It is difficult to predict what denouement the spat between the Sheikh Hasina-led Bangladesh Government and Mohammed Yunus, the Noble Laureate, would ultimately reach but it has undoubtedly brought to the fore many pitfalls of the micro-credit system which has so far been hailed as a panacea for poverty alleviation not just in the Third World countries but in many developed nations too. It may be a bit unfair to...

U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...

The world population is estimated to reach nine billion by 2050. The Food and Agriculture Organisation (FAO) estimates that global food production needs to increase 70 per cent by 2050 compared to average 2005-07 levels to feed the rising global population. Clearly, a large part of the consumption will happen in India and China; which would require an additional 1.6 billion hectares of land to be brought into cultivation compared to...

An evaluation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the State has found several shortcomings in the implementation including corruption, inefficiency and lack of awareness about the programme. The draft of the evaluation, conducted by two researchers of the National Institute for Advanced Studies (NIAS) has found that while the rules stipulate that each worker entitled to get 100 days of employment under the scheme should have...

At a time when there are reports of gross irregularities committed in the implementation of schemes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in the state, a success of the scheme has drawn the attention of many. With the district experiencing scanty rainfall for the last three years, farmers at Hanhat panchayat of Kairo block were hardly getting any paddy to fulfil their annual requirement. But a MGNREGA...