As I have watched mass hysteria build up over Anna Hazare’s fast, there have been moments when I felt that his supporters had forgotten that India is a democratic country. I have long believed that the most apolitical Indians are those who belong to the English speaking, tweeting, texting middle classes but I had no idea just how apolitical they were till last week. Without reading the Jan Lokpal bill...

Cash transfer as substitute for state service provision is a dangerous recipe for callously anti-poor and corrupt governance. THE staggering number of recent articles, papers and books on the virtues of giving cash in place of public services to the poor has created an impression that a sort of epidemic has broken out. Economists, policymakers, bureaucrats and newspaper commentators are all infected by it and are in turn infecting others. The central...

U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...

India finds itself bracketed with countries like Philippines and Cambodia, rated as the fourth most corrupt nation among 16 countries of the Asia Pacific region surveyed by leading Hong Kong-based business consultancy firm PERC. The Political and Economic Risk Consultancy Ltd (PERC) rated India at 8.67 on a scale of zero to 10 with the high end being the worst case of corruption scenario and ahead of the Philippines (8.9 points),...

Bangladeshi Nobel laureate Muhammad Yunus has launched a legal battle, one day after he was sacked from the Grameen microfinance bank he founded. Prof Yunus lodged a case in Bangladesh's High Court challenging his dismissal from the post, lawyers said. The central bank sacked him saying he was past retirement age and had been improperly installed in his post. Grameen Bank disputes the accusations. He has been under pressure from the government to...