Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...
More »SEARCH RESULT
Total Matching Records found : 2230
Wayanad tribals are soft targets for sterilisation by Shahina KK
JANAKI KNOWS well that it is hard for her to rear more than four children. Yet she is not willing to go to the sterilisation camp. Her husband would be of no help in taking such a decision. “He drinks heavily, beats me up every day,” she says. Janaki is not able to express her fears in clear terms, but it is difficult to imagine her summoning up the courage...
More »PM’s panel splits hairs, misses the elephants on food security by Biraj Patnaik
The report of the Rangarajan Committee scrutinizing proposals of the National Advisory Council for the National Food Security Bill makes for a very instructive read. It's official now: UPA II is on a death wish, and it could not have been articulated better. The alacrity with which the prime minister set up this committee (remember, he could not find time in three years to convene the nutrition council he chairs)...
More »Diluting the Right to Food by CP Chandrasekhar
The promise made by UPA II that it will ensure food security for Indians through legislation that guarantees the Right to Food seems, in its view, to have been an error. In a multi-stage process that reflects the pulls and pressures within the policy-making elite, the Food Security Bill has been diluted so much that it marks a reversal rather than an advance compared to the status quo. Let us...
More »Prime Minister, Sonia promise more MGNREGS reforms by K Balchand
Prime Minister Manmohan Singh and United Progressive Alliance chairperson Sonia Gandhi have promised to usher in more reforms in the scheme under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and increase the number of days of job guaranteed to Below the Poverty Line households. Speaking at a function here to mark the completion of the fifth year of MGNREGS, Dr. Singh promised to reform the delivery mechanism for the...
More »
