India’s microfinance institutions (MFIs), under pressure because of stricter rules in their largest market Andhra Pradesh and the consequent slump in repayments there, may get a boost from the ASIan Development Bank (ADB). ADB is constituting a $250 million (around Rs1,135 crore) facility to offer guarantees against loans to MFIs extended by banks in the ASIa-Pacific region where it operates, including India. The move is aimed at encouraging banks to lend...

Bihar is the first state in India to put information about students, teachers and educational status online as part of an effort to improve education Bihar has become the first state in the country to put details of Classes 1 to 8 of all its 70,000 government schools online. Only recently, a survey of primary education showed that the state, considered one of the most poorly developed in the country, had...

Indian Home Minister Palaniappan Chidambaram is the nation's domestic security chief, overseeing a broad portfolio that includes battling a homegrown Maoist insurgency and routing out terrorists. The 65-year-old, a veteran of the ruling Congress Party who previously held senior economic posts and played a key role in the country's post-1991 liberalization, is considered a future contender for the post of prime minister. Recently, he spoke to The Wall Street Journal. Here...

The budget for the next fiscal is likely to step up the target for farm credit to 4,50,000 crore, up 20% from the current year's 3,75,000 crore. With the agriculture sector seen growing at 5.4% in the current fiscal, the government will push banks to disburse more to the sector to maintain the momentum, said a senior government official. The upheavel in the micro-finance sector will also necessitate greater lending by banks. "The...

C.Chandramouli, registrar general and census commissoner of India, is on the threshold of one of the most challenging months of his career. As the head of an army of 2.7 million enumerators who will fan out for almost a month beginning 9 February, Chandramouli talked to Mint about the methods and controversies of the second phase of India’s 15th census exercise. Edited excerpts: The National Population Register (NPR) seems to be...