The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...

A Central government-sponsored watershed development programme has given a new lease of life to the farming community in Ayalur in Gobichettipalayam block in Erode district. The programme has helped the farmers to adopt best water management practices and take up integrated nutrient management to enhance crop yield. These initiatives have also helped improve the quality of life of the farmers. Ayalur was one of the nine model watershed development projects sanctioned...

The Chairman and Editorial Director of Business Standard, T.N. Ninan, has been elected president of the Editors Guild of India which, in the wake of the Radia tapes, called upon editors to place integrity above all other considerations. Commi Kapoor of Indian Express was retained as general secretary at the annual general body meeting held here on Friday. Suresh Bafna of Nai Duniya was elected treasurer. Mr. Ninan succeeds Rajdeep Sardesai of...

A sea water farming project and a genetic garden of Halophytes are being launched at Vedaranyam today The year 2010 marks the 80th anniversary of the Salt Satyagraha launched at Dandi by Mahatma Gandhi and at Vedaranyam by Rajaji to establish that sea water is a social resource. A Sea Water Farming project and a Genetic Garden of Halophytes are being launched at Vedaranyam on December 26, 2010 to initiate a...

Fearing a default from Andhra Pradesh-based microfinance institutions (MFIs), whose cash flows have been disrupted by new laws, lenders have asked RBI to ensure stability by bringing the sector under its purview. In a meeting called by the Reserve Bank to discuss funding of MFIs, it asked banks whether the institutions were repaying loans on time and if the end-borrower was suffering because of the credit crunch faced by them. RBI...