MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...

Why we are doing this story     * Tribal lands are under pressure across India. In Orissa, they have been holding out against big corporates like Vedanta and Posco. *** From afar, the fumes rising from factory chimneys in Gujarat’s industrial belt make them seem like skyscrapers on fire. It’s a grey rust-and-chemicals stretch that they call, without irony, the Golden Corridor. It extends all the way from the north of Ahmedabad, through...

NCM orders compensation for boys framed in Mecca Masjid blast case Four years after the Andhra Pradesh police picked up 21 Muslim boys and wrongly accused them of involvement in the Mecca Masjid bomb blast, there is finally some hope that they can resume normal life without the stigma of terrorism. The hope comes via the National Commission for Minorities (NCM), which recently made four key recommendations to the State government. A...

-PTI   To press for farmers' demands, including pension and interest free loan, Akhil Bhartiya Kisan Sabha would launch a nation-wide stir on September 1. "On September 1 demonstrations of farmers would be organised across the country to press for six point charter of demands," ABKS general secretary Atul Kumar Anjan told reporters here today. The main demand includes pension to farmers at the age of 60 years by the Centre and the...

-The Business Standard   Among the many initiatives and innovations being considered to improve returns to farming, the creation of producers’ companies deserves closer policy attention than has been the case so far. A farmers’ company, registered as a corporate entity with the registrar of companies, under the Companies Act, can help farm producers come together and derive economies of scope and scale. A group of farmers in Andhra Pradesh has reportedly...