Advocates of liberalisation argue that by reducing state intervention and increasing transparency economic reform reduces corruption. Recent allegations of corruption suggest that this may not be true. In a season for scandal, allegations of large scale corruption have captured political India's attention. The instances to which such allegations relate are many, varying from the sale of 2G spectrum and the mobilisation and/or disposal of land and mining resources to purchases made...
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Guests in the city by Sreelatha Menon
The city is teeming with guests. They are migrant workers from neighbouring states who are in the city for work, for better income, for better living conditions and for everything else that makes the city attractive. They are mostly employed in the unorganised sector, as vendors, contract workers at construction sites, rickshaw-pullers or domestic workers. The city does not seem to care for them. They stumble around learning the ways of...
More »Towards a Comprehensive Food Security Bill for All by Dipa Sinha
The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition. There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...
More »Need to regulate microfinance institutions: AIDWA by Parvathi Menon
Among the several resolutions passed on Thursday by the 9th conference of the All India Democratic Women's Association (AIDWA) in Kanpur, one of the most important ones was on the need to regulate microfinance institutions (MFIs), which are exercising an iron grip on poor women debtors in several States of the country. The resolution drew attention to the “spate of suicides as a result of the harassment and strong-arm tactics employed...
More »Big concerns over small loans by Bindu Ananth and Nachiket Mor
Microfinance is an effective tool for financial inclusion. Here are some elements of the recently embattled sector The recent controversy surrounding the microfinance sector has entirely eclipsed the fact that it is the first effort in India to have delivered financial services to remote corners of the country in a self-sustaining manner. The stakes are high for India’s poor, and we have to pave the way for orderly growth in the...
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