Indian athletes are threatening to boycott next summer's London Olympics in an extraordinary stand-off with the head of the 2012 Games, Lord Coe, over his controversial sponsorship deal with a chemical company. Lord Coe is under personal attack for signing the deal with Dow Chemical – under fire in India for its ownership of Union Carbide, whose Indian subsidiary was responsible for the Bhopal industrial disaster, one of the world's worst,...
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What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
More »Travails of displaced tribals of Bastar by Asha Shukla
-IANS An eerie silence welcomes me as I walk down the row of houses, not a soul in sight. I know that from every tiny window in these little brick-walled units, watchful, suspicious eyes follow my every move. They are assessing me, wondering if I am friend or foe. But then, in these thickly forested parts, the lines of distinction blurred many years ago. And their life could depend on the accuracy...
More »Putting Growth In Its Place by Jean Dreze and Amartya Sen
It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...
More »Red tape blues for cyclone victims by Manoj Kar
Memories of the killer cyclone of 1999 continue to haunt Parvati Maiti every time the sky turns overcast. Today, it’s been exactly 12 years since the massive cyclone swept through the state, killing and leaving thousands homeless. However, the 52-year-old woman from Ambiki village, who lost her husband and elder son to the super cyclone, is yet to receive the compensation amount of Rs 3 lakh against the two casualties in her...
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