Month: August 2010
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NC Saxena committee says “No!”
It’s very easy to mine in this country once you take the consent of the local communities. They are rational people. If the project is beneficial for them, they will agree. But, look at the development tribals get from these projects. Local communities get less than 5% of the jobs created by these projects. In […]
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The puzzling case of Unitus’ nonprofit ops
Roughly a month before the SKS Microfinance IPO , the Seattle-based charity Unitus, a large investor in the firm, unexpectedly announced it was shuttering its non-profit operations in micro-credit and laying off more than 40 employees. The decision sparked a controversy because Unitus stood to make $70-80 million from the sale of its shares in […]
Fractured/Earth 