Slowly, the regulatory regime for the MFIs takes shape. The thing I am marvelling about, though, is this. The new regulatory regime looks like it will be the amalgam of the steps taken by assorted institutions trying to fix the problems they see — the AP Ordinance plus the Malegam committee recommendations plus the Microfinance Bill plus the Supreme Court verdict. As opposed to, say, a unified policy response to the crisis in/by the sector.
Which is roughly what I had also seen while studying the drafting of the Forest Rights Act in 2009. Law making, unlike what Akhileshwar Pathak writes in Laws, Strategies and Ideologies, can actually be the sum of disparate parts being strung together. (I should upload that paper soon. Soon, once I, sigh, finish its damn conclusion)
I am an Indian journalist with interests in energy, environment, climate and India’s ongoing slide into right-wing authoritarianism. My book, Despite the State, an examination of pervasive state failure and democratic decay in India, was published by Westland Publications, India, in January 2021. My work has won the Bala Kailasam Memorial Award; the Ramnath Goenka Excellence in Journalism Award; five Shriram Awards for Excellence in Financial Journalism; and, more recently, been a finalist at the True Story Award and GIJN’s Global Shining Light Awards. Write to me at despitethestate@protonmail.com.
“Westland closure: Titles that are selling fast and a few personal recommendations,” by Chetana Divya Vasudev, Moneycontrol. (Because this happened too. In February, a year after DtS was released, Amazon decided to shutter Westland, which published the book. The announcement saw folks rushing to buy copies of Westland books before stocks run out.)
Fractured/Earth 
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