The Bangladeshi government has ordered an investigation into the Grameen Bank of Nobel Peace laureate Muhammad Yunus. The move follows recent allegations that nearly $100m (£64m) of Norwegian aid was wrongly transferred from the bank to other parts of Grameen. The bank strongly denied the allegations and Norway said last month that there were "no more unanswered questions" into them. The head of the probe said it would "impartially investigate" the claims. A spokesman...
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Microlenders, Honored With Nobel, Are Struggling by Vikas Bajaj
Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...
More »Activists, journalists protest arrest of Dhawle by Vinaya Deshpande
A day after the arrest of the Mumbai-based Dalit activist and editor of Vidrohi magazine, Sudhir Dhawle (42), by the Gondia police in Wardha on charges of waging a war against the State, more than 150 human rights activists, social activists, writers and journalists protested here on Tuesday against the detention. Mr. Dhawle, also a freelance journalist, was arrested on charges of having links with the banned Communist Party of India...
More »Paranjoy Guha Thakurta, journalist interviewed by Krishnakumar Padmanabhan
Hidden behind all the administrative scandals that rocked India in 2010, illegal mining is an unnoticed beast that has been eating into the country's soul. While corruption in spectrum allocation and the conduct of the Commonwealth Games are primarily about monetary loot, illegal mining is about invaluable non-renewable natural resources. In at least five major states, there were more than 20,000 complaints of illegal mining filed, but the perpetrators carried on with...
More »Karat backs GM line by JP Yadav
CPM general secretary Prakash Karat today backed politburo member S. Ramachandran Pillai on genetically modified crops, saying his remarks were in line with the party’s views. “What he has said is the understanding of the party. He (SRP) also explained why we are opposed to Bt cotton and Bt brinjal,” Karat told The Telegraph. Pillai told a seminar in Kerala that “it is superstitious to completely oppose” genetically modified seeds, a shift...
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