A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...

The Sonia Gandhi-headed National Advisory Council will meet on Friday for the second time this month. It will consider a number of issues, including the Rangarajan panel’s recommendations on the draft Food Security Bill. The high-profile policy advisory body, headed by the United Progressive Alliance chairperson , may formulate its response to the governmentappointed Rangarajan panel’s recommendations, which were seen as diluting the NAC’s vision of the scope of legally binding...

Activists and villagers affected by the Jaitapur nuclear power project will boycott the Maharashtra government's meeting, to be held here on Tuesday to clear misconceptions over nuclear energy. Experts from the nuclear energy establishment, agricultural universities and environment are expected to have an open house with the affected people, the media and elected representatives on the controversial project. Official sources said Srikumar Banerjee, chairperson, Atomic Energy Commission (AEC), Anil Kakodkar, and...

At a time when parents are miffed by the “dictatorial” attitude of school managements, the Central Board of Secondary Education (CBSE) is all set to give more teeth to parents’ associations. The latest move is the brainchild of CBSE chairperson Vineet Joshi, aimed at involving parents in core issues of the schools’ administration including controversial fee hike and admission procedures. The board has recently asked all its affiliated-schools to strengthen its parents’...

The question raises fundamental issues about the MGNREGA’s centralised template and poor delivery mechanism, but it is important to provide a legal basis to its wage structure to protect it against inflation. We need to remember that the way the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was originally conceived, wages were never meant to be equal to the minimum wages; they should have been lower. This is because the...