Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...

Conservation measures have taken away the traditional livelihoods of nomadic tribes in Karnataka. AT a short distance from the world famous monuments at Hampi is the village of Hulihaidar in the fertile region of the “rice bowl of Karnataka” in Gangavathi taluk in Koppal district. Local residents say it was an important town in the Vijayanagara empire (1336-1646 C.E.) and the seat of a local lord. Today it is home to...

Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...

Maharashtra sounds clarion call on hybrid crop liability Competition is tough in the seed market, which may explain why marketing gimmicks are often used to woo farmers. It’s tougher still for the farmers to get compensation when the claims fail and they are saddled with a bad or damaged crop. Sometimes the state government steps in to offer compensation or the farmers turn to the consumer court for relief. Typically, of...

Nine moths after the thrashing it received in the Assembly elections, the CPM leadership has undertaken a purge within. It has dropped 13 of its veterans from the West Bengal state committee, three of them several-term MPs, from key posts on grounds of “anti-party activities” or age and health. Party insiders say the exercise was a reflection of Buddhadeb Bhattacharjee asserting himself with the party’s state unit. Such a drive had,...