Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...

At a time when carbon aerosols including black carbon caused by incomplete combustion are being linked to global warming, an integrated national research programme will study its impact on public health, rainfall patterns and glacial health in the country. "While various institutes in the country have been working on aerosols, including black carbon for some time now, India needs to assume a major leadership role in aerosol science," Environment Minister Jairam...

With a gas-guzzler of an economy, India had been spending tens of billions of dollars annually to import petroleum. And so its 2009 policy on biofuels mandated that by 2017, India would have enough biofuel production to cover at least 20 percent of the country’s oil consumption. The government has in fact been encouraging the cultivation of jatropha curcas for the past seven years, believing that would be the fastest way...

MONA SANGWAN, a teacher at a private school in Delhi, who earns just Rs. 4,000 a month and is her family’s sole earning member, had nearly begun to despair. How on earth was she going to raise Rs. 7,000 every month to buy the medicines her brother Ashwini, a kidney transplant patient, needed? Mona would have continued to despair had not the NGO Sarvohit Social Welfare Society stepped in. And to...

A combination of factors led by state policy has enabled the southern State to become a notable achiever with respect to some key indicators of development. In 2001, Nobel Laureate Amartya Sen recorded an eyebrow-raising fact in his book, “Development as Freedom”, that Tamil Nadu and Kerala had both achieved much faster rates of decline in fertility than China had achieved since it introduced its one-child policy. That same year, the international...