MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...

The protest leader Anna Hazare appeared to strike a deal with the police early Thursday morning that would enable him to leave a local jail and begin staging a hunger strike against corruption later in the day, according to a close aide and reports in the Indian news media. One of Mr. Hazare’s aides, Kiran Bedi, announced via Twitter that Mr. Hazare had accepted a police offer to limit any...

Rattled by swelling political and public anger at the preventive arrest of activist Anna Hazare, the UPA government backtracked late this evening and announced his release to a street sensed of victory against a shaken ruling establishment. But signs that the panicked U-turn will bring the beleaguered government little relief were immediately visible as Hazare refused to leave Tihar Jail, demanding that he be guaranteed permission to fast at central Delhi’s...

Anna Hazare's so-called "second freedom struggle" raises questions, one, about how long the protests can be sustained, and, two, on the merits of the protesters' demands and methods. But before that, Team Anna should be given credit for reviving long-somnolent mass politics in this country, something beyond the Opposition that has been reduced to activism on the idiot box. It shows how much anti-government political space had been abandoned by the...

Why we are doing this story     * Tribal lands are under pressure across India. In Orissa, they have been holding out against big corporates like Vedanta and Posco. *** From afar, the fumes rising from factory chimneys in Gujarat’s industrial belt make them seem like skyscrapers on fire. It’s a grey rust-and-chemicals stretch that they call, without irony, the Golden Corridor. It extends all the way from the north of Ahmedabad, through...