a day after after the initial optimism, the mfis figure that the old adage of ‘what one hand giveth, the other taketh away’ fits the malegam committee report perfectly.
A day after a central bank appointed committee submitted its report, small microfinance institutions (MFIs) say the recommendations if accepted would wipe away their presence in the sector because of stringent capital requirements.
during my tihi days, i felt for the first time that only fiction could do justice to the immense changes that this village was seeing. it is a feeling that has been reinforced over time.
for instance, at the contested site where posco’s industrial complex is supposed to come up, only two of the three panchayats whose land is involved support the industrial project. in the process, the space between the two panchayats supporting the project and the panchayat opposing it has become a no man’s land. surely, there is enough grist for a story in such a conflict within communities that had amicably coexisted till now.
in this little column, i wonder why we see hardly any fiction, either written in english or translated into english, about present-day rural India?
note: the definition of the role of journalism — to monitor the centres of power — is from robert fisk’s ‘the great war for civilisation’. it is what israeli journalist amira hass tells fisk.
after three months of low repayments, mfis in andhra are staring down the barrel of a gun, says this story by my colleague john samuel raja d and me.