Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

A life bound to a wheelchair, with speech inability and two heart attacks, would not seem like much of a life. But doctor Sharadkumar Dicksheet proved it wrong. In over four decades, Dicksheet performed over 2.5 lakh facial reconstructive surgeries for free. Until this winter, that is. He died on November 14 in Brooklyn, US. He was 81. Dicksheet has two daughters and a son from two marriages, neither of which lasted. What...

The death recently in Nairobi of Kenyan environmental crusader and 2004 Nobel Peace Prize winner Wangari Maathai brings to mind the work of another development activist and Nobel peace laureate (2006), Muhammad Yunus of Bangladesh. Their fields were different but their goals were the same: empowering poor, ordinary women for social and economic growth. Perhaps it’s no coincidence that this year’s Nobel Peace Prize has gone to three women who are...

-PTI   Hundreds of mourners gathered on Saturday for the funeral of Kenyan environmentalist and Nobel laureate Wangari Maathai at a park in central Nairobi she fought to save from destruction. The staunch conservationist's body was driven to the park in a coffin made of hyacinth fibres and bamboo frames because she opposed being buried in a wooden casket requiring the chopping down of trees. Mourners also lined Nairobi streets to view the cortege...

RTI activist Arvind Kejriwal today dubbed as “baseless” the questions being raised about interests of US bankrolling the nation-wide anti-corruption agitation under his Gandhian leader Anna Hazare. In a talk with Business Standard, the Ramon Magsaysay awardee said the NGO, Kabir, he runs along with social activist Manish Sisodia, did receive funding from the New York-based Ford Foundation, but pointed out that it had stopped about two years ago. “How can...