The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state. "Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied," said Vijay Mahajan, President, Micro Finance Institutions Network. The...

The United Nations health agency is set to develop the first-ever global information standards for traditional medicine, which is a primary source of health care for many people in parts of Asia, Africa and Latin America and is increasingly being used in Europe and North America. The International Classification of Traditional Medicine project will assist in creating an evidence base for traditional medicine – producing terminologies and classifications for diagnoses and...

International prices of most agricultural commodities are on the rise again. Prices of major food crops have increased disconcertingly, with wheat, rice, maize and soybean registering double-digit increases between June and October. Wheat prices increased alarmingly by more than 71%, while maize recorded a more than 50% spike. The Food Price Index released by the Food and Agriculture Organization (FAO), the most widely accepted barometer for food prices, also painted...

Every passing day makes it clear that the proposed food security law may not come by for a while. One report quoting the Planning Commission even suggested that it can be expected only in 2012. This Twelfth Plan (2012-17) launch has support from the concerned dual Ministry of Agriculture as well as Food, Consumer Affairs and Public Distribution. In that eventuality it does mean a surge in food insecurity.A dispassionate...

The Supreme Court has refused to stay for now an Orissa High Court judgment cancelling the state government’s clearance to Posco for a licence to scout for and mine iron ore. The high court order had come on a petition by a Bhubaneswar firm that claimed the state’s decision was “illegal” and “irrational” as the South Korean giant had been cleared out of turn. The licence would have allowed Posco to explore...