Regulation in India's microfinance sector aims to address feckless borrowing and reckless lending – but will the new restrictions entrench poverty, rather than end it? One of the many crushing burdens for India's poor bear is debt; unable to make ends meet, they turn to traditional moneylenders. They are willing to extend credit, but at unconscionably high rates – sometimes exceeding 80%, and keeping borrowers in lifelong penury. Popular cinema and...
More »SEARCH RESULT
The tenacity of hope by Dipankar Gupta
Since Cairo took to the streets, there is one question that comes up repeatedly in India. How have we been saved from such anarchy, in spite of our faltering democracy? True, Egypt's growth, between 5% and 7%, has been less spectacular than ours. But its per capita income swelled from $587 in 1981 to $1461 in 2001. Even its deficit as a percentage of GDP has fallen from 10.2% in...
More »Rethinking farm for better health by Shenggen Fan & M S Swaminathan
It is time for us to take a hard look at our agricultural system. We are not yet reliving the food crisis of 2007-08 , but food prices are surging, with global prices for wheat and maize rising by 75% and 60%, respectively, from June to December 2010. Meanwhile, nearly 1 billion people worldwide are going hungry. The obvious solution to many of our food-related ills is to accelerate agricultural growth....
More »C.Chandramouli, registrar general and census commissoner of India interviewed by Asit Ranjan Mishra, Sanjiv Shankaran and Cordelia Jenkins
C.Chandramouli, registrar general and census commissoner of India, is on the threshold of one of the most challenging months of his career. As the head of an army of 2.7 million enumerators who will fan out for almost a month beginning 9 February, Chandramouli talked to Mint about the methods and controversies of the second phase of India’s 15th census exercise. Edited excerpts: The National Population Register (NPR) seems to be...
More »Common concerns by Latha Jishnu
As the commons come under increasing assault, academics, practitioners and policymakers come together to devise ways to protect shared resources On a cold January night in Hyderabad, a fortnight ago, Jairam Ramesh, Minister for Environment and Forests, was led to an open-air dinner by folk drummers and body-painted tiger dancers as an appreciative audience of international academics and grassroots workers cheered and milled around him. Ramesh had become the toast of...
More »