An empirical analysis of the microfinance industry shows that the recommendations of the Malegam committee would have significantly more detrimental consequences than have been anticipated in the report. The microfinance exchange (www.mixmarket.org) is the most comprehensive data source for MFIs across the world. Table 1 displays the information on several parameters of Indian MFI performance for 2009. Column 2 displays the average values of performance parameters across 88 Indian MFIs....

Tensions run high within the Christian community in Thachur village, and the government has adopted a hands-off approach for now. THE wrinkles on S. Royappan's face are a result of advancing age, but the ridges and furrows in them tell a story of humiliation of this Dalit Christian, as also others like him. Royappan, 82, was a bonded labourer, or padiyaal, in Thachur village in Tamil Nadu's Kancheepuram district, but...

THE WORLD BANK IN INDIA - Undermining Sovereignty, Distorting Development: Edited by Michele Kelley, Deepika D'Souza; Orient Blackswan, 3-6-752, Himayatnagar, Hyderabad-500029. Rs. 895. This book is a collection of essays covering an array of economic issues ranging from agriculture, poverty, food security, power, water, to governance, environment impact and sustainability of growth, and the impact of the World Bank on them. Even a cursory reading would show that it is a...

C.Chandramouli, registrar general and census commissoner of India, is on the threshold of one of the most challenging months of his career. As the head of an army of 2.7 million enumerators who will fan out for almost a month beginning 9 February, Chandramouli talked to Mint about the methods and controversies of the second phase of India’s 15th census exercise. Edited excerpts: The National Population Register (NPR) seems to be...

The European Commission’s decision to exclude two key ozone-depleting gases from the purview of carbon trading from 2013 would have negative implications for global warming. The two industrial emissions marked for this purpose are Hydrofluorocarbon-23 (HFC-23), essentially trifluoromethane, and nitrous oxide. These are highly potent greenhouse gases (GHGs) that together account for the bulk of the trade under the EU’s emission trading system, which is, by far, the world’s largest...