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 Economic Times   Governor of the Reserve Bank of India, D Subbarao said on Tuesday that India's food inflation was fanned by change in dietary habits. Commenting on high inflation, Subbarao said that underlying drivers of inflation have changed.  "India needs to address challenge of food inflation. Food inflation has substantially come down but over the last 3.5 years since 2008-2009, average food inflation has shot up higher than the past 6...

The state has done precious little to improve the lot of agriculture workers. Agricultural wage workers (AWW) earn their livelihood by working for wages in the agriculture sector. In India, AWWs are the second largest group of all workers, after owner-cultivators or farmers. Of the workforce of 402 million, AWWs are at least 110 million. Wage work in the agriculture sector has always been considered a low-status occupation in India, as agriculture...

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...

Are smaller states easier to govern and hence better for the people? The most recent reorganization took place in November 2000 when three mega states - Uttar Pradesh,Bihar and Madhya Pradesh - were sliced up to give birth to Uttarakhand, Jharkhand and Chhattisgarh, respectively. It is more than a decade since then. The new states are now well-established. But, how are they faring compared to the 'mother' states? Has the...