India has been elected to the board of a new UN agency to promote equality for women but Iran failed to win a seat due to strong opposition from the US and human rights groups. UN Women is the amalgamation of different United Nations bodies focused on women. It was created this year to look exclusively at gender equality and empowerment of women. The 41-member executive board also includes the US and...

The term “bottom of the pyramid” (BOP), coined by the late C K Prahalad, became wildly attractive in the early noughties, in part because the concept, which suggests that it is possible and legit to make money from the poor, provided a leavening justification for the animal spirits of capitalism in poor countries like India and China with their growing list of Forbes billionaires. On the verge of the second decade...

The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

The Centre informed the Supreme Court on Thursday that it would soon put in place the National Food Security legislation after taking into consideration the recommendations of the National Advisory Council. This law would address the court's concerns over making foodgrains allotment to the States. Attorney-General G. E. Vahanvati told a Bench of Justices Dalveer Bhandari and Deepak Verma that pending enactment of the legislation, a committee was constituted to monitor...

The Centre today informed the Supreme Court it has set up a 10-member committee to monitor creation of foodgrain storage capacity and prudently manage stocks but sidestepped the matter of releasing more to the public distribution system (PDS). The committee will be headed by the secretary, food and public distribution. The court has repeatedly asked for more grain for ration shops so that it reaches the poor. The government has been resisting,...