Kiran Bedi, one of the most vocal members of Team Anna, who riled Members of Parliament with her Ramlila ghoonghat act, may herself have some explaining to do. The issue: the inflated travel expenses she has been charging NGOs and institutions which invite her for seminars or meetings.   Records of bills, invoices and copies of cheques with The Indian Express show that Bedi, who is entitled to a rebate on Air...

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...

This is a unique situation. For governments, development authorities, lenders and borrowers alike. On Wednesday, a Supreme Court (SC) Bench headed by Justice GS Singhvi upheld a verdict of the Allahabad High Court that quashed acquisition of 176 hectares of land from farmers in Greater Noida stating that the authorities were “sub-serving” private builders in the name of public interest. Land purchased from the government was always considered ‘clean’. This verdict,...

Everything is in short supply here, especially hope. There was a flicker of it, though, when on April 30 Prime Minister Manmohan Singhcame here with Rahul Gandhi. Maybe the people were expecting a miracle, an end to the misery created by season after season of bad crops and the resultant rising debt. Their hope proved to be short-lived. Since then, nine farmers have killed themselves in Banda district alone, the...

-The Hindu   Madurai has been chosen as one among eight districts in the country by National Bank for Agriculture and Rural Development (NABARD) for implementing a micro pension project for the rural poor. As part of the launch preparations, a stakeholders' workshop was held here on Monday. Representatives of State Bank of India (SBI), Indian Bank, Canara Bank, Indian Overseas Bank (IOB), Tamilnad Merchantile Bank (TMB), Union Bank of India (UBI), Pandyan...