On December 15, the Andhra Pradesh legislative assembly cleared a bill to regulate microfinance institutions (MFIs) in the state. The bill replaces an ordinance issued in October following 54 suicide deaths allegedly due to coercive methods of loan recovery by MFIs (see ‘Death by Default’, Down to Earth, November 30, 2010). The bill mandates MFIs to be registered with the district authority to collect installments at the panchayat office and restricts...
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Jaitapur N-project site earthquake prone: TISS
An impact assessment report by Tata Institute of Social Sciences (TISS) here has come down heavily on the proposed nuclear power plant at Jaitapur in Ratnagiri district of Maharashtra stating that the project will have a “huge negative impact on social and environment development” as it is sitting on a high to moderate severity earthquake zone. The TISS findings in Perception Matter- People’s Report- Social Impact Assessment of Jaitapur Madban Nuclear...
More »Why microfinance is not half the villain it seems to be by R Jagannathan
A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...
More »Future of mining in India by Rajiv Kumar
There is clearly a direct trade-off between exploitation of natural resources and conservation of environment and human habitat . In the past, due to lower environment consciousness, the trade-off was always decided in favour of exploitation. This is deplorable. Yet, environmental fundamentalism can also exact a high cost that will prevent a number of people to remain without access to basic necessities of life. This apparently intractable trade-off has to be resolved....
More »Lethal impact by R Krishnakumar
The issues relating to the victims of endosulfan, sprayed in the plantations of Kasargod district in Kerala, have snowballed once again. “Earthworms emerged from the soil, and, subsequently, died. Then birds came to eat the earthworms and they died as well.” “Some termites were killed in a cotton farm sprayed with endosulfan. A frog fed on the dead termites, and was immobilised a few minutes later. An owl which flew over...
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