Big financial institutions of all sorts are in dire straits across the globe. But one category remains unaffected—micro-finance. Even as the global financial system freezes and giants like Lehman Brothers collapse, micro-finance institutions (MFIs) are expanding unfazed. Famous financiers face […]
What microfinance can teach Wall Street Read More »
I am not usually a pessimist. But I predict that India will suffer a lot of pain in the next 18 months, as the economy slows down along with the current global slowdown. The US, Europe and Japan are sinking
Pains of a slowing miracle economy Read More »
Inclusive finance—giving loans to everybody, including the poor—is desired by politicians in India, and in all democracies. Yet the current US financial crisis shows the perils of taking this goal too far. The crisis arose from the bursting of a
The Perils of Inclusive Loans Read More »
The US government and Congress are creating a $ 700 b. rescue package to resolve the worst financial crisis since the Great Depression. Will it stabilize the US and world economies? For an answer, remember Winston Churchill’s words in 1942.
The End of the Beginning Read More »
Socialists, like Hugo Chavez in Venezuela or Indira Gandhi in India, are famous for nationalising the biggest corporations. But the US governmenthas taken over three of its biggest corporations within two weeks. Has the US turned socialist? American right-wingers moan
Is America becoming socialist? Read More »
Indians know very little about Scandinavia–the four nations of Sweden, Norway, Denmark, and Finland in northern Europe. Some Indian males fantasize about glamorous Swedish blondes. Others lust over the latest Nokia phone from Finland. Geography enthusiasts know it as the
Vouchers for social security Read More »
Having overcome a series of obstacles ranging from Prakash Karat to the Nuclear Suppliers Group, India\’s plans for a massive nuclear power programme now face an even more daunting obstacle – Mamata Banerjee. Having tasted blood at Nandigram and Singur,
Mamata is next nuclear hurdle Read More »
Having overcome a series of obstacles ranging from Prakash Karat to the Nuclear Suppliers Group, India\’s plans for a massive nuclear power progra mme now face an even more daunting obstacle – Mamata Banerjee. Having tasted blood at Nandigram and
Mamata is next nuclear hurdle Read More »
India has gone from nuclear pariah to recognised nuclear power. That is the upshot of the decision of the Nuclear Suppliers Group to bend its rules for India. Till now, the NSG recognised only two kinds of countries, the haves
Nuke-deal: Only a minor milestone Read More »
Whether or not the Nuclear Suppliers Group approves the Indo-US nuclear deal — this is unclear as I write this column — many experts think India should focus on solar rather than nuclear power for the future. An excellent case
Singur\’s lessons for solar power Read More »
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