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Rethinking microfinance strategies
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Published on :
Wednesday, June 30, 2010 |
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It is proven that microfinancing aids development and help alleviate poverty. It primarily heps local entrepreneurs who lack collateral. The poor are not necessarily unworthy of Credit.The founder of Grameen Bank, Muhammad Yunnus, tells us so in his book, “Banker to the Poor", writes Thompson Ayodele and Olusegun Sotola in The Guardian.
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Lessons From the Poor: Entrepreneurship holds key to economic success
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Published on :
Monday, September 08, 2008 |
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Intellectual elites, in rich and poor countries alike, often associate capitalism with pathological greed, corruption and abuse of power. They confuse free markets with large, sometimes corrupt corporations using political connections to concentrate wealth. In some countries the word “business” is used at times as a synonym for criminal activity. However, government transfers have little to do with economic success. The real keys are individual creativity and initiative, and the sense and ability to address market needs as they arise. In one word, entrepreneurship, writes Alvaro Vargas Llosa |
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Rural India's jugaad for cheap travel
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Published on :
Tuesday, March 25, 2008 |
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It ain't the Tata Nano but it's India's cheapest personalized four-wheeler in more ways than one. At Rs1-5 a trip, what looks like a diesel pump engine strapped to a wooden quadricycle is western UP's lifeline. The only thing the jugaad has in common with any other vehicle with similar functionality are its four wheels, writes Ravi Krishnan in the Mint |
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India's original people's car, decades before Nano
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Published on :
Sunday, January 20, 2008 |
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Long before Tata Motor thought of developing a “People’s Car” costing about $2,500, there has been another kind of a car for the masses in socialist India. For over three decades, this indigenously built vehicle has been the mainstay of mass transportation in predominantly rural parts of north India. Reproduced here is “India’s ‘Informal’ Car,” by Barun S Mitra, originally published on the editorial page in The Wall Street Journal on 26 January 1995. |
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The Nano Inspiration
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Published on :
Thursday, January 17, 2008 |
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Tata Nano is an inspiration. It is remarkable how team Tata pulled it off in just four years. But the larger point is the inspirational lamp that the Tata Nano story lights. There are hundreds of challenges in India where the lessons of the Tata Nano can be applied—design innovation, scale efficiency, vendor networking and so on. I want to talk about three illustrative examples, writes Ramesh Ramanathan in the Mint. |
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Tata Nano: Small car, big vision, stained by Singur
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Published on :
Sunday, January 13, 2008 |
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The media frenzy around the unveiling of Tata Motors’ Nano, may drown two of the most significant aspects of this project - firstly, it is a completely new product, which aims to make personal transportation accessible to those who could not afford a car earlier; secondly, and more importantly, it provides a glimpse of the manufacturing revolution that has largely bypassed India, so far. In that text, tragic events in Singur a year ago could have been easily avoided, writes Barun Mitra |
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Ratan Tata reveals his thoughts behind the Nano, and his vision
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Published on :
Saturday, January 12, 2008 |
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Competitors scoffed. They said it couldn't be done, it would take a miracle to make it happen. Ratan Tata of the Tata Group, in a freewheeling conversation with TOI, on the eve of the launch of Nano. Tata looks back on the four-year journey that led up to the most eagerly awaited launch in the history of India's automobile industry — and discusses his vision for the group, why this would be an ideal time to retire, his search for a successor, rivalries that may have stymied Tata projects and how the Jaguar deal fits into his gameplan... Interviewed by T Surendar & J Bose of Times of India. |
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Indians seek new dreams in China
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Published on :
Monday, April 09, 2007 |
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Today, than 150 million Chinese subsist on a dollar a day and thousands continue to risk their lives to illegally migrate to the West. Yet, as China has metamorphosed from a poor, agrarian society into the world's fourth largest economy, its dramatic rise has begun commanding global attention. Unsurprisingly, the country has begun to exert a magnetic pull for foreigners who are flocking to China in search of new economic prospect. The opportunities offered by Chinese cities have seen Indians take their place in the crush of fortune-seeking hopefuls, writes Pallavi Aiyar in The Hindu. |
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IT entrepreneurs flourish in open market: The success of three I’s
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Published on :
Wednesday, April 04, 2007 |
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The software stories of India, Ireland and Israel were written because they were open to the external world. Their diaspora provided entrepreneurs, management talent and links to the main markets. Missing in all this are the favourite policy prescriptions—creating clusters, encouraging venture capital, subsidizing R&D, or targeting specific industries for preferential treatment, writes Ashish Arora in Mint. |
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