July 2011
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Worst over for MFIs?
reported for this story by my colleague atmadip on how the credit taps might be opening up again for the mfis. which is good for them. coz the last few months have seen mfi loan portfolios shrink as bank lending dried up. At Chennai-headquartered Equitas, the asset base is down from 950 crore to about… Continue reading
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More on Shashi Rajagopalan
Your question was on how to revive PACs. We have to make them thrift-oriented where every member must save x rupees every month instead of waiting for banks to refinance or for Nabard to step in. That may continue but that cannot be a long-term plan. The long-term plan has to be your own funding. When… Continue reading
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the first six years of nrega: an interview with reetika khera
economist and iit delhi professor reetika khera is out with a new, edited volume on the first six years of nrega. and given that i am interested in figuring the myriad ways in which india — politicians, state governments, the centre, rich and poor farmers, babus, what have you — is responding to nrega, i… Continue reading
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fixing india’s agri crisis. option one. turn to conservation agriculture.
after the stories on dryland agriculture and the crisis in indian agricultural soils, there is this… It’s incontrovertible that Indian agriculture needs an overhaul. Yields are plateauing. Agricultural soils are weakening. Groundwater levels are collapsing. Farmers are leading lives of increasing desperation. The big question is: how do we fix agriculture? Does the answer lie… Continue reading
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India’s soil crisis
In his fields, Badhia Naval Singh , a farmer tilling 8 bighas of land in the Bagli tehsil in Madhya Pradesh, has been seeing something strange for a while now. Earlier, if he pulled out a tuft of grass, he would see earthworms . “Ab woh dikhna bandh ho gaye hain (they don’t show up… Continue reading
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on the draft bill that seeks to set microfinance right
With the Finance Ministry completing its draft Microfinance Institutions (Development and Regulation) Bill, another large piece of the puzzle on how to regulate Microfinance Institutions has fallen into place. It has been a tough puzzle to crack. In the beginning of last year, when complaints about women being pushed into debt traps were gathering pace,… Continue reading
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It’s here. drumroll. the draft microfinance bill.
the draft microfinance bill is up on the finmin website for comments. a look at what it says. Continue reading
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; and five Shriram Awards for Excellence in Financial Journalism. Write to me at despitethestate@protonmail.com.
Reviews
“…une plongée dans les failles béantes de la démocratie indienne, un compte rendu implacable du dysfonctionnement des Etats fédérés, minés par la corruption, le clientélisme, le culte de la personnalité des élus et le capitalisme de connivence. (…a dive into the gaping holes in Indian democracy, a relentless account of the dysfunction of the federated states, undermined by corruption, clientelism, the cult of the personality of elected officials and crony capitalism).” Le Monde
“…a critical enquiry into why representative government in India is flagging.” Biblio
“…strives for an understanding of the factors that enable governments and political parties to function in a way that is seemingly hostile to the interests of the very public they have been elected to serve, a gross anomaly in an electoral democracy.” Scroll.in
“M. Rajshekhar’s deeply researched book… holds a mirror to Indian democracy, and finds several cracks.” The Hindu
“…excels at connecting the local to the national.” Open
“…refreshingly new writing on the play between India’s dysfunctional democracy and its development challenges…” Seminar
“A patient mapping and thorough analysis of the Indian system’s horrific flaws…” Business Standard (Image here)
“33 മാസം, 6 സംസ്ഥാനങ്ങൾ, 120 റിപ്പോർട്ടുകൾ: ജനാധിപത്യം തേടി മഹത്തായ ഇന്ത്യൻ യാത്ര… (33 months, 6 states, 120 reports: Great Indian journey in search of democracy…)” Malayala Manorama
“Hindustan ki maujooda siyasi wa maaashi soorat e hal.” QindeelOnline
“What emerges is the image of a state that is extractive, dominant, casteist and clientelist.” Tribune
“…reporting at its best. The picture that emerges is of a democracy that has been hijacked by vested interests, interested only in power and pelf.” Moneycontrol.com
Book lists
“Ten best non-fiction books of the year“, The Hindu.
“Twenty-One Notable Books From 2021“, The Wire.
“What has South Asia been reading: 2021 edition“, Himal Southasian
Interviews
“Journalism is a social enterprise…,” Booksfirst.in.
“Democratic decay at state level: Journalist M Rajshekhar on book ‘Despite the State’,” The News Minute.
“Covid-19 en Inde : “des décès de masse” dont un “État obscurantiste est responsable,” Asialyst.
Allusions/Mentions
“JP to BJP: The Unanswered Questions“.
Mahtab Alam’s review of “JP to BJP: Bihar After Lalu and Nitish”.
“Urban History of Atmospheric Modernity in Colonial India“. Mohammad Sajjad’s review of “Dust and Smoke: Air Pollution and Colonial Urbanism, India, c1860-c1940”.
“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.)
“Time to change tack on counterinsurgency” by TK Arun, The Federal.
“All Things Policy: The Challenges of Governing States” by Suman Joshi and Sarthak Pradhan, Takshashila Institute (podcast).
“The Future of Entertainment“, Kaveree Bamzai in Open.
“On What India’s Watching“, Prathyush Parasuraman on Substack.
“The puppeteers around us“, Karthik Venkatesh in Deccan Herald.
“Will TN election manifestos continue ‘populist’ welfare schemes?“, Anna Isaac for The News Minute.
“Why wages-for-housework won’t help women“, V Geetha in Indian Express.
“The poor state of the Indian state“, Arun Maira in The Hindu.
Book discussions
27 May, 2023: Safe Spaces/Why Indians live despite the state. TEDx Bangalore.
12 November, 2022: Stop Loss: Overcoming the systemic failures of the Indian State. Tata Literature Festival, Mumbai.
26 December, 2021: Rangashankara, Bangalore, a discussion with Dhanya Rajendran.
16 November: Rachna Books, Gangtok, a discussion with Pema Wangchuk.
29 August: Books In The Time of Chaos, with Ujwal Kumar.
21 May: Hyderabad Lit Fest with Kaveree Bamzai and Aniruddha Bahal.
28 March: Paalam Books, Salem, Tamil Nadu.
19 March: The News Minute, “Citizens, the State, and the idea of India“
6 March: Pen@Prithvi, with Suhit Kelkar
20 February: A discussion between scholars Usha Ramanathan, Tridip Suhrud, MS Sriram and me to formally launch Despite the State.
6 February: DogEars Bookshop, Margoa.
5 February: The Polis Project, Dispatches with Suchitra Vijayan.
30 January: Founding Fuel, “Systems Thinking, State Capacity and Grassroots Development“.
25 January: Miranda House Literary Society
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