A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...

Genuine fear of genetically modified (GM) crops arising from relatively less studied science combined with the fear of the unknown and lack of transparency of the companies dealing with GM crops made most governments and their citizens in Europe and other countries oppose the technology. Fearing that nanotechnology, another promising technology, may face the same fate, the U.K. Royal Society had published a detailed report on nanotechnology in 2004. The report, made...

The US government was advised by its officials to start a military-style trade war against European countries that oppose GM crop cultivation, a new Wikileak release by the UK-based newspaper Guardian has shown. The US embassy in Paris in 2007, when France moved to ban GM corn by Monsanto, recommended that the US "calibrate a target retaliation list that causes some pain across the EU since this is a collective responsibility,...

Since the beginning of December last, 220 tenant farmers in the state have committed suicide or died of shock, crushed by mounting debts and loss of crops. Overall, the farmer death toll stands at a staggering 350-400. Though the fickle weather wreaked havoc, experts believe it's only partly to blame as several other factors have worked against the farming community. While economic expansion continues to bypass the farming community leaving...

Following allegations of plagiarism, top Indian science academies have come out with a new report on Bt brinjal, reiterating their earlier claim that the genetically modified (GM) crop is safe and fit for commercial release. A coalition of environmental groups had alleged that key parts of an earlier report prepared by the science academies were plagiarized from a pro-GM newsletter of the department of biotechnology, Mint reported on 27 September. Last week,...