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...
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Panchayat polls: Unusual candidates try their luck by Maulshree Seth
Panchayat elections in Uttar Pradesh this time have seen unusual candidates jumping into the fray. There are teachers, shopkeepers, businessmen, relatives of politicians and even wives of BSP ministers. Some of them took leave from their normal work and some even sold their properties to take part in the polls. All claim they want to serve their village, block or district, but it is alleged that the lure of money pouring...
More »Business Class Rises in Ashes of Caste System by Lydia Polgreen
Chezi K. Ganesan looks every inch the high-tech entrepreneur, dressed in the Silicon Valley uniform of denim shirt and khaki trousers, slick smartphone close at hand. He splits his time between San Jose and this booming coastal metropolis, running his $6 million a year computer chip-making company. His family has come a long way. His grandfather was not allowed to enter Hindu temples, or even to stand too close to upper-caste...
More »Turnaround of India State Could Serve as a Model by Lydia Polgreen
For decades the sprawling state of Bihar, flat and scorching as a griddle, was something between a punch line and a cautionary tale, the exact opposite of the high-tech, rapidly growing, rising global power India has sought to become. Criminals could count on the police for protection, not prosecution. Highwaymen ruled the shredded roads and kidnapping was one of the state’s most profitable businesses. Violence raged between Muslims and Hindus, between...
More »Politics of Women's Reservation Bill by Vidya Subrahmaniam
Not a quota within quota but a commitment to social justice and a proactive offer to field women from the subaltern strata. That is the way to silence the opponents of the Bill. Fourteen years and one small victory later, the Women's Reservation Bill has again begun to look iffy. In all this time, a lot many things could have been done independent of the fate of the Bill. Those in...
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