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,...

Conservation measures have taken away the traditional livelihoods of nomadic tribes in Karnataka. AT a short distance from the world famous monuments at Hampi is the village of Hulihaidar in the fertile region of the “rice bowl of Karnataka” in Gangavathi taluk in Koppal district. Local residents say it was an important town in the Vijayanagara empire (1336-1646 C.E.) and the seat of a local lord. Today it is home to...

Historians tell us of the colonial era stories of miserable conditions of workers, even bonded labour, in tea plantations of eastern India. However, the situation improved after independence. In the past few decades the tea industry has made steady profits even in worst years of economic downturn. And that is why reports of starvation deaths in tea plantations of Assam are so shocking. An Asian Human Rights Commission (AHRC) report says that...

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...

-The Economic Times With roughly three years left for India to achieve the Millennium Development Goals (MDGs), the country has managed to show significant progress in 10 of the 22 indicators.  With impressive gains in improving primary education enrollment rate, promoting gender equality and increasing forest cover, the country's lackluster performance in reducing overall poverty and health indicators has dragged down the performance of the overall South Asian region.  The millennium development goals...