and a look at what debt restructuring means for mfi promoters. “I have a 45% stake,” says a promoter of a leading MFI. “If we restructure Rs 1,000 crore of debt, my stake will drop to about 1%.” This will be a setback for promoters of MFIs such as Spandana Spoorthy and Share Microfin, which […]
Monthly Archives: May 2011
the mfi story continues to unfold. in this story, my colleague john samuel and i look at why mfis’ attempts to restructure their debt are off to a poor start.
In the middle of this week, the RBI broadly accepted the reccos of the malegam committee report. With that, India’s beleaguered MFIs finally have a regulatory framework under which to operate. In this quick and dirty story, I try to understand what the new framework means for the MFIs.
And this is the second story in the fertiliser package that the Economic Times published. The ministry of fertilisers is planning to migrate to cash transfers in three phases. In the first phase, to be completed by December, it will extend its fertiliser management software beyond the 30,000 fertiliser warehouses to 230,000 licenced retailers. In […]
Every year, Lakshminarayan Sharma, a sharecropper in a village about 30 kilometres off the ancient town of Vidisha, Madhya Pradesh, rents 10 bighas of land from a bigger farmer and plants soya and wheat. For several years now, he has been seeing a worrying trend. The soil is weakening. Traditional crops, he says, do not […]
