Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

The return of peace and normalcy in Kashmir is a reality. And to ensure a durable and lasting peace, a humane approach to handle the law and order situation may be required. In a vibrant, democratic country, authoritarian ways of suppressing people’s voices prove to be counterproductive. It may be recalled that the law and order situation in Kashmir worsened in the aftermath of unfair and rigged assembly elections of 1987,...

The internal documents of the CAG present a different picture to the one presented by PAC’s chairman Murli Manohar Joshi The chairman of the Public Accounts Committee (PAC) tried repeatedly to get the government’s auditor to share with him details of its audit of the controversial allocation of second-generation telecom spectrum in 2008 (known as the 2G scam), according to documents reviewed by Mint. The internal documents of the Comptroller and Auditor...

-Rediff.com   A former Delhi chief secretary and currently Delhi's public grievance commission chairman has warned the prime minister not to strangle the 'doers' in the bureaucracy and paralyse the government while the 'non-doers' go scot free in the euphoria over ushering in a strong anti-corruption ombudsman.  In an appeal that echoes concern of all senior bureaucrats, Ramesh Narayanaswami sought Dr Manmohan Singh's urgent intervention to ensure the best safeguards possible in the...

Bill has provision for free meals, besides an allowance of Rs 6,000 to all pregnant women. Ahead of assembly elections in seven states next year, the United Progressive Alliance (UPA) government is planning a big push towards its social security agenda. For, its Cabinet note on Food Security Bill has incorporated a provision for free meals, besides a monthly allowance of Rs 1,000 for six months to all pregnant women and...