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 Congress rules state and the centre, but money set aside for Rajasthan’s malnourished tribal children does not reach dysfunctional crèches and other urgent needs Three-year-old Bagmati Sahariya lies listlessly on a string cot inside an unlit mud-and-thatched home in Baran district’s Amrod village, 292km south of Rajasthan’s capital Jaipur. When her father Janki Lal (36), a daily wage labourer, lifts her on his shoulder, her bony hands and legs dangle...

At a time that land in urban centres, especially in the big metropolitan cities, is at a premium, a Working Group of the Sonia Gandhi-led National Advisory Council (NAC) has suggested that, as far as possible, slum dwellers should be resettled at the spot where they are currently living, rather than displacing them, so that they continue to remain close to their places of work. NAC sources said the Working...

Rudrapur, an industrial town in Uttarakhand, witnesses large-scale rioting and clashes of a communal nature. THE Garhwal and Kumaon regions, which constitute the tiny hill State of Uttarakhand, were totally free of communal disturbances even when the entire country was in the grip of tension following the demolition of the Babri Masjid in Ayodhya in 1992 and the Mumbai blasts in 1993. These regions had always maintained communal peace. But on...