SKS Microfinance Ltd on Thursday said it may downsize operations and even “shut shop” in Andhra Pradesh, which accounts for a quarter of its business, if the southern state retains its recent Act governing microcredit operations. “If the state Act is not repealed, we wouldn’t have a choice but to shut shop in Andhra and leave,” founder and chairman Vikram Akula said. India’s largest and only listed microfinance institution (MFI) would not,...
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Wages of tokenism by TK Rajalakshmi
The revised daily wage for NREGS workers is still lower than the minimum wages paid in several States. A CONTROVERSY seems to have surfaced between the Prime Minister's Office and the National Advisory Council (NAC) on the issue of wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The NAC has been arguing for some time that there should be parity between wages under the National Rural Employment...
More »Bitter harvest by Lyla Bavadam
A small farmer in Maharashtra, whose high-yielding rice variety is popular in five States, is denied the benefits of his research. TWENTY-SEVEN years ago, Dadaji Khobragade of Nanded Fakir village in Chandrapur district of Maharashtra noticed yellow seeds in three spikes of a paddy stalk in his field. Intrigued by the freak harvest, he preserved the grains. He subsequently planted them in a six-foot square plot, which he covered with thorny...
More »The ‘Radia’ctive Indian Media by Satya Sagar
There has been a gross simplification of the issues involved in the exposures in the Radia tapes on the lack of integrity among mediapersons. In order to understand how exactly journalists really function it is necessary to understand the overall context in which they operate and clarify some of the persistent myths about what the profession is all about. Four myths in particular need to be dissected: That it enjoins...
More »MANY KIDS DEAD, MANY ABOUT TO DIE, OF MALNUTRITION IN MP
Is Madhya Pradesh the epicentre of malnutrition deaths? Recently, villages in the State’s Shivpuri district witnessed children of Sahariya tribe falling victims of malnutrition. Their names, according to the Asian Human Rights Commission (AHRC): Parant, Rajveer, Rajkumari and Sanni and they were all aged 3 years or below. The AHRC cautions that many more children like Ashiq, Kuldeep, Pawan and Malti from the same tribe are battling death due to...
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