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Microfinance Institutions Bill

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Ela Bhatt, whose SEWA empowered unorganised women workers, passes away

Renowned women's rights activist Ela Bhatt, the founder of SEWA (Self Employed Women's Association), died in Ahmedabad on Wednesday due to age-related issues, her associates  said. Bhatt, 89,......

'Economic activities are expected to improve'

'We are very watchful about inflation and growth. But the main challenge is economic revival and growth' IMAGE: Finance Minister Nirmala Sitharaman, left, and Reserve Bank of India Governor......

Economic activity down in April, May but shock less severe than 2020: Fitch

Fitch Ratings on Monday said the shock to economic activity from the latest wave of COVID-19 pandemic will be less severe than the one in 2020, but recovery is likely to be delayed as economic......

Why MFIs could end up losing Rs 1,500 cr

Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment. Illustration: Dominic Xavier/Rediff.com The microfinance......

'Fresh start', a big challenge facing the microfinance industry

The origin of the challenge is the so-called 'fresh start' process.Many in the MFI industry apprehend that such a law in India will encourage small unsecured borrowers to default and destroy the......

Is Modi on a moral crusade or pursuing a political strategy?

What is the wider political strategy behind Mr Modi's concerted attack on black money, asks Subir Roy. IMAGE: 'Politicians who get elected through a process that is steeped in unaccounted cash,......

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