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Hunger alarm by TK Rajalakshmi

The Global Hunger Index report paints a gloomy picture of South Asia and Sub-Saharan Africa. WITH the deadline for achieving the Millennium Development Goals just five years away, the 2010 Global Hunger Index report prepared by the International Food Policy Research Institute (IFPRI) paints a gloomy picture of South Asia and Sub-Saharan Africa. Some 29 countries in these regions, it says, have levels of hunger that are alarming or extremely alarming....

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New UN report reveals link between poverty and poor health in urban areas

A new United Nations report shows for the first time how poor health is linked to poverty in cities and calls on policymakers to identify those that need the most help and target measures to improve their well-being. The report, entitled “Hidden Cities: unmasking and overcoming health inequities in urban settings,” was launched today in Kobe, Japan, where leaders from governments, academia, media and non-governmental organizations have been meeting for the...

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India’s micro vision by Samar Halarnkar

Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microfinance, the business of providing the poor with loans, as small as R5,000, secured not with...

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Farmer displacement will increase poverty by PSM Rao

Some people feel agriculture in India provides employment much beyond its capacity — that is, the number of people working on the farm is many times the actual requirement. Prime Minister Manmohan Singh is among the proponents of this view. In his interaction with a group of editors last month, Singh said, “The only way we can raise our heads above poverty is for more people to be taken out of...

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A cut above the rest, MFIs in East ease borrowers’ pain by Atmadip Ray

Amid the heat and dust over high interest rates charged by microfinance institutions and reports of coercive recovery methods by some lenders in Andhra Pradesh, MFIs in eastern India are trying to strike a more cordial note with borrowers by lowering interest rates. At least three MFIs based out of Kolkata are on the verge of slashing lending rates by nearly 500 basis points to 19.1% per annum, on reducing balance...

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