The accusation of ‘coercive' practices to recover the loans has been laid at the doors of some leading players Micro Finance institutions (MFIs) that are for profits are in the news for the wrong reasons. The ‘for profit' MFIs have grown spectacularly in recent times. But along with the large profits have come allegations of sharp practices. In Andhra Pradesh, where such MFIs have a sizable presence, the climate has now drastically...

While renewable energy was always considered more desirable from the point of view of environment protection, its importance has increased several times in these times of climate change. Solar energy is particularly seen as a very promising source in energy planning for the future in tropical countries like India. Interest in realising the potential of solar energy is fast increasing and organisations which have been pioneers in solar energy are...

Two months after Uttar Pradesh government launched a campaign to give incentives for the scheme of giving 100-day employment to 10 lakh marginalised families under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), it has become a bone of contention between the Centre and the state government. Under the initiative, the state had decided to appoint a nodal agency, identify civil society organisations and give them incentives for ensuring 80 to...

Never mind wishful thinking by the government and RBI. Food will never be cheaper than what it is today. Not this year. Or in future. The reason is simple. Growing food in India has become extremely expensive. Crops are pricier even before they reach the market and face the pulls and tugs of rising local demand and exports. The farmer’s single biggest cost now is labour. Farm labour wages have doubled...

Can the government break its own laws? That seems to be the case when it comes to minimum wages in the National Rural Employment Guarantee Scheme (NREGS), which makes the government the employer of the world’s largest workforce of close to 35 million job-card holders. In 19 states, the workers are getting less than the minimum wages in their areas, with the rural development ministry and the labour ministry looking the...