India’s microfinance institutions (MFIs), under pressure because of stricter rules in their largest market Andhra Pradesh and the consequent slump in repayments there, may get a boost from the Asian Development Bank (ADB). ADB is constituting a $250 million (around Rs1,135 crore) facility to offer guarantees against loans to MFIs extended by banks in the Asia-Pacific region where it operates, including India. The move is aimed at encouraging banks to lend...

‘Break the nexus between builders and politicians' 'Land being grabbed from poor through malpractices' Social activist Medha Patkar and over 50 others were detained for some time by the police here on Tuesday after they barged into the Adarsh Housing society and staged a protest, demanding the demolition of the building and the scrapping of Rule 3K under the Maharashtra Slum Act. “Adarsh is the symbol of their paradigm of development. They don't...

The second phase of Census 2011 began today with enumerators seeking information about the first citizen of the country, President Pratibha Patil. The decadal exercise, which will cover the entire country, began by collecting information on a "number of characteristics about the President's personal household" by enumerator Rita, a Rashtrapati Bhavan spokesperson said. The exercise took place in the presence of Home Minister P Chidambaram, Minister of state for Home Affairs Gurudas...

The attempt of the Central Information Commission (CIC), the final appellate authority for implementation of Right to Information (RTI) Act, to bring transparency in the functioning of government departments through voluntary disclosure of information on websites has come a cropper. Of the 1,600 public authorities (government departments, apex bodies, autonomous organisations and ministries) listed by the Commission, only 125 have obeyed its directive and appointed transparency officers. The macro picture...

The Adivasi Adhikar Rashtriya Manch (AARM) has urged Union Finance Minister Pranab Mukherjee to ensure that the allocation for the Tribal Sub Plan (TSP) in this year’s budget is increased to 8.4 per cent, in keeping with the strength of the tribals in the country. They stressed that the shortfall on this account was over Rs 27,000 crores in the last two years. Members of the AARM, which works among tribal...