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...

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...

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...

Health is a state of mental, social and physical well-being and not merely an absence of disease or infirmity. To achieve this noble objective, India requires health care professionals who are trained in institutions with standardised infrastructure, and the availability of accessible and equitable health care for both the rural and urban populace. Recently, the health sector has been in the news — from the creation of a rural based...

Private school admissions may soon see a sweeping change if the government has its way after notifying rules under the Right of Children to Free and Compulsory Education (RTE) Act. While the government plans to ensure 25% reservation for underprivileged children by assigning officials to closely monitor the admission process in all schools, including unaided private institutions, a proposal to impose a firstcome-first-served rule may do away with preferential admissions...