A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...

It was bad enough that the National Advisory Council in its recommendation of October 2010 proposed a food security Bill that diluted the principle of a universal right to food. It is appalling now that the C. Rangarajan Committee seeks to truncate that proposal, and legally establish a narrowly targeted public distribution system on the grounds of feasibility. Their argument is a false argument for more reasons than one. First,...

Responding to the lack of computer training in Mukteshwar’s schools, Veena Sethi, a retired Delhi University professor, set up two used personal computers in the basement of her home with the aim of bringing the basics of computing to school children. "There were no libraries, no laboratories and no computer classes. In fact, most of the schools in Mukteshwar [which is in the Nainital district of northern Uttarakhand state] had no...

In a new year bonanza, about 5.92 lakh government school students in Karnataka would get a cash dole of Rs 2,250 each for purchase of bicycles during 2010-11 academic year under a welfare scheme. Citing its own delay in finalising the process of issue of tenders for procuring the bicycles under the two-year old scheme, the state cabinet chaired by Chief Minister B S Yeddyurappa today decided to extend Rs 2,250...

The only economic or social variable that has not moved since 1991 in India is our 93% informal employment in the informal sector. So, while we have smartly and substantially moved the needle on everything from foreign exchange reserves, infant mortality, school enrolment, market capitalisation, foreign investment, and pregnancy deaths, 9 out of 10 of our workers do not work in organised employment. Informal employment—what President Alan Garcia of Peru...