Neither celebrity nor politician, Sita Murmu, is extraordinary because she is the great survivor of that `other India'. She is not a beneficiary of the job guarantee scheme MGNREGA and doesn't have a BPL card. In her 60s, she lives in a Bhubaneswar slum and describes herself as a tribal widow without any land, regular income or schooling but "surviving —that itself is enough". Railing at the false promises of...

The “paid news syndrome” in the media should be resisted as part of a larger struggle for democratic rights because corruption in the media directly affects the health of democracy. The struggle has to be waged in the context of media's corporatisation, monopolistic trends and structural decline. These views emerged at a day-long seminar on “Abridging Freedom and Fairness of the Media: Combating Challenges,” organised by the Rajasthan Working Journalists' Union,...

We are a cash-rich company run by professionals,” says a smarmy 30-something Mumbai-based head of a leading real estate company. His company’s exponential growth in the span of just five years has raised eyebrows in industry and banking circles. The reasons are clear. The company is known to have tremendous clout in the corridors of power and with the builders’ lobby. It is backed by several important politicians in Mumbai and...

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...