SKS Microfinance Ltd on Thursday said it may downsize operations and even “shut shop” in Andhra Pradesh, which accounts for a quarter of its business, if the southern state retains its recent Act governing microcredit operations. “If the state Act is not repealed, we wouldn’t have a choice but to shut shop in Andhra and leave,” founder and chairman Vikram Akula said. India’s largest and only listed microfinance institution (MFI) would not,...

The ministries of environment and coal may still be bickering over the classification of ' go' and ' no- go' areas for mining , but an International Labour Organisation ( ILO)- funded report on India's indigenous population claims that more than half the country's mineral wealth is obtained by violating the rights of tribals. 'India and the Rights of Indigenous Peoples', a report prepared by the Asia Indigenous Peoples Pact with...

As the commons come under increasing assault, academics, practitioners and policymakers come together to devise ways to protect shared resources On a cold January night in Hyderabad, a fortnight ago, Jairam Ramesh, Minister for Environment and Forests, was led to an open-air dinner by folk drummers and body-painted tiger dancers as an appreciative audience of international academics and grassroots workers cheered and milled around him. Ramesh had become the toast of...

Prime Minister Manmohan Singh's observation that enforcement of environmental regulatory standards should not lead to a throwback to the days of the licence-permit raj strikes a jarring note in an era of enlightened, science-based conservation. By projecting Regulation as a threat to economic development, he has brought needless pressure to bear on the nascent efforts of Minister Jairam Ramesh to bring accountability and transparency to the Ministry of Environment and...

Advocates carrot and stick formula to ensure compliance Norms must be enforced, which is often difficult, says Prime Minister “Capacity building, key to effective village level planning” In the midst of the raging debate on environment versus development, Prime Minister Manmohan Singh has warned that enforcement of environmental standards must not signal a return to the licence permit raj era. Addressing the Delhi Sustainable Development Summit organised by The Energy and Resources Institute (TERI)...