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...

My attention was drawn to “An Open Letter to the Chief Minister of West Bengal” which was signed by thirty members of the civil society of Kolkata and Delhi. What disturbed me was the tone and tenor of the language used in the letter in denouncing Ms Mamata Banerjee’s bold initiative in inviting the Maoists of Junglemahal for a dialogue after “ceasefire”. May I ask with all humility who among the...

On August 26, Japanese Prime Minister Naoto Kan resigned, taking responsibility for the disastrous meltdown of the Fukushima Daiichi nuclear power plant, which was caused by the March 2011 undersea earthquake and ensuing tsunami.  In India, on the other hand, the deliberate contamination of a drinking water tank with radioactive waste in the Kaiga nuclear power plant in Western Ghats in the state of Karnataka has gone unpunished for two whole...

-The Times of India   The Central Information Commission has directed the external affairs ministry to comply with the norms of statutory suo-moto disclosures to be made under the Right to Information Act.  The move comes following a complaint that some information given on the ministry's website under Section 4 of the RTI Act, which relates to proactive disclosures by a public authority, was not complete and comprehensive.  Complainant Saurabh Sharma alleged that the...

-The Hindu   Aruna Roy writes to PM The National Campaign for Peoples' Right to Information (NCPRI) has sought a new provision in the government's draft Citizen's Right to Grievances Redress Bill, 2011, to compensate a complainant for entitlements wrongly denied or delayed. The government's draft empowers the independent appellate authority to penalise for denial or delay in entitlements but does not provide for compensating a complainant. Rather than have the Grievance Redress as part...