-The Times of India   The flood situation remained grim in most of north India with Uttar Pradesh and Bihar being the worst affected. More than a hundred people have died since the start of the monsoon and thousands of people rendered homeless. Standing crop has been damaged in several districts and livestock of many villages has got swept away. Most rivers in east and southeast of Uttar Pradesh are flowing above the...

MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...

-PTI   Monsoon on Wednesday continued to wreak havoc as heavy rains triggered floods, landslides and claimed at least twelve lives in northern and eastern India. Eight persons were killed in Uttar Pradesh, two each in West Bengal and Meghalaya, official reports said. Heavy downpours left eight persons dead in Uttar Pradesh where major rivers are on the verge of Flooding hundreds of villages. The release of flood waters from Nepal has worsened the situation...

-Reuters   Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...

-IANS   Hundreds of thousands of people in Bihar are living in fear after heavy rains caused several rivers to swell and flood over 100 villages, officials said Monday. The Bagmati river breached its embankment in Muzaffarpur district, while the rising waters in the Gandak and Kosi rivers are also posing a serious threat. "Bagmati river breached its embankment near Basghatta village in Muzaffarpur, creating panic in dozens of villages as the flood...