India s Farming Crisis Hurts Global Food Security and Modi s Reelection Campaign
bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
India s stock market is hitting record highs Here s why
cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.
As pandemic pushes India’s microfinance sector to the brink, women are the first to fall
Loan disbursement by the sector fell by 97% in the April-June quarter compared to previous year. Representational image. | Arun Sankar/ AFP
In early March, 30-year-old Pinky Devi took out her latest small loan in the densely populated state of Bihar, where she lives with her husband and two sons.
Like the other sums of rural credit Devi has borrowed over the last 12 years, the Rs 100,000 did not go to her work as a seamstress but instead to her breadwinner husband.
Thirty-two-year-old carpenter Sunil Kumar Sharma needed to buy a motorcycle for his latest furniture business so he could zip around their village to take orders. Taking out the loan fell to his wife: In India, as it is around the world, most microfinancing is available primarily to women.