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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Posco's Orissa project lands in fresh trouble
The Rs 51,000-crore Posco steel project in Orissa, that has been delayed for five years, faces the prospect of getting delayed further. The ministry of tribal affairs is now looking at the possibility of whether the South Korean steel project, which also represents the largest foreign direct investment (FDI) in India so far, has actually encroached into the land owned by tribals. The Union ministry of environment and forest (MoEF) has...
More »Panchayat polls: Unusual candidates try their luck by Maulshree Seth
Panchayat elections in Uttar Pradesh this time have seen unusual candidates jumping into the fray. There are teachers, shopkeepers, businessmen, relatives of politicians and even wives of BSP ministers. Some of them took leave from their normal work and some even sold their properties to take part in the polls. All claim they want to serve their village, block or district, but it is alleged that the lure of money pouring...
More »Slain RTI activist’s aides take his fight to political battlefield
Kodinar, where slain activist Amit Jethava led a campaign to create awareness about the Right to Information (RTI), this powerful democratic tool and its use has become an agenda against the BJP in the local body elections slated for October 21. Jethava’s two close aides, who say they also had to face the wrath of the rich and powerful for exposing corruption in the system, are in the fray for the...
More »Business Class Rises in Ashes of Caste System by Lydia Polgreen
Chezi K. Ganesan looks every inch the high-tech entrepreneur, dressed in the Silicon Valley uniform of denim shirt and khaki trousers, slick smartphone close at hand. He splits his time between San Jose and this booming coastal metropolis, running his $6 million a year computer chip-making company. His family has come a long way. His grandfather was not allowed to enter Hindu temples, or even to stand too close to upper-caste...
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