Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...
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No Bundle Packs Here by Anuradha Raman
Farmer suicides are endemic, who knew? Chances are no one’s heard about Azad’s death in Bachlapur village though Lalitpur, where the Congress, the BSP and the SP are in a battle for votes, is only 15 km away. Farmer suicides aren’t an election plank and parties prefer trading corruption charges. Rahul Gandhi’s much-touted Bundelkhand development authority proposal remains just that. More than 500 committed suicide in the Bundelkhand region last...
More »Police train Bihar tribals to fight Maoists by Prabhakar Kumar
-IBN In the densely forested Kaimur hills in Rohtas, villagers are now the Bihar Police's first line of defence against Maoists. The tribals in Rohtas district in Bihar who till yesterday didn't know much beyond sowing fields or grazing cattle are now being taught to pick up guns and shoot. The police are providing soft Loans to the tribals to help them procure weapons and also training them to shoot for...
More »West Bengal being blind to farmer suicides: Karat by Shiv Sahay Singh
Farmers unable to bear the costs of agricultural inputs: Buddhadeb Bhattacharjee Charging the Trinamool Congress-led government with failing to admit the prevalence of farmers' suicides in the State, Prakash Karat, general secretary of the Communist Party of India (Marxist) said here on Sunday that such suicides were “not seen or heard of” when the Left Front was in power for 34 years. “The government is not ready to accept that the farmers...
More »JNNURM, farmers’ loan waiver scheme under CAG lens by Pradeep Thakur
The Comptroller and Auditor General (CAG) is giving final touches to two reports where it has pointed out anomalies in allocation of funds under the centrally-runJNNURM scheme and UPA government's debt waiver to farmers in 2008, something the opposition may use as a stick to beat the government during the budget session. In the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), the CAG, sources said, is reviewing how central funds were...
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