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MFIs: Still in the doldrums by Shruti Sarma

MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...

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Court of elders

-The Indian Express   Rajya Sabha has taken up an impeachment motion against a judge, and the solemnity of the exercise inevitably framed the backdrop against which the question of Justice Soumitra Sen’s continuance in the Calcutta high court will be decided. The requisite MPs’ petition that set up the process cited two allegations for inquiring into misbehaviour: that Sen had misappropriated money he received in his capacity as high court-appointed receiver,...

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The blind spots of India Shining by Vinay Sitapati

This “activist” was quite different from the suit-wearing PIL litigant or the Left-leaning jholawala. In the run up to Anna Hazare’s first fast over an anti-corruption law in April, a communications company provided the technical support to a service in which, if mobile users called a toll-free number, they would then receive free alerts on the protests. The service was one of an array of technologies — from Twitter updates...

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CPI(M) says arrest smacks of “dictatorial tendencies”

-The Hindu   Strongly condemning the arrest of social activist Anna Hazare in New Delhi on Tuesday, the Communist Party of India (Marxist) in West Bengal said the Centre's action smacked of “dictatorial tendencies,” trying as it did to throttle the people's right to speak out against any issue. Demanding a “strong Jan Lokpal Bill” that would have the office of Prime Minister within its ambit, the party also insisted on instituting a...

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Anna's fast will boost TV ratings, Sharmila's is for a just cause by Abheek Barman

By the time you read this, Anna Hazare would have started his fast and his well-fed handlers will be stationed in front of television cameras. Independence Day, grey and wet was a holiday with no breaking news, so after the Red Fort speech, all airtime was taken over by talking heads debating the Anna fast. The talks generate lots of heat: "Think about the future," or "Aren't we also members...

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