Chief Minister M. Karunanidhi on Friday requested Prime Minister Manmohan Singh to defer issuing the Coastal Regulation Zone (CRZ) notification till the apprehensions of fisherfolk and environmentalists are allayed. In a letter, Mr. Karunanidhi said there was a strong apprehension among the coastal communities that the draft notification would cause widespread destruction to the livelihood of fishing communities and other poor communities in the coastal areas, resulting in damage to coastal...

SKS Microfinance, the largest microfinance institution (MFI) in India, on Friday said that its balance sheet was healthy and did not resort to any emergency funding, as Orissa, following Andhra Pradesh, said it would look into the MFI's business processes in the state. It also said, through a release, that it was confident that "the Regulation will actually strengthen the industry and benefit well funded, ethical lenders like SKS." The release...

Indian Finance Minister Pranab Mukherjee said Friday he intends to regulate but not strangle the microfinance industry, which is in crisis because of new Regulations and political attacks in its biggest Indian market, the southern state of Andhra Pradesh. In comments at the Hindustan Times Leadership Summit in New Delhi, Mr. Mukherjee said a committee of the Reserve Bank of India is looking at all aspects of microfinance, which has come...

The government must stop dilly-dallying over the project and apply the law regardless of the fact that it is India's single largest foreign investment proposal. TWO giant metallurgical projects, both in Orissa. Both promoted by big multinational corporations with tremendous influence. Both opposed by environmental and tribal rights activists because they would displace vulnerable people and destroy fragile ecosystems. Both backed strongly by State-level and national lobbies that claim they...

In a small pastoral vand (hamlet) in Kutch, Gujarat, 10 year old Ramu wakes up at five in the morning. His mother serves him a hasty breakfast of bajra rotis after which he is packed off to the pasturelands surrounding their small hamlet to graze the family's buffaloes. Since his village does not have a working school, grazing the livestock is gainful employment from the point of view of Ramu's...