SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani  has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than moneylenders but have so far been able to operate under the pious...

The United Nations officials from Bonn, Germany, will visit Gumla in the first week of November to take stock of changes that have taken place in villages in this tribal dominated district. Gumla is among the five districts in the state where government of India and UN programme of total village development is underway.   Ever since the district launched its Total Village Development Programme under its model village project in two villages...

“Punjab has suffered only debt, serious illnesses and polluted and scanty water sources” Appealing to the farmers and policy-makers to not emulate the Punjab model of Green Revolution, some farmers from Punjab said here on Sunday that the revolution had completely ruined the State. “Punjab is now called the cancer capital of India. The Green Revolution has given farmers only three things: debt, serious illnesses and polluted and scanty water sources,”...

In order to decentralise the planning, implementation and monitoring processes of the MGNREGA works, the government is planning a national strategic framework using the geographical information system (GIS). The move will help the rural development ministry bring in greater transparency and accountability in the implementation of the act as real time data would be available to it. The use of GIS will help capture existing assets (created under MGNREGA) with their location,...

In an attempt to break the deadlock over the Land Acquisition (Amendment) Bill and the accompanying Resettlement and Rehabilitation Bill, finance minister Pranab Mukherjee has invited Trinamool Congress chief and railway minister Mamata Banerjee for talks on October 25. Ms Banerjee, who has strong reservations over the twin pieces of legislation, is, as per Trinamool Congress sources, unlikely to relent. Ms Banerjee’s stand is that the state should have absolutely no...