Indian public policy often short-circuits because there are too many crossed wires: one agency trying to do another’s work, and arguments being invoked in contexts in which they are inappropriate. There has been much speculation about the Ministry of Home Affairs’ objections to Aadhar in its current form. But it will be a travesty if the project of identification is moved from its current service delivery-oriented paradigm to a security-oriented...

-The Telegraph   There is no jargon in Assam chief minister Tarun Gogoi’s brand of economics — there are only blankets and bicycles and other such mundane things that he feels the poor need. And he even got a nod from a man who has received the Nobel Prize for economics. Speaking at a discussion, flanked by Joseph Eugene Stiglitz, an economics Nobel laureate and Lord Meghnad Desai, professor emeritus at the London School...

Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...

JANGU, 40, a Dalit labourer in Paraspur village in Gonda district, 120 km northeast of Lucknow, displays his job card in complete disbelief. “My job card was made three years ago and shows three payments. But I was never given any work, so how was the payment made?” he asks, puzzled. The first entry shows a payment of Rs 1,400 but he received a paltry Rs 100. He never went...

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...