Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...

Several newspapers and TV channels, some of them among India’s biggest, have claimed credit for exposing the Adarsh society scam in which the who’s who of India’s defense and political establishment are involved. The scam exposes the nexus between Bureaucrats, politicians and unscrupulous defense service officers. Obviously it wouldn’t be anyone’s ‘exclusive’ if so many newspapers and channels broke the news. Or else there would be one journalist who reported...

The Udyog Maidan near Statue Circle was witness to a different kind of Diwali celebrations' on Thursday. At the centre were two huge puppets carrying posters demanding minimum wages for NREGA workers while another one called for celebrating a black diwali. The protest got louder at the background where NREGA workers from various parts of the district help up posters on the issue. "It has been a unanimous decision from our side...

The Director-General of the U.N. Food and Agriculture Organisation, Dr. Jacques Diouf, announced at the Inter-Governmental Committee on World Food Security (CFS) that the combination of global food crisis and economic recession had taken the number of people affected across the world to over one billion. He described the number as “unacceptably high,” higher than in 1996 when the heads of states and governments committed themselves to reducing hunger by...

Even as the popular demand for creation of separate Vidarbha state and development of the region is doing rounds for some time, a gross negligence on part of both, the politicians and the Bureaucrats implementing the state government schemes has surfaced. Sources close to the divisional commissionerate told PTI that as many as Rs1193.88 crore out of a total allocation and release of Rs2997.03 crore of Vidarbha package have not been...