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Microfinance: What's wrong with it by M Rajshekhar

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

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Unique identification numbers soon for school kids

All school children across the country will soon have unique identification numbers (UID) which will help in tracking their movement in educational institutions and academic records. This follows the signing of a Memorandum of Understanding between the Union Human Resource Development Ministry and the Unique Identification Authority of India (UIDAI) here on Wednesday. The system will help in tracking students' mobility by creating an electronic registry, right from the primary level through...

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Millennium Development Goals & India by KS Jacob

The Millennium Development declaration was a visionary document, which sought partnership between rich and poor nations to make globalisation a force for good. Its signatories agreed to explicit goals on a specific timeline. The Millennium Development Goals (MDGs) set ambitious targets for reducing hunger, poverty, infant and maternal mortality, for reversing the spread of AIDS, tuberculosis and malaria and giving children basic education by 2015. These also included gender equality,...

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Forever Stuck in a Cycle of Debt and Death by Uddalak Mukherjee

According to the National Crime Records Bureau, since 2003, one Indian farmer has committed suicide every 30 minutes. In 2008, 16,196 farmers took their own lives, bringing the total number of farmer suicides in India between 1997 and 2008 to 199,132. (Significantly, P. Sainath is of the opinion that like all government data, these figures too are unreliable. For when women farmhands kill themselves, their deaths are not enlisted as...

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The mass job guarantee by Aruna Roy & Nachiket Udupa

  The sea change that India’s national scheme for rural employment guarantee has accomplished is hard to fathom, its vastness touching the lives or more than 100 million people. The National Rural Employment Guarantee Act of 2005 (NREGA, subsequently renamed after Mahatma Gandhi, or MGNREGA) was a landmark in Indian legislation. Under the act, as of April 2008, for the first time in India’s history, all rural citizens have a legal right...

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