A United Nations-backed intervention involving cook stoves holds the promise of saving lives, uplifting health, improving regional environments, reducing deforestation, empowering local entrepreneurs, speeding development, and helping to stem global climate change. The United Nations Environment Programme (UNEP) has joined international efforts to dramatically boost the efficiency of some 3 billion cook stoves across Africa, Asia and Latin America, with the aim to protect women’s health and provide significant environmental...
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Banks may find it tough to ensure microfinance companies don’t charge high rates
Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...
More »Jatropha Boom Yields Tough Lessons by Manipadma Jena
With a gas-guzzler of an economy, India had been spending tens of billions of dollars annually to import petroleum. And so its 2009 policy on biofuels mandated that by 2017, India would have enough biofuel production to cover at least 20 percent of the country’s oil consumption. The government has in fact been encouraging the cultivation of jatropha curcas for the past seven years, believing that would be the fastest way...
More »Ethiopians say Indians grabbing land.Indian farmers claim it is official by Shantanu Guha Ray
RAM KARUTURI, the world’s largest rose grower, calls it a situation that needs immediate intervention. Else, he is sure the rush of Indians to Africa will ebb to a trickle, which, in turn, could have serious implications as ethnic tensions with the locals are slowly, but steadily, rising in some parts of the continent. The hub of the crisis is Gambela, one of Ethiopia’s nine states, for long starved of investment....
More »Greater progress needed despite recent drop in maternal deaths, say UN agencies
While the number of maternal deaths has recently dropped by one third, United Nations agencies today stressed that more must be done to save the lives of women given that 1,000 of them still die every day due to complications during pregnancy and childbirth. According to a new report released by the World Health Organization (WHO), the UN Children’s Fund (UNICEF), the UN Population Fund (UNFPA) and the World Bank, the...
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