A day after being sworn in, Rural Development Minister Vilasrao Deskmukh Thursday said the Supreme Court's observation on his links with moneylenders who harass farmers was an "isolated incident". He also said there was no link between his new portfolio and farmer suicides in Maharashtra. "One isolated incident cannot be connected with other things," Deshmukh told reporters after taking charge. The court last month had raised questions on the former Maharashtra...
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Bangladesh announces probe into Grameen Bank by Anbarasan Ethirajan
The Bangladeshi government has ordered an investigation into the Grameen Bank of Nobel Peace laureate Muhammad Yunus. The move follows recent allegations that nearly $100m (£64m) of Norwegian aid was wrongly transferred from the bank to other parts of Grameen. The bank strongly denied the allegations and Norway said last month that there were "no more unanswered questions" into them. The head of the probe said it would "impartially investigate" the claims. A spokesman...
More »Microlenders, Honored With Nobel, Are Struggling by Vikas Bajaj
Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...
More »Enemies of the state? by G Vishnu
In the end, Gangula Tadangi succumbed to tuberculosis. The Kondh Adivasi’s life could have been saved if he had made it to the hospital on time. But he was in judicial custody at Koraput district jail in southern Odisha for allegedly “waging war against the Indian State”. During his last moments, Tadangi, 25, is said to have whispered something in Kondh. But nobody could make out anything because no one...
More »Enemies of the state by G Vishnu
In the end, Gangula Tadangi succumbed to tuberculosis. The Kondh Adivasi’s life could have been saved if he had made it to the hospital on time. But he was in judicial custody at Koraput district jail in southern Odisha for allegedly “waging war against the Indian State”. During his last moments, Tadangi, 25, is said to have whispered something in Kondh. But nobody could make out anything because no one...
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