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...
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Social media defamation rules: People have to be careful about what they post on social media websites by Writankar Mukherjee
The power to publish, which was once the preserve of a few, is now commonplace: the privilege is accessible to anyone with an internet connection who has anything to say. While the powers of publishing may have been well dispersed, it is not so well understood that everyone is bound by the same rules and restrains that apply to traditional publishers and media professionals. Social media sites, which have played...
More »Hindi domain name to bridge digital divide by Surabhi Agarwal
India is preparing to launch the dot-Bharat domain name in Hindi in May with the aim of bridging the digital divide in the country India is preparing to launch the dot-Bharat domain name in Hindi in May with the aim of bridging the digital divide in the country. The move will enable organizations and individuals to register their website addresses in Hindi—and later more local languages—making them more accessible to a...
More »Azad clarifies on ‘gay sex-is-unnatural' remark
-The Hindu Under fire for describing homosexuality as “unnatural,” Union Health Minister Ghulam Nabi Azad on Tuesday sought to clarify and explain the extempore remarks he made at a conference the previous day. Mr. Azad said he had been quoted “totally out of context” by a section of the media, which reported him as saying that men having sex with men was a “disease.” A review of the video recording of his...
More »India versus China by Amartya Sen
The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...
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