There's not much you can buy in terms of assets for Rs 1 lakh. But two Delhi businessmen gained access to a multi-crore iron ore mine in Chhattisgarh for just this much. On June 2, 2004, two brothers, Atul Jain and Sanjay Jain, pooled together Rs 1 lakh in Delhi to set up a company, Pushp Steel and Mines Ltd. The same day, the company applied for a prospecting licence...

When flames from an open cooking fire raced through Fida Hussein's shack in northern India, it was a disaster for him and his poverty-stricken family. "We have nothing," said Hussein as he stood in the ruins of his hut through which the sky could be seen between the burnt roof timbers in a remote corner of Uttar Pradesh, India's most populous state. India's number of millionaires grew by 51 percent...

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...

A law empowering Indians to seek information from government to promote accountability and transparency has brought change to urban India, but has largely left out the country's rural poor, social activists say. The Right to Information (RTI) Act - similar to the Freedom of Information Act in the United States - was enacted almost five years ago and is aimed at providing a practical way for all citizens to access...

By noon daily, the reception area of Surya Clinic in Muzaffarpur district of Bihar begins to fill up. Patients admitted for gyanecological care are clothed in the blue robes of the hospital and ushered into clean rooms with freshly made beds. At the state-run primary health centre (PHC) in Bochahan block of Muzaffarpur, which also offers family planning services, disposable gloves are washed and re-used and rusted beds are covered with...