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...

At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

-The Hindu Justice Markandey Katju, Chairman, Press Council of India, argues that the media has a very important role to play in helping the country make the transition from an old feudal society to a modern industrial one quickly, and without much pain. The Role the Media should be playing in India by Justice Markandey Katju, (former Judge, Supreme Court of India), Chairman, Press Council of India To understand the role which...

To understand the role which the media should be playing in India we have to first understand the historical context. India is presently passing through a transitional period in its history: a transition from a feudal agricultural society to a modern industrial society. This is a very painful and agonising period. The old feudal society is being uprooted and torn apart; but the new, modern, industrial society has not yet been...

-The Hindu   The Centre of Indian Trade Union (CITU) has strongly opposed the new National manufacturing Policy approved by the Union Cabinet recently and termed it as an attempt by the government to give back door entry to the so-called labour reform of ‘hire and fire' being pressed by the business houses. “The national manufacturing policy will create new islands of lawlessness with bountiful concessions to business houses and absolute jungle raj...