MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
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Food items, fuel, clothing more expensive in July
-PTI Select food items, fuel and clothing grew more expensive in July, leading to a 1.47 per cent rise in the Consumer Price Index (CPI) vis-a-vis the month of June to 110.4 points. The CPI, based on retail prices, stood at 108.8 points in June, as per data released by the government on Thursday. At the all-India level, the CPI for 'food, beverages and tobacco' went up by 1.57 per cent to 110.3...
More »BPL salt does a double take
-The Telegraph It’s a move that will unwittingly rub salt on the wounds of around 36 lakh families in Jharkhand living below poverty line. With the Reserve Bank of India (RBI) recently withdrawing 25 paise coins from circulation, the state government has been forced to shed its friendly face and revise its decision to sell salt at 25 paise per kg to BPL families, commonly known as the lal-card holders. The Arjun Munda...
More »SATYANANAD MISHRA CHIEF INFORMATION COMMISSIONER IN WALK THE TALK WITH SHEKHAR GUPTA
In a season when every self-styled warrior against corruption is trying to look for a new weapon to fight it, my guest today is Satyananda Mishra, Chief Information Commissioner—someone who has in his control the strongest of those weapons, the RTI. Actually when it all began, nobody thought it would be so effective. In a period of five-and-a-half years, it has touched the hearts and minds of people. The number of...
More »Overreaching? by Pratap Bhanu Mehta
The latest Supreme Court order appointing two former justices to superintend the special investigation team (SIT) on black money is a serious indictment of government. It reflects a widespread sentiment about the laws of government motion: government is a body that will not move unless compelled by an external force. A shameless government is provoking a thousand saviours to step in and save the country. The Supreme Court is, rightly,...
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