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 state government has sought technical advice and assistance on its proposed plan to carry out mass vaccination ahead of monsoon next year in Gaya and adjoining districts to stop outbreak of Japanese encephalitis and acute encephalitis syndrome. Sanjay Kumar, the secretary of the state health department, said the state was keen on going for a mass immunisation and regular immunisation for Japanese encephalitis as a preventive measure next year. “We...

On August 26, Japanese Prime Minister Naoto Kan resigned, taking responsibility for the disastrous meltdown of the Fukushima Daiichi nuclear power plant, which was caused by the March 2011 undersea earthquake and ensuing tsunami.  In India, on the other hand, the deliberate contamination of a drinking water tank with radioactive waste in the Kaiga nuclear power plant in Western Ghats in the state of Karnataka has gone unpunished for two whole...

-Rediff.com   A former Delhi chief secretary and currently Delhi's public grievance commission chairman has warned the prime minister not to strangle the 'doers' in the bureaucracy and paralyse the government while the 'non-doers' go scot free in the euphoria over ushering in a strong anti-corruption ombudsman.  In an appeal that echoes concern of all senior bureaucrats, Ramesh Narayanaswami sought Dr Manmohan Singh's urgent intervention to ensure the best safeguards possible in the...

-The Telegraph   The CBI today began probing an Uttar Pradesh health scam running into thousands of crores that has led to the murders of two honest government doctors and the sacking of two ministers. The issue relates to the spending of Rs 10,000 crore allocated to the state under the National Rural Health Mission. CBI spokesperson Dharini Mishra said the agency had registered five preliminary inquiries on the orders of Allahabad High Court,...