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The pre-wedding festivities for Anant Ambani and Radhika Merchant cost many millions of dollars.Critics say the big spending highlights the wealth disparity
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-ol...