The people are showing who the boss is. The weapon in their hands is the internet, which, in the last five days, has seen frantic activism against "power brokering" by journalists in collusion with corporate groups and top government politicians. It all began with the publication of sensational tapes related to the 2G spectrum scam by two magazines over the weekend. Two high-profile journalists, Barkha Dutt and Vir Sanghvi, whose names...

Sonia Gandhi visited a farmer widow's house in August 2004, soon after the UPA came to power. However, this visit did not bring as much change in her life as Rahul Gandhi's visit on July 18, 2008, to Kalawati's house. In fact, the damaged canal that led to the suicide by Ranjana Deshmukh's husband has still not been repaired. The struggles of Kalawati of Yavatmal and Ranjana Deshmukh of Wardha, both...

Fifty thousand jobs? The U.S. economy has lost that many every week, on average, for a straight 140 weeks since December 2007. Now that the media's gush and drool over the Obama visit has run dry — thanks to other far more interesting events — it might be worth looking at a couple of ‘outcomes' that much of our media seemed pretty taken with.‘Twenty deals worth 10 billion dollars that create...

The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...

Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microfinance, the business of providing the poor with loans, as small as R5,000, secured not with...