On December 15, the Andhra Pradesh legislative assembly cleared a bill to regulate microfinance institutions (MFIs) in the state. The bill replaces an ordinance issued in October following 54 suicide deaths allegedly due to coercive methods of loan recovery by MFIs (see ‘Death by Default’, Down To Earth, November 30, 2010). The bill mandates MFIs to be registered with the district authority to collect installments at the panchayat office and restricts...
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Flat since 1991 by Manish Sabharwal
The only economic or social variable that has not moved since 1991 in India is our 93% informal employment in the informal sector. So, while we have smartly and substantially moved the needle on everything from foreign exchange reserves, infant mortality, school enrolment, market capitalisation, foreign investment, and pregnancy deaths, 9 out of 10 of our workers do not work in organised employment. Informal employment—what President Alan Garcia of Peru...
More »Bitter chill in north India leaves 30 dead
An intense cold wave has gripped northern India, claiming more than thirty lives already. Five more deaths were reported across Uttar Pradesh as the mercury dipped due to rains at some places. While a 70-year-old man and a two-year-old boy died in Bahraich and Farukkhabad districts respectively, one death each was reported from Sitapur, Mahoba and Chitrakoot in the last 24 hours. Etawah was the coldest at 6.1 degrees, Lucknow was...
More »Farmers' suicides reflective of death of rural banking by G Arun Kumar
Since the beginning of December last, 220 tenant farmers in the state have committed suicide or died of shock, crushed by mounting debts and loss of crops. Overall, the farmer death toll stands at a staggering 350-400. Though the fickle weather wreaked havoc, experts believe it's only partly to blame as several other factors have worked against the farming community. While economic expansion continues to bypass the farming community leaving...
More »MANY KIDS DEAD, MANY ABOUT TO DIE, OF MALNUTRITION IN MP
Is Madhya Pradesh the epicentre of malnutrition deaths? Recently, villages in the State’s Shivpuri district witnessed children of Sahariya tribe falling victims of malnutrition. Their names, according to the Asian Human Rights Commission (AHRC): Parant, Rajveer, Rajkumari and Sanni and they were all aged 3 years or below. The AHRC cautions that many more children like Ashiq, Kuldeep, Pawan and Malti from the same tribe are battling death due to...
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