Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

-Express News Service   For a country making strides as an emerging economic power, gender inequality remains an area where it compares poorly with the rest of the world. India is placed 129th among 146 countries in terms of GII, or gender inequality index, far behind neighbouring Sri Lanka at 74 and lagging most other countries in the region. Bangladesh, Nepal and Pakistan are ranked 112, 113 and 115 in terms of this...

-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...

The impending BPL Census exercise will not help the poor; on the contrary, it will further deny them a fair share in national resources. The BPL, or Below Poverty Line, Census 2011 for the rural areas will start in select States this month. In a country such as India with vast numbers of the poor, counting the poor often becomes an exercise in undercounting and dividing them, to suit the wholly...