The National Advisory Council, headed by Sonia Gandhi, has worked out a compromise formula for the food security act on Saturday. Keeping in mind the budgetary and the foodgrain constraints of the government the council has proposed “near universal with differential entitlements” food security programme. Under the compromised formula, 90% of the rural households and […]
one of the most remarkable people i have met this year is shashi rajagopalan. a member of the Nabard and RBI boards, she has worked with credit cooperatives and farmers’ agri-processing units through much of her life. in this chat, she talks about why cooperatives are needed, and how to revive them. (this follows the interview with the […]
In the past two months, RBI has informally directed Sidbi to not invest in any non-banking finance companies without its approval… Sidbi has also been told by the finance ministry to ensure that Indias MFIs do not levy onerous interest rates. Further,it has been told to commission a study on interest rates and to start […]
this is the draft of a story on microfinance agents that never got published. i could not conclusively prove the existence of these microfinance agents. but it is an interesting read nonetheless, on how the informal economy subverts the formal sector’s best laid plans. take a look. In xx, while auditing the books of an […]
An investigative ET report on why Suresh Gurumani had to go. (see this article for context)
on the fourth of october, sks microfinance surprised all and sundry by announcing it had fired CEO Suresh Gurumani.