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...

The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...

The debate on genetically modified crops is gaining momentum again. However, this time, it seems the engineered food is losing ground to traditional crops. Eleven farmers from Andhra Pradesh, Karnataka and Tamil Nadu made a series of submissions explaining the havoc wrought by Bt cotton on their farms. Their main contention was that Bt cotton had not given them economic benefits. As a matter of fact, they had become poorer, their soils had...

State governments will have to abide by stricter rules to receive money from the centre for the rural employment scheme in the next financial year 2011-12. The centrally sponsored Mahatma Gandhi National Rural Employment Guarantee Scheme ( MGNREGA )) has been one of the biggest drivers of rural consumption in the country. Stricter measures of fund release might lead to lower transfer to states at a time when high Interest rates are...

Kerala and Tamil Nadu with the lowest calorie consumption seem to show better health outcome indicators This report, a joint initiative by the MS Swaminathan Research Foundation — an institution with a remarkable long term commitment to issues related to food security — and the United Nations World Food Programme, should serve as an excellent hand book on urban food insecurity. Aside from providing all the relevant information in a consolidated...