After months of debating the issue and seeking the law ministry's opinion, the HRD ministry on Tuesday finally issued guidelines about screening of children at the time of admission under the Right to Education Act. HRD minister Kapil Sibal said, "We have taken the law ministry's clearance to issue the guidelines on screening. The RTE Act will be amended later. Had we gone in for an amendment on screening now admissions...

MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has...

The recent crisis in the micro-finance industry, brought about by some incidents in Andhra Pradesh, has led to the development of a new concept in the Indian thinking on development — that of “responsible finance”. Responsible finance is supposed to mean financial activities by companies that make just about enough returns to stay in business and charge rates of interest on loans to the poor that are only marginally higher than what...

SKS Microfinance, the largest microfinance institution (MFI) in India, on Friday said that its balance sheet was healthy and did not resort to any emergency funding, as Orissa, following Andhra Pradesh, said it would look into the MFI's business processes in the state. It also said, through a release, that it was confident that "the regulation will actually strengthen the industry and benefit well funded, ethical lenders like SKS." The release...

The government must stop dilly-dallying over the project and apply the law regardless of the fact that it is India's single largest foreign investment proposal. TWO giant metallurgical projects, both in Orissa. Both promoted by big multinational corporations with tremendous influence. Both opposed by environmental and tribal rights activists because they would displace vulnerable people and destroy fragile ecosystems. Both backed strongly by State-level and national lobbies that claim they...