The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...

In Tamil Nadu, untouchability is so deep-rooted that there are separate burial spaces for Dalits and upper castes even in some urban pockets. “Samarasam ulavum idame Nam vaazhvil kaanaa Samarasam ulavum idame… Jaathiyil melor enrum Thaaznthavar keezhor enrum bethamillathu Ellorum mudivil serndhidum kaadu Thollai inriye thoongidum veedu Ulaginile ithuthaan Nam vaazhvil kaanaa Samarasam ulavum idame…” (Here, in this place pervades equality Which one could not have seen ever in one's lifetime! Steering clear of caste discriminations Such as the high, the low and...

The government will certainly not indulge in self congratulation for agriculture recording a growth of 5.4 per cent to 232.07 million tonnes in 2010-11 as this is happening on a low production base of 218.11 million tonnes last year when the country experienced the worst south-west monsoon since 1972. In fact, the major concern of the government is farm sector’s niggardly growth of 2.8 per cent in the first four...

It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...

Indian agriculture needs Rs 1,08,000 crore to fight climate change in the next five years to ensure food for all at a reasonable price by 2020. To prevent food catastrophe, the agriculture ministry has asked the funds for implementing National Mission for Sustainable Agriculture under the Prime Minister's National Action Plan on Climate Change. Over 60% of the money will be spent on developing new technologies, crop varieties and new practices...