The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...

Prime Minister Manmohan Singh has shot down the Sonia Gandhi-headed National Advisory Council's recommendation that the National Rural Employment Guarantee Scheme (NREGS) workers be paid the minimum wages set by states. The prime minister, in his December 31 letter to the UPA chairperson, clarified that the wage rate fixed by the central government would be indexed to inflation but not linked to the Minimum Wage Act. The PM's letter says...

The family of murdered RTI activist Satish Shetty today alleged that the police did little to nab the “real culprits” during the months they investigated the murder. This “inaction”, younger brother Sandeep Shetty said, has emboldened land sharks, citing as a case in point Sunday's Attack on an associate of Shetty in Talegaon, the very place where Shetty had been murdered on January 13 last year. The case has since been...

State information commissioner Vijay Kuvalekar on Monday accepted a complaint application from RTI activist Vijay Kumbhar and directed the authorities, including the district collector and the SP, Pune rural, to declare the information sought by slain whistleblower Satish Shetty on January 7. The commissioner also directed to give a copy of the report to RTI activist Arun Mane, Kumbhar said. Kumbhar had filed a complaint application, demanding declaration of all...

Withholding Talegaon land deal info sought by friend of slain activist Satish Shetty tantamount to violation of RTI Act, State Info Commission tells government agencies A day after slain RTI activist Satish Shetty's friend and fellow RTI campaigner Arun Mane was Attacked, allegedly for pursuing matters that Shetty had been after before his death, the Pune bench of the State Information Commission yesterday issued a pathbreaking order when it asked for...