Bangladeshi micro-credit pioneer Grameen Bank has described as "total fabrication" claims the institution diverted nearly $100m of aid cash.The denial came a day after Norway said it was examining reports relating to money from Norway, Sweden and Germany.A documentary alleged that the cash had been transferred from Grameen Bank to other parts of Grameen.Nobel Peace laureate Prof Muhammad Yunus set up the bank in Bangladesh in 1996 to make small...
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Grameen founder Muhammad Yunus in Bangladesh aid probe by Ethirajan Anbarasan
Norway says it is examining reports that Nobel Peace Laureate Muhammad Yunus allegedly diverted millions of dollars of aid money from a bank. International Development Minister Erik Solheim said that it was "totally unacceptable that aid is used for other purposes than intended". A documentary maker has alleged that cash was diverted from Professor Yunus' Grameen Bank to other parts of Grameen. In a statement, the bank said that the allegations were false. It...
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Has Narmada Bachao Andolan (NBA), one of India’s best-known peoples’ movements, run out of steam? Or is it still relevant in its new avatar as a force to reckon with? After all, the NBA has failed to achieve its primary goal of blocking big dams on Narmada, including the Sardar Sarovar Dam in Gujarat. The short answer to the question of NBA’s achievement is that it has forced a paradigm...
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Jharkhand embarked on its first panchayat polls in three decades on an encouraging note today, recording an impressive turnout in defiance of a few determined efforts by Maoist groups to disrupt the process at various places. Voters queued up from early morning, helping the state to notch up a poll percentage of 64.7 per cent with chief minister Arjun Munda’s home district of Seraikela-Kharsawan recording the highest turnout of 79 per...
More »Locking of temple leads to tension by M Rafi Ahmed & S Kaththasami
Deadlock continues in Dalits temple entry issue at Uthamapalayam village in Tirupur district as the caste Hindus, who are in a sizable number in the village, continued to avoid several round of talks chaired by Dharapuram RDO as they felt it as a disgrace to allow Dalits to sit equally with them. Hence, tension prevails in the village. M Thangavel, state organiser for Avinashi-based Vizhuthugal, an NGO working for the rights of...
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