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Small loans add up to lethal debts by Erika Kinetz

-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides   First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...

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Food Bill may Get 5,000 Crore in Budget by Devika Banerji

Signalling its commitment to roll out the Food Security Bill in the next fiscal, finance minister Pranab Mukherjee is likely to announce a token allocation of Rs. 5,000 crore in the forthcoming budget. The funds would primarily be directed at creating and strengthening the institutional arrangement to deliver the massive allotment promised under the scheme. The food security bill is of extreme political importance to the United Progressive Alliance (UPA)...

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Professor Arjun Appadurai, Goddard Professor of Media, Culture and Communication at New York University interviewed by Smruti Koppikar

Professor Arjun Appadurai is a Mumbaikar at heart; coming to the city is an annual pilgrimage for this internationa­lly renowned cultural theorist and anthropologist. Appadurai, 62, who studied in Mumbai’s Elphinstone College, is currently Goddard Professor of Media, Culture and Communication at New York University. He has been consultant and advisor to a wide range of public and private foundations such as The Smithsonian. In his seminal work Disjuncture and...

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BJP’s Team B by Dhirendra K Jha

The mask is off. Team Anna and his lieutenants are batting for the BJP On 30 October last year, when Mohan Bhagwat claimed that Anna Hazare’s anti-corruption movement was actually supported by the RSS, the remark conveyed palpable nervousness and attracted criticism from Team Anna. Three months later, as Team Anna launches its voters’ awareness campaign in UP, there is not even an attempt to keep its secular mask intact. The mask,...

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Bribing of voters to be made a cognisable offence by J Balaji

The Law Ministry has reportedly accepted a proposal of the Election Commission to amend the law to make bribing of voters, either in cash or kind, a cognisable offence. It has written to the Home Ministry seeking issue of an ordinance to amend IPC Section 171(B), under which the bribe giver is now booked, to make it a cognisable offence. It would also apply to those who take bribes. With the...

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