The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...
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Bhushan Sr: Prefer jail to saying sorry by Dhananjay Mahapatra
Provoked by the reiteration by Supreme Court of its offer to drop the contempt charge against Prashant Bhushan if he apologised for levelling allegations of corruption against the judiciary provoked his father Shanti Bhushan on Wednesday to repeat the contemptuous charges. He would rather go to jail than seek apology, declared Bhushan senior, former Union law minister. The senior Bhushan spoke out of turn, brushing aside repeated requests from a Bench...
More »Muslim women face multiple discrimination: AIDWA by Parvathi Menon
“Practice of triple talaq discriminatory and unjust towards the wife, against constitutional principles, and contrary to Islam” “The triple talaq is a sword hanging over the heads of married Muslim women,” said Sehba Farooqui, secretary of the Delhi State Unit of the All India Democratic Women's Association, in her introduction to the resolution on the practice of triple talaq passed by the 9th national conference of the organisation on Wednesday....
More »Microfinance: What's wrong with it by M Rajshekhar
The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
More »After The Circus by Anuradha Raman
Off With Their Rights... * As many as 3 lakh slum dwellers in Delhi were evicted before the Commonwealth Games * When a family is evicted, each member loses many rights—the rights to livelihood, shelter, health, education etc * Of some 60,000 beggars on Delhi streets, more than 50,000 were removed for the Games *** Forget the razzle-dazzle and the hype over the recently concluded Commonwealth Games (CWG) in Delhi. The human...
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