U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...

Sometime this month, Justice N Ramamohana Rao of the Andhra Pradesh High Court will deliver a verdict that will directly impact earnings of the 114 million people who work under the National Rural Employment Guarantee Scheme (NREGS), the Central government's work guarantee programme. The verdict will also indirectly impact earnings of the 400 million workers and labourers who toil in India's factories and fields for 'minimum wages'. The question Justice Rao...

National Advisory Council starts discussions on Lokpal Bill The Prime Minister's Office (PMO), late on Monday evening, issued an appeal to noted social worker Anna Hazare to abandon the hunger strike he had announced he would resort to, starting Tuesday, to force the government to accept his version of the Lokpal Bill. The appeal came a few hours after the National Advisory Council (NAC)'s Working Group on Transparency and Accountability met civil...

From the Prime Minister down, WikiLeaks has exposed the rotten state of the world's largest democracy for all to see. Food prices become intolerable for the poor. Protests against corruption paralyse Parliament. Then a series of American diplomatic cables released by the WikiLeaks exposes a brazenly mendacious and venal ruling class; the head of government adored by foreign business people and journalists loses his moral authority, turning into a lame duck. This...

The Right to Information Bill tabled in Parliament raises expectations to new levels by proposing a dedicated Information Commission for enforcement. Except, the commission is crippled at conception, with no direct penalizing powers. Prakash Kardaley comments.   The Central Right to Information Act as tabled before the Parliament is flawed. The penalty clause as proposed by the Sonia Gandhi chaired National Advisory Council (NAC) has been mercilessly diluted. The provision to keep...