Andhra Pradesh Governor ESL Narasimhan met Congress president Sonia Gandhi on Friday evening to reportedly discuss the administrative and political situation in the state. The two discussed the......
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon. IMAGE: Finance Minister Nirmala Sitharaman leaves for Parliament to present the......
'Let us not say that Modi has not delivered on anything; he has delivered something and in parts substantially, but he has to also deliver on a large number of his electoral promises.' M R......
President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political,......
The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce......
Investors are shying away from securitised loans of micro-finance institutions (MFIs), as the ordinance issued by the Andhra Pradesh government has slowed recoveries, creating uncertainty around......
Reserve Bank of India announced on Friday constitution of a sub-committee to look into the functioning of Micro Finance Institutions, as they have drawn flak for using strong arm tactics to recover......
'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.' Illustration: Dominic Xavier/Rediff.com Microfinance institutions (MFIs) have become......
Criticising interest subsidy schemes and loan waivers, RBI Governor Raghuram Rajan said they are prone to misuse by borrowers, including farmers, and suggested a rate ceiling for loans by micro......