http://www.economist.com/debate/days/view/706/showCommentModule:1
1-17 of 17 comments
Ranjani K.Murthy wrote:
Dear Madam/Sir
It would be nice if it is recognised that women too can think
I feel the question itself is wrongly posed, namely is too much
competition bad for banking sector. In fact it should be "whether too
much competition is good or bad for poor in a context when over half
the global population is living under $2 per day"
(http://www.nationmaster.com/graph/eco_pop_und_2_a_day-economy-population...).
Is development about improving the banking sector or reducing the proportion of
people living under <$2 per day.
Indian case study of emergence of MFIs backed by venture capitalists
from India and abroad without any change in the asset holding, skills,
or exchange value of labour and produce of poor clients has led to
increase in MFI related suicides in Andhra Pradesh and more recently
Tamil
Nadu(indiamicrofinance.com/microfinance-suicide-andhra-video-244143.html
- Cached). Women bear the brunt of this, in particular dalits. It is
time the poor are put at the center of banking debates and not the
banking sector. Is it fair that the poor have been given a ceiling of
24% by the Malegaon committee report (www.moneycontrol.com
› News - Cached), while I an upper middle class get loan at 11%?. Is it
fair that such lending to MFIs is shown as prioirty sector lending?
posted on 02/06/2011 13:21:20 pm
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