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...
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Hernando de Soto interviewed by Shekhar Gupta on NDTV’s Walk the Talk
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...
More »India's 'revolutionary' RTI Act fails to reach the poor
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...
More »UPA to try 'de Soto model' for slum development by Saubhadro Chatterji
The day Kumari Selja assumed charge as the Union minister for housing and urban poverty alleviation in the second United Progressive Alliance government, she got an unusual gift: a set of two Books from none other than Prime Minister Manmohan Singh. The Books, The Other Path and The Mystery of Capital, were by eminent Peruvian economist Hernando de Soto, hailed as the “poor man’s capitalist”for his work on the informal sector....
More »There’s no honour in this by Preeti Singh
On Tuesday, readers awoke to the Capital’s night of horror. A young girl, Asha, and her lover, Yogesh, were tortured to death by her family members inside her home, even as neighbours chose to shut out the victims’ screams. Those who tried to intervene were brushed off by family members claiming it was a ‘private matter’. This gruesome crime, committed in the name of ‘family honour’, raises three important questions. First,...
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