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...

The government plans to focus its flagship rural jobs guarantee plan on the poorest districts of the country as there is a growing recognition within the administration that the scheme's nation-wide rollout has adversely impacted its performance. Launched in 2006, the Mahatma Gandhi National Rural Employment Guarantee programme promises at least 100 days of unskilled manual work in a year to each household in rural India. The scheme was initially...

-The Business Standard   Worried over allegations of corruption in many government programmes, Union Rural Development Minister Jairam Ramesh has requested the Comptroller and Auditor General (CAG) to audit all the schemes under his ministry. Ramesh met Orissa Chief Minister Naveen Patnaik in the state secretariat today, the last day of his three-day visit to the state. “To maintain transparency, I have requested the CAG to engage special Auditor Generals in each state to...

-The United Nations   Secretary-General Ban Ki-moon today urged the world to recognize the right of indigenous peoples to control their intellectual property, saying they needed help to protect, develop and receive fair compensation for their cultural heritage and traditional knowledge. “Indigenous peoples face many challenges in maintaining their identity, traditions and customs, and their cultural contributions are at times exploited and commercialized, with little or no recognition,” Mr. Ban said in a...

IF YOU walked down the streets of Jantar Mantar in New Delhi between 3-5 August, you would see what TV cameras aren’t putting out on primetime news. Thousands of farmers from Jhabua in Madhya Pradesh to Rohtak in Haryana. On protest. Against the systematic grabbing of their land by various state governments across the political spectrum. On one side of the road, on large green carpets, are about 3,000 farmers,...