SKS Microfinance Ltd on Thursday said it may downsize operations and even “shut shop” in Andhra Pradesh, which accounts for a quarter of its business, if the southern state retains its recent Act governing microcredit operations. “If the state Act is not repealed, we wouldn’t have a choice but to shut shop in Andhra and leave,” founder and chairman Vikram Akula said. India’s largest and only listed microfinance institution (MFI) would not,...

The ministries of Environment and coal may still be bickering over the classification of ' go' and ' no- go' areas for mining , but an International Labour Organisation ( ILO)- funded report on India's indigenous population claims that more than half the country's mineral wealth is obtained by violating the rights of tribals. 'India and the Rights of Indigenous Peoples', a report prepared by the Asia Indigenous Peoples Pact with...

The face of agriculture in India is changing fast. It needs to become not only sustainable but also profitable for farmers especially the young to stay on the land and cultivate it. The farmers must understand how markets respond to agricultural produce. He should not stop by spending all his life's energy and resources on creating the agricultural produce, but should know how to get good returns for his efforts. This is...

Nitish calls for balanced view on proposed plant in Chainpur Agitators allege misinformation on perceived hazardous fallouts of proposed plant “17.8 acres of land acquired to set up the factory is cultivable, fertile” Taking note of the mounting public uproar against the proposed asbestos factory at Bishnupur-Chainpur village in Muzaffarpur district, Bihar Chief Minister Nitish Kumar on Monday said “there was no ban on setting up asbestos factories in India.” Mr. Kumar, however, said...

Prime Minister Manmohan Singh's observation that enforcement of Environmental regulatory standards should not lead to a throwback to the days of the licence-permit raj strikes a jarring note in an era of enlightened, science-based conservation. By projecting regulation as a threat to economic development, he has brought needless pressure to bear on the nascent efforts of Minister Jairam Ramesh to bring accountability and transparency to the Ministry of Environment and...