Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948. The wage hike, ranging from 17-30%, is likely...

In the end, Gangula Tadangi succumbed to tuberculosis. The Kondh Adivasi’s life could have been saved if he had made it to the hospital on time. But he was in judicial custody at Koraput district jail in southern Odisha for allegedly “waging war against the Indian State”. During his last moments, Tadangi, 25, is said to have whispered something in Kondh. But nobody could make out anything because no one...

It also wants exemplary cost recovered from them AMC's licence should also be cancelled Reddy brothers, others get two weeks to file response The Supreme Court-appointed Central Empowered Committee has declared “illegal” the mining done by the Reddy brothers through three leases in Obulapuram mines in the Bellary reserved forest area, and recommended that the licences be cancelled and exemplary cost recovered from them. In November last, the Forest Bench asked the Committee to...

Over five crore Mahatma Gandhi NREGA workers across the country will enjoy a 17 to 30 per cent rise in wages with their wage rate being linked with the Consumer Price Index for Agricultural Labour(CPIAL) with immediate effect. The Ministry of Rural Development issued the notification in compliance with the directives of Prime Minister Manmohan Singh who had, however, differed with NAC chairperson Sonia Gandhi's recommendation for a hike in statutory...