The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...

The case of the Food Security Bill gets curiouser and curiouser.  What started off as a fight between universalization and targeting has ended (or so it would seem) in a complete victory in the National Advisory Council, Government of India (NAC) for targeting through universalization (if such a thing was possible), with the honourable exception of Prof Jean Dreze, who has to be commended for his ‘note of disagreement’. On...

Noted development economist and Planning Commission member Abhijit Sen talks about how government funds find their way into insurgent hands, and why the government is unable to check this. There are a number of reports that suggest that development funds are landing in the wrong hands. What are the various aspects of fund diversions? It's a well-reported fact that public money is finding its way into the hands of extremists. There...

This important question of law referred to larger Bench of Supreme Court Is a person belonging to a Scheduled Caste/Scheduled Tribe in a State entitled or not to benefits or concessions allowed to SC/ST candidates in employment in another State? The Supreme Court on Thursday referred this question to a larger Bench. A Bench of Justices B. Sudershan Reddy and S.S. Nijjar, in its order, said: “A very important question of law...

While there is all-round concern about how the NREGA funds are being utilised at the grass-roots level, the Union rural development ministry has initiated the process of inducting technology to streamline the delivery system under NREGA. This will have a revolutionary impact on programme delivery. With about 50 million people working on site in 2,50,000 panchayats all across the country, the magnitude of the task is daunting. However, once the initial...