Barely a week after food and civil supplies minister Nazrul Islam admitted to leakages in the public distribution system (PDS) in Assam, food grains subsidised for the poor are popping up in eateries. Since Monday night, police in eastern Assam raided a couple of dhabas or roadside eateries and seized 250 quintals of rice, 28 quintals of wheat and six quintals of sugar. These commodities earmarked for fair price shops under...

Kodinar, where slain activist Amit Jethava led a campaign to create awareness about the Right to Information (RTI), this powerful democratic tool and its use has become an agenda against the BJP in the local body elections slated for October 21. Jethava’s two close aides, who say they also had to face the wrath of the rich and powerful for exposing corruption in the system, are in the fray for the...

SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani  has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than moneylenders but have so far been able to operate under the pious...

The Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, 2010, suggests there’s more politics than understanding of economics that went into it. The setting up of district registering authority under the ordinance, with elaborate powers to even cancel licences, will increase risks of operations posing serious hazard to business plans and will jeopardise the whole MFI network. Especially stifling is the requirement that MFIs have to submit a monthly...

On the eve of the World Food Day, hundreds of farmers belonging to the Kisan Swaraj Yatra made a bonfire of genetically modified seeds at Jalna on Friday to symbolically oppose the corporatisation of seeds and to encourage farmers to retain seed diversity. “We want to put out a message to fellow Indian farmers to acknowledge, appreciate and understand our own breeding abilities and improve on it, to avoid getting trapped...