Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...

The government may soon have to shell out an Unemployment Allowance if it fails to provide jobs to wage seekers under the flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). “The MGNREGA software will automatically generate the pay order for payment of unemployment allowance to the wage seekers, whose demand for work is not met within 15 days,” said a report of a high-level committee chaired by Plan panel member...

Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...

Tribals who are opposed to the proposed tiger reserve in Kawal wildlife sanctuaryin Adilabad district have decided to move court to seek protection of their Adivasi rights. Interestingly, there is no confirmation of the presence of tigers in the sanctuary although officials claim that the forest has seven big cats.  Sources said that the movement of the tigers has not been recorded by cameras in the forest. An expert recently came...

If India is an aspiring society, education is perhaps the quickest vehicle of social mobility. Right to Education (RTE) is a supplyside intervention by the government that will make education cheaper and, in the process, every child will get a chance to be educated. But an approach that focuses on availability of schools, getting children to the classroom and getting them taught by reasonably well-trained teachers is not enough. Retention...