Tight liquidity continues; rise in bank rates likely for such lending. The Andhra Pradesh government will take some time to reply in the high court to the petitions filed against the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, issued last month. The Microfinance Institutions Network (MFIN), SKS Micro Finance and Spandana Sphoorty Financial have filed petitions saying the ordinance threatens to disrupt their business. The government sought an extension after...

The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

A court in India has given life sentences to 44 Marxist supporters for killing 11 landless farmers supporting a rival party 10 years ago. The farmers were supporters of the state of West Bengal's opposition Trinamul Congress party. The 44 supporters of the Communist Party of India - Marxist (CPI-M) were convicted of murder and rioting. The convicted include CPI-M senior leaders MoHAn Sheikh and Gopal Majhi and two senior rural body members. A...

Seeking to use technology optimally in health service, Orissa is planning to keep infrastructure ready for telementoring by which an experienced surgeon could guide a less experienced doctor from far-off place. “We are aiming to have telementoring for our State. Through the system a mentor (doctor) sitting in a super speciality hospital can guide another surgeon from hundreds of kilometre away from the actual place of operation,” said B. N. MoHAnty,...