Fearing a default from Andhra Pradesh-based microfinance institutions (MFIs), whose cash flows have been disrupted by new laws, lenders have asked RBI to ensure stability by bringing the sector under its purview. In a meeting called by the Reserve Bank to discuss funding of MFIs, it asked Banks whether the institutions were repaying loans on time and if the end-borrower was suffering because of the credit crunch faced by them. RBI...

For some reason, governments - as well as the development ''industry'' as a whole - have always had a tendency to look for universal panaceas, particular silver bullets that will solve all or most of their implementation problems and somehow achieve the development project for them. The latest such initiative bullet that seems to have been accepted as a silver bullet is the Unique Identification Project, which is now seen...

IT WAS a windfall five years ago that taught Panchali Satyavva the power of a lie. It happened one Monday afternoon in Someshwar village of Nizamabad district in Andhra Pradesh. It was raining in sheets and she had just placed a bucket under the steady trickle of water from the roof of her hut. Two men were at her door, holding umbrellas and offering her an unsolicited Rs. 5,000. They...

If present political trends and shifts in Andhra Pradesh intensify, the State could see an election within a year. And not just over Telangana. When Chandrababu Naidu sits on a hunger fast for suffering farmers, you know something is afoot in Andhra Pradesh. Excessive rains have devastated the crops in the State. And losses have been enormous. But a farmer losing over Rs.15,000 on an acre of paddy will get less...

FAO has warned that 2011 may witness a global food crisis. Proactive action is needed to meet the challenge of price volatility, chronic hunger, agrarian despair and climate change. The Food and Agriculture Organisation of the United Nations (FAO) has alerted developing countries about possible steep rises in food prices during 2011, if steps are not taken immediately to increase significantly the production of major food crops. According to FAO, “with...