-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...

-The Business Standard   Young women in India are much better off than their mothers, but they fare much worse than their counterparts in many developing countries when it comes to the physical survival rate of women and participation in labour force, says a report by the World Bank. The World Development Report titled ‘Gender Equality and Development’ looks at gender inequality as not just a moral but also an economic issue. The report...

As a national debate rages over the Indian poverty line, in the heart of Bandra, one of Mumbai’s richest suburbs, in a shanty with barely enough standing space for two adults, three-year-old Priya Doiphode, clad in a red tee shirt, lies listless on a string bed. Priya is one of the 83,243 children in Mumbai who are malnourished, according to government data, a statistic that makes Mumbai the most malnourished...

Both Nandan Nilekani and his well-wishers are today, two years after he set out on his unique identification (UID) journey, wiser if not a more disillusioned lot. Right at the outset he had acknowledged concerns over privacy issues, saying, “India does not really have a privacy law. So all this will act as an impetus to define the privacy framework for Indians.” That gaping hole is still staring us in...

-BankBazaar.com    Can you live on Rs 32 a day in Indian cities? This is what everyone is asking after the Planning Commission came up with this figure in its revised estimate of people living below the poverty line. How about living on Rs 26 a day in a village? Impossible, you say. That's the debate that has been going on in India for the past few days. There is certainly something missing with...