Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

CHANDRAWAL, India—Satbir Sharma's wife is dead. His family lives in fear. His father's left leg is shattered, leaving him on crutches for life.   Sharma's only hope lies in a new law that gives him the right to know what is happening in the investigation of his wife's death. Most of all, he wants to know what will happen to the village mayor, now in jail on murder charges. He talks quietly, under...

-EPW   With laws like the AFSPA, when will truth and justice prevail in Jammu and Kashmir? Like all Jammu and Kashmir (J&K) chief ministers after the dreadful years of president’s rule from 1990 to 1996, Omar Abdullah too stands discredited, especially in the wake of the 2010 uprising of the “stone pelters” which was later brutally suppres­sed. A widely held opinion in the Kashmir Valley is that the chief minister, whether of...

A high-level team of doctors and scientists today visited the paediatrics ward of Anugrah Narayan Medical College and Hospital (ANMCH) in Gaya and scanned the case records of children suspected to be suffering from Japanese and acute encephalitis. Its members also inspected the treatment methods on the concluding day of their three-day investigation. The team of members from Delhi, Pune and Patna was in Gaya to carry out on-the-spot study of...

New drug pricing policy proposes bringing all essential medicines under price control, but makes them expensive After years of dilly-dallying and several Supreme Court reminders, the Centre has proposed to bring all essential drugs under price control. But the policy is nothing but hogwash. Its pricing mechanism would make essential medicines out of reach for most people. Public health experts have termed the draft National Pharmaceutical Pricing Policy of 2011 a...