits or their royalty with project-affected people, Union Minister of State (Independent charge) Sriprakash Jaiswal said. Talking to the media after addressing a seminar on “Indian coal sector: issues and prospects” here on Monday, he said this would become law once the new mining policy was finalised. When asked for his views on this issue, he said, “We...