Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

The anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...

The Assam government has failed to utilise central funds meant for granting scholarships to minority students, prompting Delhi to ask Dispur to either come up with a transparent procedure or drop the scheme altogether. A long-winding process has apparently delayed the scholarships in Assam, though the Centre has sanctioned funds for the scheme for the past three financial years. A source told The Telegraph that the adviser to the Prime Minister, T.K.A....

How do you quantify happiness in a diverse nation like ours? Growth levels, value-based structural changes, what can affect it? Life is Elsewhere?     Bhutan’s GNH: Based on the Buddhist doctrine of harmony with environment and fellow beings besides material comfort     UNDP Human Development Report: Ranks nations on quality of life—adjusted real income, life expectancy, education etc     World Values Survey: Started in 1995, it explores impact of social and political changes...

Health is a state of mental, social and physical well-being and not merely an absence of disease or infirmity. To achieve this noble objective, India requires health care professionals who are trained in institutions with standardised infrastructure, and the availability of accessible and equitable health care for both the rural and urban populace. Recently, the health sector has been in the news — from the creation of a rural based...