Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...

Supreme Court displeased with Centre's failure to suggest measures   The Supreme Court has indicated that it may ask the Central government to set up special courts to try cases of damage done to public property in agitations. A Bench of Justices G.S. Singhvi and S.J. Mukhopadhaya on Tuesday expressed displeasure at the Centre for not coming out with suggestions to prevent damage to public property and said special courts would be directed...

The return of peace and normalcy in Kashmir is a reality. And to ensure a durable and lasting peace, a humane approach to handle the law and order situation may be required. In a vibrant, democratic country, authoritarian ways of suppressing people’s voices prove to be counterproductive. It may be recalled that the law and order situation in Kashmir worsened in the aftermath of unfair and rigged assembly elections of 1987,...

-The Telegraph   Chief minister Mamata Banerjee is sticking to her position on Maoist sympathisers and seems to be in no hurry to break the ice with writer Mahasweta Devi, who yesterday called her government “fascist”. “Mamatadi is concerned about the Attacks on our workers in Jungle Mahal and, as an administrator, she feels those responsible should be brought to book. Supporting their cause can’t be allowed,” said a Trinamul Congress source. The source...