The SKS IPO and the Andhra Pradesh ordinance have suddenly changed everything. Will it be the death knell or will it usher in a reformed and healthy industry? There are three basic facts about micro-finance in India. First, most of what is described as micro-finance industry is actually micro-loans. There is hardly any provision of micro-savings, micro-investments, micro-insurance or micro-pensions. This is mostly because of regulatory reasons, i.e. accepting money...

Fifty thousand jobs? The U.S. economy has lost that many every week, on average, for a straight 140 weeks since December 2007. Now that the media's gush and drool over the Obama visit has run dry — thanks to other far more interesting events — it might be worth looking at a couple of ‘outcomes' that much of our media seemed pretty taken with.‘Twenty deals worth 10 billion dollars that create...

India may well be on its way to becoming a superpower, but for millions of marginalized communities — transgenders, female sex workers, men having sex with men (MSM), intravenous drug users (IDUs) — the struggle to live a life with dignity and respect continues. These communities face an uphill battle for a government recognised identity card cutting access to nearly all welfare schemes. Representatives from 20 NGOs and community based...

Even as the Indian Network for Climate Change Assessment — dubbed “the Indian Intergovernmental Panel on Climate Change (IPCC)” — released its first report on the impact of climate change in four regions of the country, it admitted that significant research gaps and lack of extensive databases were hampering Indian climate science. Long-term localised data was not available on vegetation and forest cover, socio-economic trends, farm inputs, pests and crop diseases,...

Himachal Pradesh has now brought wheat and barley crops under an insurance scheme to protect them from adverse climatic conditions, an official statement said Sunday. The National Agricultural Insurance Scheme will cover wheat and barley crops too across the state during the 2010-11 rabi season, said the statement. Earlier, maize, paddy, potato and ginger crops were covered. Likewise, the government last year initially launched an Apple crop insurance scheme in Shimla and...