The microcredit revolution has been celebrated for helping poor women in developing countries start small businesses. By borrowing money for purchases such as a buffalo or sewing Machine, the women were able to help lift their families out of poverty. But critics say the microcredit model has been perverted by commercial greed in India, with reports of abusive collection methods and sky-high interest rates. "What began as a simple, innovative model...

Economists’ report says tractors are used for just 178 hrs a year and electric motors are overused That Punjab faces an acute labour shortage each paddy season is a known and established fact. But not many know that 48.66 per cent of the total ‘family labour’ — members of a farmer’s family — available for agriculture remains underutilised in the state. A study of the resources employed in Punjab agriculture throws up...

As part of its financial outreach programme in tune with national priority, city-based private sector Karnataka Bank Limited is all set to launch KBL-Empower Biometric smart card  at Babbur in Hiriyur taluk of Chitradurga district on Wednesday. P Jayarama Bhat, managing director of the Bank, will launch the card in the presence of Range Gowda, CEO, Chitradurga ZP who will distribute the card to the beneficiaries. With this, the bank is...

How would you rate the functioning of the RTI Act five years into its enactment? It has been a mixed experience. It is encouraging that we have one of the best laws in the world but its shoddy implementation is taking the sheen away. The two nerve centers of RTI are simplifying the process of filing an application and making the functioning of the Commission effective. The posts of Information Commissioner...

Panchayat elections in Uttar Pradesh have thrown up many curious phenomena. Everyone involved with the panchayat elections in Uttar Pradesh seems to love it. Sons, brothers, sons-in-law of MLAs contesting for seats at the village, tehsil or district levels in vast numbers are happy because the vidhayak mahoday is campaigning on their behalf, making full use of the party Machinery. Wives and daughters-in-law from ‘influential families' are delighted because their family's...