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...

While the Maharashtra government must be relieved that Swabhimani Shetkari Sanghatana leader and Kolhapur MP Raju Shetty ended his five-day fast in Baramati on Saturday, after it agreed to a sugarcane procurement price hike, many wonder why the same state ignores the plight of its cotton farmers. In the same duration that Shetty sat on a fast 22 debt-ridden, Vidarbha cotton farmers committed suicide. One of these, Rajendra Lahiti of Dhamangaon,...

Tamil Nadu has stopped using banks to pay workers employed under the National Rural Employment Guarantee Scheme (NREGS), turning the clock back on the programme that was expected to eliminate layers of middlemen in reaching money to the poor. Rural development ministry officials at the Centre confirmed the development, but termed it “a temporary setback”. However, Tamil Nadu is not alone. Andhra Pradesh too has asked some of its poorest...

-The Indian Express   West Bengal Chief Minister Mamata Banerjee has not adapted well from a life in opposition to being the head of her state’s government. Yet even by her standards, and those of the hollowed-out administrative machinery of the state now in her care, her recent actions have been shocking. On Monday, a religious procession passed through a section of south Kolkata dotted by hospitals, including one for cancer patients...

Kiran Bedi, one of the most vocal members of Team Anna, who riled Members of Parliament with her Ramlila ghoonghat act, may herself have some explaining to do. The issue: the inflated travel expenses she has been charging NGOs and institutions which invite her for seminars or meetings.   Records of bills, invoices and copies of cheques with The Indian Express show that Bedi, who is entitled to a rebate on Air...