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...
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Cleansing the State by Krishna Kumar
The anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...
More »AP Impact: Right-to-know laws often ignored by Martha Mendoza
CHANDRAWAL, India—Satbir Sharma's wife is dead. His family lives in fear. His father's left leg is shattered, leaving him on crutches for life. Sharma's only hope lies in a new law that gives him the right to know what is happening in the investigation of his wife's death. Most of all, he wants to know what will happen to the village mayor, now in jail on murder charges. He talks quietly, under...
More »Nobody’s Property by Lola Nayar
How do you quantify happiness in a diverse nation like ours? Growth levels, value-based structural changes, what can affect it? Life is Elsewhere? Bhutan’s GNH: Based on the Buddhist doctrine of harmony with environment and fellow beings besides material comfort UNDP Human Development Report: Ranks nations on quality of life—adjusted real income, life expectancy, education etc World Values Survey: Started in 1995, it explores impact of social and political changes...
More »Falling Through The Cracks by Ananthapriya Subramanian
Two stories on two days, both from Delhi and both shocking in their revelations. Both involved child abuse. The first story was about a university professor on the run, allegedly after it came to light that he had employed a 10-year-old boy in his house, and worse, regularly beat him. The second story was even more mind-numbing in its details. Sanjana (name changed to protect identity), a 14-year-old girl, is...
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