Archive for March, 2012

Indian Microfinance – Infographic from Legatum

Interesting infographic from Legatum on impact of AP ordinance on Indian microfinance industry.

Apart from effective blacklisting of millions of poor women in AP from access to private credit, the ordinance has impacted availability of credit across the country. All in name of protecting the SHG initiative, and backed by suspect claims damages that MFIs were causing.

Budget Session 2012

Madhukar has shared the bills listed for consideration and passing in the upcoming Budget session here.

Parliament is scheduled to meet for the Budget Session between March 12 and May 22, 2012. It will adjourn for a recess between March 31 and April 23 to enable Standing Committees to examine the detailed Demands for Grants. There will be a total of 35 sittings.

In addition to the President’s Address , the Economic Survey, the Railway Budget and the General Budget, as many as 39 Bills are listed for consideration and passing. The government plans to introduce 30 new Bills in this session .