Microfinance: Rehabilitated

Published : 12:00 am  April 29, 2014  |  Category: Charitha Ratwatte, Columnists  |  3 Comments  |  5,115 views  |  
alt text

Confusion in Batticaloa The dynamic development of Microfinance (MF) worldwide continues. The Reserve Bank of India (RBI) recently created history, by granting for the first time a banking license to a microfinance organisation – Bandhan Financial Services. Bandhan was set up in 2001, based in Kolkata and works with ‘socially disadvantaged and economically exploited women’. It has 2,016 branches across 22 states. In February 2014 Bandhan had over 5,233,000 borrowers and in February 2014 had disbursed Indian Rs. 963 crores of loans. The total loans outstanding are Indian Rs. 5,704 crores. The RBI in a statement said that it had assessed the quantitative and qualitative aspects of the application,... 


Chronic Kidney Disease of Unknown Cause

Published : 12:20 am  April 22, 2014  |  Category: Charitha Ratwatte  |  2 Comments  |  1,400 views  |  
alt text

Policy paralysis It is reported that Chronic Kidney Disease of Unknown Cause (CKDu) is decimating the young male population of the North Central Province, parts of Uva Province and even reportedly in the Central Province, North Western Province and Eastern Province. A case study has found, together with anecdotal evidence, that the most vulnerable group are men over 40 years of age, who have been working as rice farmers for over a decade. A hypothesis has emerged that consistent exposure to agro chemicals, combined with hard work in the hot sun, dehydration, hard water, and allegedly, in addition, heavy consumption of illicit liquor, among factors combined with others is the cause for this... 


Accountable government

Published : 12:01 am  April 8, 2014  |  Category: Charitha Ratwatte  |  Leave a Comment  |  1,063 views  |  
alt text

The liberal democratic model The events concerning Sri Lanka at the UNHRC at Geneva have focused our minds on the issue of the accountability of a government. A liberal democracy is, by any objective standard, the only system of governance which has within it the checks and balances, mechanisms, processes and procedures that can, up to some extent even, provide for a responsive system of government, where the rulers have even a modicum of accountability to the people they govern. But it is not perfect. A liberal democratic system of government wherein the government is accountable to the governed has been described by analysts and commentators, as the only form of government suitable for grownups!... 


Fishy politics in Palk Bay

Published : 1:04 am  April 1, 2014  |  Category: Charitha Ratwatte  |  Leave a Comment  |  1,333 views  |  
alt text

Indian Prime Minister stakes Domestic politics in Lanka and imminent Parliamentary elections in India have brought into sharp focus the issue of fishing in Palk Bay. The Government in Colombo seems unable to reconcile itself to conceding a role for the Tamil National Alliance (TNA) controlled Northern Provincial Council (NPC) in dealing with India on this issue; only Ministers from Delhi, Colombo and Chennai, Tamil Nadu State and not the NPC have met on this issue. Recently a group of Lankan fishers from the Jaffna Peninsula met with their counterparts from Tamil Nadu, in India to have a discussion on the issue of alleged poaching by Tamil Nadu fishers in the Lankan waters of Palk Bay. The... 


The Crimean Precedent!

Published : 12:03 am  March 25, 2014  |  Category: Charitha Ratwatte, Columnists  |  Leave a Comment  |  1,563 views  |  
alt text

A sequel to Finlandisation and Bhutanisation? On Monday 17 March 2014, Vladimir Putin, ex of the KGB, Communist Russia’s autocrat, recognised Crimea as an independent state. A referendum had been held in Crimea, condemned as contrary to international law by the world community, at which an overwhelming majority of Crimean’s had allegedly voted to secede from Ukraine and join Russia. In the UN Security Council, Russia vetoed a resolution condemning Russia’s actions. Interestingly China abstained at this vote, breaking ranks with its erstwhile Russian ally. Both the European Union and the United States of America have urged Russia not to absorb Crimea into Russia, a step that undermines... 


China, Africa, Myanmar and Lanka

Published : 12:41 am  March 18, 2014  |  Category: Charitha Ratwatte  |  Leave a Comment  |  2,797 views  |  
alt text

Lessons to be learnt An analyst has commented after reviewing the People’s Republic of China’s recent economic and political incursions into the continent of Africa that “Africa is China’s honey pot. Where else would China find political leaders so easy to buy!?” China has over the last 10 years carried out a sustained political and investment push into Africa. Visits have been made at the highest political level to several leading African countries; loans, grants and investments have been made in logistics and natural resources; and thousands of Chinese citizens have migrated to work, to carry on business and trade in African countries. There has also been, at the same time, large... 


Skills mismatch

Published : 12:12 am  March 11, 2014  |  Category: Charitha Ratwatte, Columnists  |  Leave a Comment  |  1,713 views  |  
alt text

The never ending saga of Sri Lanka’s job market The words skills mismatch entered Sri Lanka’s job market vocabulary after the first youth revolt in 1971. The Government of the day obtained the assistance of UNDP and ILO to get the services of Prof. Dudley Seers, Director of the Institute of Development Studies of the University of Sussex, England, to look into the reasons for youth unrest. In a groundbreaking report, Dr. Seers pinpointed the skills mismatch which existed in the Sri Lanka employment scene as the fundamental reason for the unrest. The process of education produced a type of youth whose skills were literacy in the national languages, some numeracy and knowledge in the humanities... 


Mad dog politics

Published : 12:01 am  March 4, 2014  |  Category: Charitha Ratwatte, Columnists  |  Leave a Comment  |  3,332 views  |  
alt text

The prospect of power drives politicians rabid Rabies is an infectious disease of dogs, cats, bats, monkeys, jackals and other animals and man, usually fatal if prophylactic treatment is not administered. It is caused by the virus Formido inexoribilis and usually transmitted to man by the bite of an infected animal. It is also called hydrophobia. Rabid is explained in the dictionary as: irrationally extreme in opinion or practice, furious or raging, violently intense, affected with or pertaining to rabies; mad. In neighbouring India, the prospect of achieving power in the Union Parliament elections scheduled to be held before May 2014 has really driven the Indian political class rabid. Just... 


Agency banking networks

Published : 12:00 am  February 25, 2014  |  Category: Charitha Ratwatte, Columnists  |  1 Comment  |  2,207 views  |  
alt text

Sri Lanka’s Praja Naya Niyamaka (PNN) Scheme Total Financial Inclusion (TFL) is the dream of all those who are concerned about exclusion of the poor, marginalised and displaced, from the formal financial sector. The poor, even when they manage to pull themselves out of poverty, often fall back into poverty when faced with a financial shock, with which they are unable to cope. They have to raise emergency funds to meet expenses connected to death, sickness, crop loss, livestock theft, etc. This is where micro insurance schemes can play a vital role. In the absence of micro insurance, the local money lender or pawn broker is the recourse if the victim is not a member of a group of micro savers... 


Consolidation and microfinance

Published : 12:01 am  February 18, 2014  |  Category: Charitha Ratwatte  |  Leave a Comment  |  5,274 views  |  
alt text

Financial sector reforms Sri Lanka’s Central Bank (CBSSL) has detailed a road map for a process of consolidation of the financial sector. The position of the CBSL seems to be that the last quarter century has seen a number of events which justifies this consolidation. From 1988 to 1990, 13 Registered Finance Companies failed, 11 of which had to be liquidated. The failure of a business group affected eight non-bank financial institutions. Today there is much bazaar gossip about other registered finance companies which are rumoured to be in trouble. One point of view is that this is a reflection of the highly-fragmented structure of Sri Lanka’s financial system. However, there is another... 


Page 3 of 1912345...10...Last »