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The failure of a hopeful idea

-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...

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A bad return on investment

-Live Mint   As United Progressive Alliance chairperson Sonia Gandhi prepares to intervene next week in the great national debate about who is poor, she might want to visit north-eastern Mumbai to see how the poorest are not even classified as such and how a giant government scheme to save their children from malnutrition is failing. The nauseating stench from a mountain of garbage greets a visitor to Rafi Nagar at the base...

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The Inconvenient Truth Of Soni Sori by Shoma Chaudhury

Why were two tribals and the Essar group framed by the Chhattisgarh police? Why are Soni Sori and Linga Kodopi being systematically silenced? This chilling story of one family reveals more about India's Naxal crisis than any official document can. AS I sit to write this, at 12.20 pm on 4 October 2011, an SMS pops up on my phone: “Soni Sori has been arrested by the Delhi Crime Branch.” The...

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From Tirupati to Pashupati? by Jairam Ramesh

The media imagery of a “liberated” Red corridor extending from Andhra Pradesh, cutting across the heart of India, all the way to Nepal is the most vivid representation of the threat that Maoists pose to our country. The Prime Minister describes the Maoists as India's most serious internal security challenge and the Home Minister rates it as a “problem graver than terrorism.” In search of an effective response, official committees have,...

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India trails in women's survival: World Bank

-The Business Standard   Young women in India are much better off than their mothers, but they fare much worse than their counterparts in many developing countries when it comes to the physical survival rate of women and participation in labour force, says a report by the World Bank. The World Development Report titled ‘Gender Equality and Development’ looks at gender inequality as not just a moral but also an economic issue. The report...

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