The performance of the upcoming biotechnology regulatory authority of India (BRAI), would be supervised by an inter-ministerial governing board, even though the time frame in which the regulatory body would come up is not clear. This is a clear deviation from the previous stance, which conceptualised the setting up of the regulatory body under the direct control of the department of biotechnology. “The Bill provides for setting up of inter-ministerial governing...

The term “bottom of the pyramid” (BOP), coined by the late C K Prahalad, became wildly attractive in the early noughties, in part because the concept, which suggests that it is possible and legit to make money from the poor, provided a leavening justification for the animal spirits of capitalism in poor countries like India and China with their growing list of Forbes billionaires. On the verge of the second decade...

Among the several resolutions passed on Thursday by the 9th conference of the All India Democratic Women's Association (AIDWA) in Kanpur, one of the most important ones was on the need to regulate microfinance institutions (MFIs), which are exercising an iron grip on poor women debtors in several States of the country. The resolution drew attention to the “spate of suicides as a result of the harassment and strong-arm tactics employed...

The latest Human Development Report, or HDR, (2010), marking its 20th anniversary, is both remarkable and useful. Remarkable because it brims with intellectual confidence, born out of a sense of vindication over the “conceptual brilliance and continued relevance” of Mahbub ul-Huq’s original human development paradigm set out in the first sentence of the 1990 report — “People are the real wealth of nations.” The idea of human development, which, through...

Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...