It is difficult to predict what denouement the spat between the Sheikh Hasina-led Bangladesh Government and Mohammed Yunus, the Noble Laureate, would ultimately reach but it has undoubtedly brought to the fore many pitfalls of the micro-credit system which has so far been hailed as a panacea for poverty alleviation not just in the Third World countries but in many developed nations too. It may be a bit unfair to...

Climbing food prices across Asia, especially India, Bangladesh, Nepal and Laos, might slow down by at least five years the region’s efforts to eradicate extreme poverty and hunger under the Millennium Development Goals (MDG), a UN ESCAP (Economic and Social Commission for Asia and the Pacific) report has cautioned. The report says India is among the mostaffected countries. According to the report, the rising food prices prevented more than 19...

It's Sharad Pawar's old habit of indulging in corruption. Yes, I am levelling charges. Take me to court, I will prove the allegations," said activist Anna Hazare in New Delhi, as he began his fast unto death strike against corruption on Monday. Hazare's is campaigning for a compressive Lok Pal Bill to give wider powers to the ombudsman to check corruption attracted a huge crowd of over 3,000 people at Jantar...

Cash transfer as substitute for state service provision is a dangerous recipe for callously anti-poor and corrupt governance. THE staggering number of recent articles, papers and books on the virtues of giving cash in place of public services to the poor has created an impression that a sort of epidemic has broken out. Economists, policymakers, bureaucrats and newspaper commentators are all infected by it and are in turn infecting others. The central...

The battle against poverty and inequity can be won only if governments focus on the welfare of adolescents, says a UNICEF report. FINALLY, it has been recognised that adolescents constitute a very critical category in the overall battle against poverty and inequity. It is for this reason that the United Nations Children's Fund's (UNICEF) flagship report, “The State of the World's Children 2011”, focusses exclusively on adolescents and cautions against neglecting...