U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...
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Raid on bad Blood Banks by Joy Sengupta
Acting on a letter of Bihar State AIDS Control Society, police today conducted raids on at least three illegal Blood Banks in the state capital and arrested their eight representatives. The police also detained six blood donors for questioning and verifying facts. The donors, all rickshaw-pullers and makeshift stall owners, were in dire need of money. The agents of the Blood Banks allegedly lured them to “donate” blood for Rs 300...
More »Promises to keep by Harsh Mander
Even four years after the Sachar Committee Report revealed that Muslims were one of the most economically backward and socially disadvantaged communities, nothing much has been done to address the development deficits of this community. The Constitution of the republic of free India was crafted in troubled but idealistic times. The Indian people were still reeling from Partition bloodshed and the assassination of Mahatma Gandhi, in the dark shadows of politics...
More »Kerala’s pesticide puzzle by Shaju Philip
Twice every year, between 1981 and 2000, a helicopter would whirr around the hills of the Western Ghats in Kasargod, a district in north Kerala bordering Karnataka, spraying endosulfan over the cashew plantations on the upper reaches. Children would rush out to take a look at the helicopter and the white spray would settle like mist on their heads and on leaves and shimmer in the sunlight. But that’s also...
More »Microlenders, Honored With Nobel, Are Struggling by Vikas Bajaj
Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...
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