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Microfinance: What's wrong with it by M Rajshekhar

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

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What drives the Dalits to Christianity? by Bhupendra Yadav

DALIT THEOLOGY IN THE TWENTY-FIRST CENTURY — Discordant Voices, Discerning Pathways: Edited by Sathianathan Clarke, Deenbandhu Manchala, Philip Vinod Peacock; Oxford University Press, YMCA Library Building, Jai Singh Road, New Delhi-110001. Rs. 745. Although Christian missionaries of various denominations have been active in India for several centuries, the 1941 Census placed the number of Christians in colonial India at just 1.6 per cent of the population. This clearly indicates that the...

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India's 'untouchables' to build temple to 'Goddess of the English language'

India's downtrodden "untouchables" are to open a temple to a "Goddess of the English language" in honour of Lord Macaulay, an architect of the British Empire. Leaders of India's low-caste Dalits are to celebrate the opening of a temple shaped like a desktop computer to inspire "untouchable" children to improve their prospects in life by learning English. They believe learning English will open up new opportunities for India's 160 million Dalits...

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Mining India's development by Rajendra Abhyankar

Vedanta, Posco and Sindhudurg. The issue is the same — the need for a well-thought-out policy relating to extractive and resource-based industry. The government’s withdrawal of mining permission to Vedanta on the Niyamgiri hills in Orissa’s backward Kalahandi district; the divided verdict by the Gupta Committee on the Posco iron ore project; and the environment ministry’s concern on 49 mining licences issued by the Maharashtra government for bauxite and iron...

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UN study highlights the immense economic and social value of ecosystems

Businesses and policy-makers need to recognize the tremendous economic value of ecosystems, as well as the social and economic costs of losing such natural resources as forests, freshwater, soils and coral reefs, a new United Nations report released today said. The report by the Economics of Ecosystems and Biodiversity (TEEB), a body hosted by the UN Environment Programme (UNEP), seeks to galvanize the world to recognize the economic consequences of failing...

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