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Court orders survey of sex workers for rehabilitation

-The Hindu   The Supreme Court has ordered a proper survey of sex workers — initially in metropolises of Delhi, Mumbai, Kolkata and Chennai — for their rehabilitation. In February, a Bench of Justices Markandey Katju and Gyan Sudha Misra directed the Centre and all States to prepare a rehabilitation scheme and sought their response. At the resumed hearing on Tuesday, the Bench was informed that the Centre and certain States were...

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India versus China by Amartya Sen

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...

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Muhammad Yunus knew seeking to enter politics in Bangladesh would receive ‘bruising response' by A Srivathsan

Kolkata Consulate: His candidacy 'could offer a possible out from the Hasina-Zia zero-sum game' Muhammad Yunus, the Nobel Peace Prize winner known in particular for his microfinance initiatives in Bangladesh, appeared to have been aware of the risks and consequences of a move he made to enter the country's politics. He told Henry Jardine, the U.S. Consul General in Kolkata, that he was aware of the “potentially bruising response” it would...

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Bangladesh: crisis of the Grameen Bank by Haroon Habib

U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...

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Experts warn Africa must learn from India's microfinance problems by Teo Kermeliotis

It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world's most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small loans to poor people with no access to traditional banking services, has come under scrutiny after a spate of suicides in the Indian province of Andhra Pradesh was linked...

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