Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...

Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...

-The Business StaNDArd   A proposed move by the Centre to slash natural gas supplies to phosphorous and potash-based (P&K) fertiliser manufacturing units has seen a number of farmer bodies, agro-experts and scientists raise a howl of protest. The move could seriously impact soil fertility, which in turn could hit food production in the country, they warned. Nutrients in soil are necessary to increase overall productivity of agri-commodities to help meet the country’s...

-The Business StaNDArd Moving forward on sanitation will require big ideas National shame” is how most people, including some senior government functionaries, often refer to the pervasive practice of open defecation. Yet, the Total Sanitation Campaign (TSC), launched in 1991 with the noble objective of providing access to hygienic toilets for all by 2012, receives only scant attention from the government. The latest assessment indicates that as many as 22 states will...

-Economic and Political Weekly   The Law Commission’s bill on combating honour crimes falls short of what is required. Honour crimes &NDAsh; the illegal decrees by caste/clan/community panchayats to annul or prohibit marriages, social boycotts and even murder of couples &NDAsh; have finally drawn the attention of the State. A consultation paper released by the Law Commission contains a draft bill &NDAsh; The ­Prohibition of Unlawful Assembly (Interference with the Freedom of Matrimonial...