They move Supreme Court for implementation of reforms Lack of good governance violative of Article 21 (right to life and liberty) Form independent Civil Service Board both at Centre and in States In a rare instance, 83 former bureaucrats including retired Chief Election Commissioners, retired police officers, a former Governor, retired diplomats and retired Chief Secretaries have come together and moved the Supreme Court seeking implementation of the recommendations on administrative reforms. A Bench...

An empirical analysis of the microfinance industry shows that the recommendations of the Malegam committee would have significantly more detrimental consequences than have been anticipated in the report. The microfinance exchange (www.mixmarket.org) is the most comprehensive data source for MFIs across the world. Table 1 displays the information on several parameters of Indian MFI performance for 2009. Column 2 displays the average values of performance parameters across 88 Indian MFIs....

Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...