Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

-The Indian Express   Reserve Bank of India Governor D Subbarao on Tuesday cautioned that policies — the significant increase in rural wages triggered by the MGNREGS and inflationary implications of the proposed Food Security Bill — aimed at inclusive growth can stoke inflationary pressures at any rate in the short-term. “The need for making growth inclusive is incontestable, but it is important to recognise that policies aimed at inclusion can stoke inflationary...

How do you quantify happiness in a diverse nation like ours? Growth levels, value-based structural changes, what can affect it? Life is Elsewhere?     Bhutan’s GNH: Based on the Buddhist doctrine of harmony with environment and fellow beings besides material comfort     UNDP Human Development Report: Ranks nations on quality of life—adjusted real income, life expectancy, education etc     World Values Survey: Started in 1995, it explores impact of social and political changes...

Sehal Sagar village in Rajasthan has won the national water award instituted by the water resources ministry Nestled in Rajasthan’s bone-dry Tonk district, Sehal Sagar village boasts of lush green fields, wells full to the brim and healthy cattle. The surprise transformation has been possible because the village follows rainwater harvesting and develops its pasture land. Sehal Sagar has an elaborate network of ponds, canals and chaukas which ensure that every drop...

We see malnutrition as a burden on our conscience, and on our exchequer. We also know it is a daunting task to get rid of child malnutrition. But do we know about the economic benefits on the other side? A new FAO report tells us that India can increase its National Income by a massive US$ 28 billion by eliminating child malnutrition. Now that is serious economic gain so read...