Month: November 2010
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Change in the Air?
This article was written after attending the hearing where Amicus Harish Salve suggested that the Supreme Court direct the Centre to set up one or more statutory authorities to ensure the country’s forest policy is implemented “in letter and spirit”. If Mr Salve’s suggestion is accepted by the bench, it would represent nothing less than the […]
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MFIs seek a Rs 1,000 crore helpline
The Microfinance Institutions Network (MFIN), a self-regulatory body of a clutch of 44 NBFC MFIs, has asked for Rs 1,000 crore in the form of business continuity facility, an euphemism for emergency money, to ensure survival. In an email to fellow MFIN members, Vijay Mahajan, the president of the NBFC-MFI association, said the loan has […]
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On the AP Microfinance crisis
a few months ago, papers and tv channels in andhra pradesh began reporting that women who had taken loans from microfinance companies were killing themselves. after 2005-06, when there had been similar reports of suicides amongst MFI borrowers back in 2005-06 (see this), this was the second such outbreak. the whole thing was surprising. while media […]
Fractured/Earth 