Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...

JANAKI KNOWS well that it is hard for her to rear more than four children. Yet she is not willing to go to the sterilisation camp. Her husband would be of no help in taking such a decision. “He drinks heavily, beats me up every day,” she says. Janaki is not able to express her fears in clear terms, but it is difficult to imagine her summoning up the courage...

Nitish calls for balanced view on proposed plant in Chainpur Agitators allege misinformation on perceived hazardous fallouts of proposed plant “17.8 acres of land acquired to set up the factory is cultivable, fertile” Taking note of the mounting public uproar against the proposed asbestos factory at Bishnupur-Chainpur village in Muzaffarpur district, Bihar Chief Minister Nitish Kumar on Monday said “there was no ban on setting up asbestos factories in India.” Mr. Kumar, however, said...

If the Unique Identity project is such a good thing why is the man heading it unable to answer simple questions about it? Since the publication of his doorstopper of a book Imagining India in 2009, Nandan Nilekani has done a superb job of reinventing himself. The former head of software giant Infosys Technologies was overnight cast in the role of a visionary with his unabashedly free market prescription to turn...

During protests against the WTO (World Trade Organization) meetings in Cancún, Mexico in September 2003, Lee Kyung Hae, a South Korean farmer and La Via Campesina member, martyred himself by plunging a knife into his heart while standing atop the barricades at Kilometer Zero. Around his neck was a sign that read, "WTO Kills Farmers." At that time, activists around the world were rallying under the umbrella of the global justice...