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...
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Azad rules out coercion to stabilise population
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...
More »Enhanced FDI in retail will transform rural economy by Sujay Mehdudia
Anand Sharma rules out loss of jobs or displacement of small vendors A re-orientation of the policy framework was the need of the hour and enhanced foreign direct investment (FDI) in multi-brand retail would transform the rural economy and generate massive employment and opportunities for both rural and urban youth. This was stated by Union Commerce and Industry Minister Anand Sharma here on Wednesday. This was his first comments to a discussion...
More »The task of making the PDS work by Jean Dreze
The planned National Food Security Act represents a unique opportunity to achieve gains with respect to the public distribution system. However, the current draft is a non-starter. When I first visited Surguja district in Chhattisgarh nearly 10 years ago, it was one of those areas where the Public Distribution System (PDS) was virtually non-functional. I felt constrained to write, at that time, that “the whole system looks like it has been...
More »More agricultural investment vital to combat hunger in Asia-Pacific, says UN official
The Asia-Pacific region – home to two-thirds of the world’s one billion malnourished people – must see Growth in agricultural investment to tackle the hunger challenge, a senior United Nations official stressed today. The number of hungry people in Asia and the Pacific climbed by more than 60 million in 2009 to 642 million, Jacques Diouf, Director-General of the UN Food and Agriculture Organization (FAO), said in a video message...
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