The recent crisis in the micro-finance industry, brought about by some incidents in Andhra Pradesh, has led to the development of a new concept in the Indian thinking on development — that of “responsible finance”. Responsible finance is supposed to mean financial activities by companies that make just about enough returns to stay in business and charge rates of interest on loans to the poor that are only marginally higher than what...

Rahul Gandhi, the general secretary of India’s Congress party, often says that there exist “two Indias” — one of the rich, and one of the poor. Those two Indias were in evidence a couple of weeks ago, when closely timed events on opposite sides of the planet brought into relief the deep divides that in many ways define this country. In Mumbai on Nov. 7, President Barack Obama told a group of...

Union Rural Development Minister C.P. Joshi on Friday maintained that the Centre was set to increase the wage rate paid under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), but it was for Prime Minister Manmohan Singh to address the issues raised by UPA chairperson Sonia Gandhi. Dr. Joshi said it was not for him to react to the recommendation made to Dr. Singh by Ms. Gandhi — in her...

The Global Hunger Index report paints a gloomy picture of South Asia and Sub-Saharan Africa. WITH the deadline for achieving the Millennium Development Goals just five years away, the 2010 Global Hunger Index report prepared by the International Food Policy Research Institute (IFPRI) paints a gloomy picture of South Asia and Sub-Saharan Africa. Some 29 countries in these regions, it says, have levels of hunger that are alarming or extremely alarming....

Report reveals the need to reach target levels of coverage for life-saving interventions India has the highest number of pneumonia-related deaths in the world Only three countries reported coverage above the target level of 90 per cent for any vaccine Pneumonia, which is the world's leading infectious killer among children, claims the lives of nearly 1.6 million children under five every year, with more than 3,70,000 or nearly one-quarter of deaths occurring in...