Interest rates on loans from microfinance institutions (MFIs) are likely to be capped at around 24 per cent. Currently, MFIs are charging 26-40 per cent on small loans extended to their rural customers — many of whom are yet to get even a bank account — while urban customers get Personal Loans at 12 per cent from commercial banks. Though neither the RBI nor the government has fixed any ceiling on...

They plan to raise bank loans to build their own homes and take up agriculture Landless Dalit families in a Kancheepuram village have used the Right to Information (RTI) Act to prompt the district administration to hand over land that was originally allotted to them several years ago, thanks to the initiative of a grassroots NGO. A total of 106 Dalit families in Alisoor village were allotted 100 sq m...

For the preparation of the Commonwealth Games 2010, around Rs 17,400 crore have been spent on Delhi by the government over the past three years. The over-used word deployed by public leaders and officials to describe the city, which they hope will emerge from these exertions, is ‘world-class’. But forgotten are the men and women whose toil will make this ‘world-class’ city possible. At its peak in 2008-09, an estimated...

Failure of kharif crop and mounting debts stated to be reasons  The interest rate on private loans ranges between 24 and 36 per cent The district witnessed 15 deaths in 3 days during November Sixty-nine farmers from Adilabad district committed suicide during the kharif season that lasted from August to November 2009 and the number grew to 93 by December 15, if reports from the non-governmental organisations and farmers’ associations in Andhra...

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...