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...

Is gulping down litres of carbonated soft drinks harming your health? We will soon know. The Union health ministry on February 7 informed the Supreme Court that a definitive study is now being undertaken by the National Institute of Nutrition ( Hyderabad) "to assess the effects of consumption of carbonated water beverages and soft drinks on health of adolescents and young adults". The final report of the study is expected to...

The Environment Ministry's clearance of projects such as Posco, Jaitapur and Lavasa will cause havoc in our gravely endangered environment. EVEN the worst pessimist could not have imagined that the January 31 order of the Ministry of Environment and Forests (MoEF) approving the South Korean-origin company Posco's steel project in Orissa would be as bad as it actually is. Construction of the Rs.54,000-crore steel plant, its captive power unit and private...

SKS Microfinance Ltd on Thursday said it may downsize operations and even “shut shop” in Andhra Pradesh, which accounts for a quarter of its business, if the southern state retains its recent Act governing microcredit operations. “If the state Act is not repealed, we wouldn’t have a choice but to shut shop in Andhra and leave,” founder and chairman Vikram Akula said. India’s largest and only listed microfinance institution (MFI) would not,...

If the Unique Identity project is such a good thing why is the man heading it unable to answer simple questions about it? Since the publication of his doorstopper of a book Imagining India in 2009, Nandan Nilekani has done a superb job of reinventing himself. The former head of software giant Infosys Technologies was overnight cast in the role of a visionary with his unabashedly free market prescription to turn...