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...

-India Today   Rural Development Minister Jairam Ramesh's pet land acquisition, rehabilitation and resettlement Bill, 2011 has run into major roadblocks in the parliamentary standing committee. Various stakeholders, including farmers' organisations, NGOs and legal experts contend that in its present form, the Bill is an empty shell that exempts 90 per cent major development projects - highways, nuclear plants, mines, SEZs et al-in the name of which, land is being acquired across...

-The Telegraph   Sharad Pawar’s hometown Baramati was shut down today by farmers demanding higher remunerative prices for sugarcane. The protest by the farmers has sent a strong political message to the ruling Congress-NCP government. Baramati is the seat of Maharashtra’s powerful and influential sugar belt that controls the state politics. Shops and establishments were closed down as hundreds of sugarcane farmers camping here for the fourth consecutive day intensified their protest and organised rasta...

-The Economic Times   The government's bid to fast-track passage of the land acquisition bill seems to have run into trouble. A significant section of the standing committee of Parliament do not approve provisions on valuation and transfer of land. Chairperson of the standing committee vetting the bill, Sumitra Mahajan , has said that the bill cannot be cleared in haste and more consultations would be needed. The bill is unlikely to...

Gail Omvedt, an America-born Indian, is a social anthropologist trained in the radical academic setting of the University of California during the angry 1960s and the tumultuous 1970s. Her doctoral thesis on the “Non-Brahman movement in western India, 1873-1920” set the stage for her engagement with the subcontinent. Today, first-rate professionals are making a beeline for the West, but in Omvedt we have an instance of the ‘reverse flow' happening some...