Two years ago, when I told some of my more cynical fellow-tribals from the journalistic fraternity that I was about to complete a textbook on media ethics, they smirked. Media ethics? That’s an oxymoron, a contradiction in terms, they said glibly. What became apparent to me then was that the image of the journalist in India has taken quite a battering. There are many among the aam admi who still...
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The Wages of Discontent by Aruna Roy and Nikhil Dey
The Union government is reneging on its legal obligation to pay minimum wages, even to the most deprived sections of the population, in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Scheme. If anyone wants to study the capacity of India's policymakers to turn a progressive piece of legislation upside down, the wage policy under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is a good place to...
More »NREGA wages fight gathers steam by Anindo Dey
Seventy-year-old Dau Singh is dancing to the tune of a parody music being belted out in the background by a group of people sitting on the pavement. The song urges people to write letters to their brethren and come there to join the fight. "Come on mazdoors, get into the act to get what you deserve," urges the song. The venue is the Statue Circle in Jaipur, where hundreds of...
More »Malegam to head RBI panel on microfinance by Dinesh Unnikrishnan
Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans. Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao – all on the boards of the Indian central bank – and RBI deputy governor K.C. Chakrabarty are the members of the panel. The committee, which will...
More »Suicide leash on lenders
Public uproar over 20 suicides in two months has forced the Andhra Pradesh Government to act to regulate micro-finance institutions. On October 14, the state government brought an ordinance making it compulsory for MFIs to register themselves, declare the effective rate of interest they charge, ensure that no security is sought for loans and no coercion is used for recovery. Non-compliance will be punished with a three-year prison term and a...
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