The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...

If the political system were clean and non-corrupt, the poor and downtrodden including Dalits would get all benefits fully and their living standard would automatically go up, said Prakash Yashwant Ambedkar, grandson of B.R. Ambedkar. He was addressing a district-level meeting of India Kudiyarsu Katchi held here on Sunday evening. The country have enough resources and component for Adi Dravida welfare in the State was around Rs.1,700 crore. If the government...

‘For the Indian media, the key question is one of covering mass deprivation' Time to rediscover concept of freedom of press in Marxist terms: Sashi Kumar N. Ram, Editor-in-Chief of The Hindu, has called for “bold and radical” ways to check the ethical failings of the media. Inaugurating a seminar ‘Whither Media,' organised as part of the three-day Third International Congress on Kerala Studies, which concluded here on Monday, Mr. Ram said that...

Safai karmacharis are set to end their two-decade-long movement for a life of dignity on a victorious note. DECEMBER 31, 2010. As revellers across the world prepare to celebrate the end of the first decade of the new millennium and the start of a new year, a million women across India will be celebrating not the end of a calendar year but the end of a centuries-old degrading and inhuman...

In a gesture to the growing public disenchantment over scams and corruption in public life, Prime Minister Manmohan Singh's New Year resolutions for 2011 include “cleansing” the country's governing processes. Wishing all Indians a happy New Year, Dr. Singh said in a brief statement that it was time to take stock of the year gone by and make a new beginning. “Let us dispel the air of despondency and cynicism. We...