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Microfinance: What's wrong with it by M Rajshekhar

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

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Call of the river by Ajoy Ashirwad Mahaprashasta

In 25 years, the Narmada Bachao Andolan has introduced an alternative development discourse in India. ON the full moon night in October, hundreds of people from all over India gathered at Bhilgaon, one of the many tribal villages in Nandurbar district of Maharashtra, in the foothills of the Satpura mountain range and on the banks of the river Narmada. The place resounded with jingles, revolutionary folk songs and strains of...

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Obama visit: Fate of millions of farmers hangs in balance by Devinder Sharma

He came, he spoke, and he got 54,000 jobs. This was on Day One of his India visit. By the time he flies out of New Delhi on November 9, US President Barack Obama would have charmed his way through to force open Indian agriculture to American corporations . And therein hangs the fate of millions of small and marginal farmers. Top on the agenda is the push to make Prime...

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Left parties demand shifting of Posco's project site

Making fresh demand for withdrawal of clearances accorded to Posco's mega steel plant, Left parties today sought shifting of the project from the proposed site near Paradip to any nearby place in Orissa's Jagatsinghpur district. The demand was made before the Union environment minister Jairam Ramesh when a delegation of the Left parties including CPI, CPI(M), Forward Bloc along with RJD and Samajwadi Party, met him at New Delhi. In a joint...

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Law on food security and media support by S Viswanathan

The Director-General of the U.N. Food and Agriculture Organisation, Dr. Jacques Diouf, announced at the Inter-Governmental Committee on World Food Security (CFS) that the combination of global food crisis and economic recession had taken the number of people affected across the world to over one billion. He described the number as “unacceptably high,” higher than in 1996 when the heads of states and governments committed themselves to reducing hunger by...

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