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Why microfinance is not half the villain it seems to be by R Jagannathan

A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...

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CAG slams 25 top Delhi's private schools by Akshaya Mukul

Delhi's private schools had complained that they were reeling under the burden of having to pay teachers higher salaries recommended by the 6th Pay Commission. A report by the Comptroller and Auditor General (CAG), however, said they used the Pay Commission as an alibi to fatten themselves. In a damning indictment, the auditor held that 25 elite private schools passed on the burden of implementing the recommendations of the 6th Pay...

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Lethal impact by R Krishnakumar

The issues relating to the victims of endosulfan, sprayed in the plantations of Kasargod district in Kerala, have snowballed once again. “Earthworms emerged from the soil, and, subsequently, died. Then birds came to eat the earthworms and they died as well.”   “Some termites were killed in a cotton farm sprayed with endosulfan. A frog fed on the dead termites, and was immobilised a few minutes later. An owl which flew over...

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Govt plans microfinance regulatory bill

The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive Loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday. The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt. “The Department of Financial Services proposes to introduce the Micro Finance (Development...

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Package for Endosulfan victims

Kerala Chief Minister V.S. Achuthanandan on Tuesday announced a comprehensive package for relief and remediation of victims of the Endosulfan pesticide in the State. The package includes higher pensions, special education, housing, drinking water supply, rehabilitation, training and employment. Debt relief to the victims' families would also be considered. Mr. Achuthanandan made the announcement after a conference of officials, people's representatives and non-governmental organisations convened to discuss the plight of...

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