Microcredit lifted 10 million Bangladeshis out of poverty between 1990 and 2008, according to a report. The work of Grameen Bank and others helped many families to raise their income above $1.25 a day, said the US-based Microcredit Summit Campaign. The study follows recent criticism of microfinance, which works by providing small loans to people to invest in generating their own incomes. Some experts argue the report may have missed the bigger picture. They...

Three farmers allegedly committed Suicide following damage to their crop due to frost and extreme cold wave conditions in Chhatarpur and Vidisha districts of Madhya Pradesh. The Suicides were reported last night. Kunjilal Ahirwar (28) ended his life by hanging self himself to a tree in his field at village Pathada in Chhatarpur district, after frost damaged his crop in five acres, his wife Bhagunti Bai said. In another incident,...

Some alarming revelations have surfaced from a new study. A record 2.5 lakh farmers have committed Suicide in India over the last 13 years. Agriculture minister Sharad Pawar's home state Maharashtra tops the list. It has the worst record for the 10th consecutive year. According to The National Crime Records Bureau (NCRB) data, more than 2,16, 000 farmers have committed Suicide since 1997. P Sainath, Rural Affairs editor for ‘The Hindu’,...

A day after being sworn in, Rural Development Minister Vilasrao Deskmukh Thursday said the Supreme Court's observation on his links with moneylenders who harass farmers was an "isolated incident". He also said there was no link between his new portfolio and farmer Suicides in Maharashtra. "One isolated incident cannot be connected with other things," Deshmukh told reporters after taking charge. The court last month had raised questions on the former Maharashtra...

“Government callous to plight of people groaning under spiralling prices of food items” Nine political parties, including four Left parties, on Thursday announced a week-long nationwide agitation against price rise. The United Progressive Alliance government was callous to the plight of people groaning under spiralling prices of food items, they alleged. “We have decided to jointly conduct a week-long agitation against the price rise from February 3 to 9. During the...