Microfinance is an effective tool for financial inclusion. Here are some elements of the recently embattled sector The recent controversy surrounding the microfinance sector has entirely eclipsed the fact that it is the first effort in India to have delivered financial services to remote corners of the country in a self-sustaining manner. The stakes are high for India’s poor, and we have to pave the way for orderly growth in the...

Denmark (Rank 1) Denmark along with two other countries have been ranked as the world's least corrupt countries. With a score of 9.3, Denmark has consistently topped the Transparency International's Corruption Perceptions Index. The country has a strong tradition of openness to global trade and investment, and transparent and efficient regulations are applied evenly in most cases. Denmark also boasts an efficient, independent judiciary that protects property rights, and the level of corruption is...

The government will have to invest around Rs 5 lakh crore to achieve its target of increasing the higher education enrolment rate from the current 14 per cent to 30 per cent by 2020, a think tank has estimated. The National University of Educational Planning and Administration (NUEPA) has prepared a concept paper projecting the expected number of youths to be enrolled in higher and technical education by 2020 and the...

The Aadhaar or UID project has grave implications for every Indian. It will enable the government to profile every citizen and track their movements and transactions. There is no guarantee that intimate personal information -- pre-existing illnesses, romantic relationships etc -- won't be shared with other agencies, warns Praful Bidwai. An elaborate charade has begun with the rolling out of the first Aadhaar unique identity numbers in a tribal district of Maharashtra by...

Noted development economist and Planning Commission member Abhijit Sen talks about how government funds find their way into insurgent hands, and why the government is unable to check this. There are a number of reports that suggest that development funds are landing in the wrong hands. What are the various aspects of fund diversions? It's a well-reported fact that public money is finding its way into the hands of extremists. There...