Leading micro-lender SKS Microfinance today hinted that it could move the courts if the recent Andhra Pradesh notification prohibiting collection of loan repayments on a weekly basis is not withdrawn.The notification stipulated that the periodicity of repayment by self-help group (SGH) members to MFIs should not be less than a month, even under existing loan agreements.However, microfinance institutions operating in the state have railed against the move."In the event the...

Just as the Union Cabinet approved a Bill seeking to protect women from sexual harassment at workplaces, a survey by a non-government organisation has claimed that nearly 88 per cent of the female workforce in Indian Information Technology and business process outsourcing and knowledge process outsourcing (BPO/KPO) companies reported having suffered some form of workplace sexual harassment during the course of their work. Close to 50 per cent women had been...

In what will be a first for an Indian company, the local unit of beverage giant Coca-Cola has applied to the Food Safety and Standards Authority of India (FSSAI) for permission to use stevia, a natural sweetner, in its products. Coca-Cola, in a joint application with Malaysian company, Pure Circle, which specialises in extraction of natural goodness from plants, has requested for use of stevial glycosides (commonly called stevia) singly or...

The heat on telecom minister A Raja is rising, with the Comptroller and Auditor General holding him personally responsible for the sale of 2G spectrum at dirt cheap rates in 2008, resulting in a loss of up to Rs 1.70 lakh crore to the national exchequer. The damning indictment stacks the odds even higher against Raja, who is already under intense scrutiny by the telecom watchdog, civil society and the Supreme...

Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...