Amidst hue and cry over micro-finance institutions (MFIs) charging the rural poor exorbitant interest rates, Reserve Bank of India norms continue to allow these entities a free hand in determining their charges. The banks lending to MFIs too continue to have full discretion in fixing their rate of interest. RBI has issued a latest master circular reiterating its earlier stand on micro-credit on February 14. Master circulars are like ready-reckoners on...

After increasing slowly and steadily from historic lows, world rice prices tripled in just six months during 2007-08. The price surge caused much anxiety because so many of the world’s poor are rice consumers. And it caught many by surprise as market fundamentals were sound. Indeed, it was government policies, rather than changes in the production and consumption of rice, that drove the surge. This suggests that improved government policies...

At least 10 RTI applicants have been killed over the past two years, with many others facing threats in their bid to expose corruption On a Republic Day when India celebrated 61 years of justice, equality and liberty, Amar Nath Pandey says he encountered the darkest moment of his life. In late evening on 26 January, a lone assailant leaped from the folds of darkness in the street outside his house in...

In 2-3 years after implementation, money generation was seen Melaneelithanallur village in Tirunelveli district is bone dry most of the year. Lack of water for crops over the years turned the soil into dry wastelands, considered unfit for use. “Until a few years ago, almost all the farmers in the region wallowed in debt and poverty. Many households lacked even proper metal utensils for cooking as the inhabitants used to pawn...

IN A small village north-west of Bangalore, peasants queue for identities. Each man fills in a form with his name and rough date of birth, or gets someone who can read to do it for him. He places his fingertips on one scanner and stares at another. A photograph of his face is snapped. These images are uploaded to a computer. Within a few weeks he will have an identity...