A page each from Harish Hande and Naveen Krishna

Recently, Harish Hande wrote a cogent and passionate article on Forbes India.┬áThe main point in his article is that businesses need to look at social sustainability in a long-term and holistic manner. From his article… Amidst rising income inequality, corporations need to realise that social responsibility is essentially an insurance against social instability. Occupy Wall …

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Understanding the medieval battle for Uttar Pradesh

Last week we learnt, from a perusal of an Association for Democratic Reforms (ADR) report, that out of the 617 candidate names released in the first list, 31% and 15% had criminal cases and serious criminal cases registered against them. If you thought this was sobering, the news gets better with ADR’s addendum report on …

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Top Takeaways from Banerjee and Duflo’s Poor Economics

If you’ve been following this blog for sometime, you know that I consider Abhijit Banerjee and Esther Duflo’s Poor Economics as a bible of sorts — to understand poverty, understand the psyche and motivations of the extremely poor, and the power of Randomized Control Trials (RCTs) to fairly assess efficacy of anti-poverty programs. Several posts …

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Borrowing from MFI to save for daughter’s dowry?

SKS Microfinance Ltd, India’s largest and only listed microlender, said its losses widened in the second quarter from the preceding three months as repayment rates in Andhra Pradesh, its biggest market, plunged after a local law restricted lending and recovery. The Hyderabad-based lender posted a loss of Rs. 384.54 crore in the three months ended …

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Does Microcredit work for the urban poor? Banerjee and Duflo Answer

In chapter 7 of Abhijit Banerjee and Esther Duflo’s Poor Economics, they delve into the economics of lending to the poor and, among other things, proceed to answer the question “Does Microfinance work for the poor?” The answer depends on the definition of “work”. Banerjee and Duflo (B & D) found that no independent research …

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