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 International Food Policy Research Institute (IFPRI) recently in New Delhi, India gathered more than 900 participants for an international conference to examine ways that agriculture can enhance the health and nutritional status of poor people in developing worlds. Scholars, Politicians and activists during the conference tried to exploit the nexus between agriculture, nutrition and health. Most people would say that agriculture is for growing food, and on one level, they are...

This book discusses a new poverty agenda for Asia and the role of social policies in economic transformation and reducing poverty. The poverty-reduction agenda is well known. So is the debate over poverty. No one disputes the fact that poverty of income (or expenditure, as countries such as India do not collect household data on income) is an imperfect measure of poverty, as there are non-income dimensions, too. Consequently, we...

Small-scale farmers can double food production within 10 years in critical regions by using ecological methods, a new UN report* shows. Based on an extensive review of the recent scientific literature, the study calls for a fundamental shift towards agroecology as a way to boost food production and improve the situation of the poorest. “To feed 9 billion people in 2050, we urgently need to adopt the most efficient farming techniques...

Bihar chief minister Nitish Kumar recently alleged that Monsanto, the Union environment ministry’s genetic engineering approval committee (GEAC) and the Indian Council of Agricultural Research (ICAR) had colluded to start trials of genetically modified maize in Bihar before clearance from the environment ministry and the state government. The charge is significant: Nitish says ICAR’s experimental farms in Bihar did not maintain the stipulated “isolation distance” from normal farmland, meant to...