It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world's most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small loans to poor people with no access to traditional banking services, has come under scrutiny after a spate of suicides in the Indian province of Andhra Pradesh was linked...
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Dark side of giving: The rise of philanthro-capitalism by Naren Karunakaran
A few years ago, Paul Kagame, president of Rwanda, had a chance meeting with Som Pal, former member of the Planning Commission and earlier minister of state for agriculture, and was bowled over by his sage-like views on developmental issues. The president promptly invited Som Pal to his blighted country to suggest policy measures to get out of a developmental quagmire. Som Pal travelled to Rwanda; he was hosted at...
More »Aruna Roy, Magsaysay award winner and former bureaucrat interviewed by Danish Raza
Aruna Roy, a Magsaysay award winner former bureaucrat, was closely involved in the drafting of the Right to Information (RTI) Act. As a member of the UPA's National Advisory Council (NAC), among other things, she has been conveying to the government the views of civil society on the proposed changes in the transparency act. On the sidelines of 3rd national convention of National Campaign for People’s Right to Information, held...
More »India-Africa partnership to fight dryland poverty
The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) today announced the formation of ICRISAT South-South Initiative (IS-SI) to boost India-Africa partnership on agriculture research aimed at tackling poverty in drylands. Dr Nigel Poole, Chairman of ICRISAT Governing Board, in a statement said IS-SI will build upon ICRISAT's strong India-Africa partnership to scale up its role as the driver of prosperity and economic opportunities in the dryland tropics. Addressing participants of...
More »World's poorest workers fall further behind: Study
Scavengers, street vendors and other informal workers are falling further behind as the global economy recovers, amid rising competition from hordes of new working poor , a study released Wednesday said. A survey of people struggling in the so-called "informal job sector" in nine Asian, African and Latin American countries found they had largely missed out on the benefits of the rebound from the 2008 financial crisis. "Incomes have risen for some...
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