Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced deparTure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...
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Govt moves to take conduct code out of EC purview by Maneesh Chhibber
After its senior leaders defied Election Commission stricTures over the model code of conduct, the Congress-led UPA government has started working quietly on giving the code statutory backing. If it is successful, complaints pertaining to code violations will go out of the purview of the EC. The “secret” agenda notes circulated for the seventh meeting of the group of ministers (GoM) on corruption, headed by union Finance Minister Pranab Mukherjee, scheduled...
More »A solid sense of security by Manish Tewari
It’s not just the NCTC — we need to provide a statutory basis and oversight mechanisms for all our intelligence agencies The protest by eight chief ministers, characterising the Union government’s decision to give powers of search and arrest to the National Counter Terrorism Centre (NCTC ) under Section 43 (a) of the Unlawful Activities Prevention Act 1967 as an assault on federalism, comes in the wake of a “sticky bomb”...
More »Satara man kills daughter for wanting to marry outside caste by Chandan Haygunde and Anuradha Mascarenhas
When Asha Shinde left Aundh in Maharashtra’s dusty Satara district to pursue the dream of a career in Pune a couple of years ago, she demonstrated to her sleepy hometown a quiet defiance that it was unfamiliar with. On Tuesday, the shocked town was saying it is even less familiar with what happened two days ago. On Sunday morning, 25-year-old Asha was bludgeoned to death by her father in their home...
More »Seeds Of Change by Lola Nayar
Maharashtra sounds clarion call on hybrid crop liability Competition is tough in the seed market, which may explain why marketing gimmicks are often used to woo farmers. It’s tougher still for the farmers to get compensation when the claims fail and they are saddled with a bad or damaged crop. Sometimes the state government steps in to offer compensation or the farmers Turn to the consumer court for relief. Typically, of...
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