The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...

Later this week, the Registrar General of India (RGI) will unveil the first flush of its findings from the 15th census. This once-in-a-decade effort is the seventh in independent India and is expected to showcase an entirely new set of vital statistics, consistent with the ongoing social and economic transformation of the country and something that should enthuse demographers and policy planners alike. Expectations are that the array of socio-economic data...

“While the UPA has focused on bettering the lot of the Dalit community, it is dominated by upper caste Hindus, very few of whom are genuinely concerned about the plight of dalits,” the American Embassy said in a cable sent under the name of Ambassador David Mulford on June 22, 2005 ( 35177: confidential), and accessed by The Hindu through WikiLeaks. ‘Little upward mobility' “This ensures that dalits will continue to be...

The new bribery revelations, a rigged process to import reactors and safety-related concerns must lead to the long-blocked scrutiny of the nuclear deal by Parliament. The world's worst nuclear accident since Chernobyl raises troubling questions about India's plans for a huge expansion of its nuclear power programme through reactor imports. Given its low per-capita energy consumption, India must generate far more electricity to economically advance. So it needs more nuclear-generated power....

Recent actions of some senior BJP leaders hint at an understanding between the Congress and the main opposition at the leadership level. THE Bharatiya Janata Party's (BJP) credentials and commitment as the principal opposition party of the country have been repeatedly questioned in the past seven years, the period in which the Congress-led United Progressive Alliance (UPA) has held the reins of power at the Centre. Recent developments in Parliament...