If India is becoming a favourite destination for clinical trials, Maharashtra is the hub with Mumbai and Pune accounting for the largest number of clinical trials in the country. Maharashtra alone accounted for well over a quarter of all the clinical trials registered with the clinical trials registry of India till 2010. A study of the trials recorded in the registry, done by the Centre for Studies in Ethics and...

The National Centre for Promotion of Employment for Disabled People (NCPEDP) has rejected the draft of the new law proposed by the government for differently-abled persons.Describing it as “mischievous and clever,” Javed Abidi, executive director of the disability rights group, has sought a “re-look” at the law, and demanded the disbanding of the 30-member committee that was asked to prepare the draft. The panel outsourced the job and asked the...

The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...

Tight liquidity continues; rise in bank rates likely for such lending. The Andhra Pradesh government will take some time to reply in the high court to the petitions filed against the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, issued last month. The Microfinance Institutions Network (MFIN), SKS Micro Finance and Spandana Sphoorty Financial have filed petitions saying the ordinance threatens to disrupt their business. The government sought an extension after...

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...