Amid the heat and Dust over high interest rates charged by microfinance institutions and reports of coercive recovery methods by some lenders in Andhra Pradesh, MFIs in eastern India are trying to strike a more cordial note with borrowers by lowering interest rates. At least three MFIs based out of Kolkata are on the verge of slashing lending rates by nearly 500 basis points to 19.1% per annum, on reducing balance...
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Delay as stratagem by MJ Antony
When the revenue departments sleep over cases they had lost in the courts and do not appeal for long, it is difficult to tell whether it is just red tape or something else. Their lethargy causes losses to the government and gains to tax dodgers. The new chief justice of India (CJI) started his stint in the Supreme Court a few months ago with a strict code for the indolent babus....
More »A Hindu Sect Devoted to the Environment by Akash Kapur
About three kilometers from this village, across dirt tracks and open scrubland, there is a settlement of seven mud huts bordered by millet and lentil fields. No electricity or telephone poles run to these huts. There’s not a satellite dish to be seen. In the dry, open land that surrounds the settlement — part of the great Thar Desert that dominates the western part of the state of Rajasthan — black...
More »Driven to despair by S Dorairaj
Trade unions and labour rights activists blame the high suicide rate in Tirupur, Tamil Nadu, on the practices of the garment inDustry. TIRUPUR has carved out a niche for itself in the world of garments. Its phenomenal growth in the highly competitive global scenario, particularly in the past two decades, has been made possible by the entrepreneurial spirit of its manufacturers and exporters and the sweat and labour of thousands of...
More »India to study impact of carbon aerosols on public health
At a time when carbon aerosols including black carbon caused by incomplete combustion are being linked to global warming, an integrated national research programme will study its impact on public health, rainfall patterns and glacial health in the country. "While various institutes in the country have been working on aerosols, including black carbon for some time now, India needs to assume a major leadership role in aerosol science," Environment Minister Jairam...
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