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 anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...

Three lives have been lost while several others had a narrow escape in fireaccidents that have so far claimed 16 night shelters between last year and now. In the latest incident, a night shelter was destroyed in a fire early on Saturday morning leaving a nine-year-old girl charred to death. Worse still, like every year, the state government is scrambling to put in place a winter plan for the city's...

How do you quantify happiness in a diverse nation like ours? Growth levels, value-based structural changes, what can affect it? Life is Elsewhere?     Bhutan’s GNH: Based on the Buddhist doctrine of harmony with environment and fellow beings besides material comfort     UNDP Human Development Report: Ranks nations on quality of life—adjusted real income, life expectancy, education etc     World Values Survey: Started in 1995, it explores impact of social and political changes...

Sehal Sagar village in Rajasthan has won the national water award instituted by the water resources ministry Nestled in Rajasthan’s bone-dry Tonk district, Sehal Sagar village boasts of lush green fields, wells full to the brim and healthy cattle. The surprise transformation has been possible because the village follows rainwater harvesting and develops its pasture land. Sehal Sagar has an elaborate network of ponds, canals and chaukas which ensure that every drop...