The SKS IPO and the Andhra Pradesh ordinance have suddenly changed everything. Will it be the death knell or will it usher in a reformed and healthy industry? There are three basic facts about micro-finance in India. First, most of what is described as micro-finance industry is actually micro-loans. There is hardly any provision of micro-savings, micro-investments, micro-insurance or micro-pensions. This is mostly because of regulatory reasons, i.e. accepting money...

Frustrated by the government's attitude to disability, an advocacy movement has sprung up in Madhya Pradesh, central India, fighting for the universal right of all children to attend school 'What are friends for? You listen for us and we'll see for you." The black-and-white photograph beneath the words shows a smiling boy with his arm around his partially sighted classmate. It encapsulates the inclusive education ideal – all children of all...

Six years after a Human Development Report on Gujarat was published, the state government has embarked on another survey for a similar report, albeit district-wise, whose publication date is yet to be decided. So far, study reports on five districts — Surendranagar, Jamnagar, Sabarkantha, Dangs and Surat — have been submitted whose drafts have been reviewed and sent back to the authors for consideration. G K Vyas, Director, Human Development, said that...

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...

United Nations agencies today launched new international guidelines aimed at helping to protect health workers who provide care to people infected with HIV/AIDS and tuberculosis (TB) from becoming infected themselves in the course of their work. The guidelines, drafted by the International Labour Organization (ILO), the World Health Organization (WHO) and the Joint UN Programme on HIV/AIDS (UNAIDS), are designed to help doctors, nurses and midwives, pharmacists and laboratory technicians, as...