tag:blogger.com,1999:blog-3778570096826367144.post8113656857123030424..comments2024-03-29T11:12:25.046+05:30Comments on Ground Reality: Microfinance -- The bubble bursts. Time to book the culprits.Devinder Sharmahttp://www.blogger.com/profile/05867902048509662981noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3778570096826367144.post-62497702085695146382010-03-18T17:18:10.462+05:302010-03-18T17:18:10.462+05:30While Micro Financing at one end, helped Younus to...While Micro Financing at one end, helped Younus to win Noble Peace Prize, the model is always fraught with this risk.<br /><br />So the implementation model, co-ordination between banks, and better sense in the fresh MBA graduates trying to finish their targets can only improve this.<br /><br />We still live in the age of Adam Smith who said...Best Results come when Every Man does what is best for himself. Though sounds funny..we should move into what Nash said.." what is best for himself and the society".Rishaan Yellapragadahttps://www.blogger.com/profile/04922873140856654164noreply@blogger.comtag:blogger.com,1999:blog-3778570096826367144.post-87556095836642456292010-03-08T21:29:40.617+05:302010-03-08T21:29:40.617+05:30This is unbelievable.... It is a shame that every ...This is unbelievable.... It is a shame that every government claims to work for the "common man" ....apparently what they refer to are the men who commonly get to meet with them ..... hence the term "common man" . The RBI is perpetuating a system which can only accentuate the disparities. The current system of money creation is the cause of inflation and is a hidden tax on those who hold the money. It is not just the MFIs but the entire financial system which is engineered to keep the rich, richer and to keep the poor working to ensure that.Prakash Pandeyhttps://www.blogger.com/profile/14496336537410966837noreply@blogger.com