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...

The anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...

CHANDRAWAL, India—Satbir Sharma's wife is dead. His family lives in fear. His father's left leg is shattered, leaving him on crutches for life.   Sharma's only hope lies in a new law that gives him the right to know what is happening in the investigation of his wife's death. Most of all, he wants to know what will happen to the village mayor, now in jail on murder charges. He talks quietly, under...

Village studies are a treasure trove of information on economic and social changes A noteworthy feature of research on Indian agriculture is the resurgence of interest in village studies. Such studies – that include resurveys of villages studied earlier – provide insights into the livelihood prospects of the majority of people who continue to work in the countryside. They are an important mode of research to understand agrarian relations that often...

On August 26, Japanese Prime Minister Naoto Kan resigned, taking responsibility for the disastrous meltdown of the Fukushima Daiichi nuclear power plant, which was caused by the March 2011 undersea earthquake and ensuing tsunami.  In India, on the other hand, the deliberate contamination of a drinking water tank with radioactive waste in the Kaiga nuclear power plant in Western Ghats in the state of Karnataka has gone unpunished for two whole...