It is difficult to predict what denouement the spat between the Sheikh Hasina-led Bangladesh Government and Mohammed Yunus, the Noble Laureate, would ultimately reach but it has undoubtedly brought to the fore many pitfalls of the micro-credit system which has so far been hailed as a panacea for poverty alleviation not just in the Third World countries but in many developed nations too. It may be a bit unfair to...
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Have-nots know little, haves do little by Masoom Gupte & Shivani Shinde
Amid technical and infrastructural constraints, Maharashtra has rolled out 1.2 million Aadhaars, but the beneficiaries have been able to make little use of these numbers Ashok Bhil, a 25-year-old graduate from Navalpur, 7 Km from Tembhli, is disappointed with the way the Unique Identification Authority of India (UIDAI) is rolling out Aadhaar in Maharashtra. Last September, the United Progressive Alliance (UPA) government chose Tembhli, a small village in the predominantly tribal Nandurbar...
More »Govt approves Rs 5,000 cr working capital loan for FCI
The government on Tuesday approved a short-term loan of Rs 5,000 crore for Food Corporation of India (FCI), which will help the organisation meet its working capital requirements this fiscal. The proposal was cleared in the meeting of the Cabinet Committee on Economic Affairs (CCEA) held here. "The CCEA today approved a short-term loan of Rs 5,000 crore to the FCI for 2010-11," an official statement said. FCI, the nodal agency for...
More »India only 4th most corrupt in Asia Pacific
India finds itself bracketed with countries like Philippines and Cambodia, rated as the fourth most corrupt nation among 16 countries of the Asia Pacific region surveyed by leading Hong Kong-based business consultancy firm PERC. The Political and Economic Risk Consultancy Ltd (PERC) rated India at 8.67 on a scale of zero to 10 with the high end being the worst case of corruption scenario and ahead of the Philippines (8.9 points),...
More »Experts warn Africa must learn from India's microfinance problems by Teo Kermeliotis
It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world's most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small Loans to poor people with no access to traditional banking services, has come under scrutiny after a spate of suicides in the Indian province of Andhra Pradesh was linked...
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