IN APRIL this year, the Supreme Court directed the Ministry of Environment and Forests to conduct a probe into French cement giant Lafarge’s LIMestone mines in Meghalaya. Lafarge was alleged to have been operating on forest land without proper clearance. Now it turns out the allegations against the Paris-headquartered multinational are graver. Bangladesh-based Lafarge Surma Cement Ltd — a joint venture between Lafarge Group and Spanish cement company Cementos Morlins —...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

Union Health and Family Welfare Minister Ghulam Nabi Azad on Sunday ruled out any coercive policies to stabilise population and said awareness among the people of the benefits of small families was the most effective way to achieve the goal. Speaking at a function to flag off a run to mark the World Population Day, the Minister said population stabilisation was extremely important, given that India has a share of 17...

For LPG and kerosene subsidy, government has to make up from petrol, says Montek Singh Ahluwalia he government should use its money on building schools and hospitals than subsidising oil companies, which were making huge profits because of grant, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. “The profits shown by the oil companies are largely due to subsidies. We are not supposed to be subsidising the oil companies ... we...

India expects a strong rebound in farm output, which will substantially reduce food price inflation that has soared since last year when the country’s worst drought in 37 years hit crops, the agriculture minister said. This year’s June-September monsoon was 16% below normal last month, but rainfall has revived significantly, calming fears of shortages and higher prices. India also needs to ease tight controls on the sugar sector, agriculture minister Sharad Pawar...