Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microfinance, the business of providing the poor with loans, as small as R5,000, secured not with...

A high-level working group of the Government of India has approved the idea of outbound foreign direct investment by Indians in the production of pulses and oilseeds aimed at meeting domestic demand. This is not a new idea. Since arable land in India is fast shrinking and efforts to lift the output of pulses and oilseeds, besides some other essential commodities, are not bearing fruit, investing in land elsewhere for...

Launched 20 years ago with the simple line that "people are the real wealth of a nation", the United Nations' Human Development Report has become the most trusted annual indicator of progress in developing nations. The 20th anniversary report charts progress going back 20 years before that first publication - so it is an ambitious attempt to chart development achievements - or not - going back 40 years. The UN Development Programme's...

India has been elected to the board of a new UN agency to promote equality for women but Iran failed to win a seat due to strong opposition from the US and human rights groups. UN Women is the amalgamation of different United Nations bodies focused on women. It was created this year to look exclusively at gender equality and empowerment of women. The 41-member executive board also includes the US and...

The world has made significant progress in income, education and health over the past 40 years, but the gains have been uneven and in some places war and the ravages of AIDS shortened life spans, according to a United Nations report on Thursday. Over all, average life expectancy around the globe jumped to 70 years in 2010, up from 59 in 1970. School enrollment through high school reached 70 percent...