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...

Children of a remote north-east village Dibrual Dehingio Gaon are now studying in nearby English medium schools, 40 people of Padamunda village in Orissa are employed in transportation business in nearby town and habitants of flood-prone regions of Bihar are no longer starving during rainy seasons; thanks to construction of rural roads under country’s flagship programme Bharat Nirman. Better connectivity has pushed up agricultural income in rural India by 17.6%...

THE Centre could make changes to the new Nutrient-based Subsidy (NBS) for fertilisers, as part of a concerted move to prune its subsidy bill after global prices of fertiliser nosedived recently. Under the NBS, subsidies for nutrients are currently fixed for a whole year but could now be reviewed every six months to take into account changes, especially price drops, in import prices. The Union Cabinet, while approving the NBS...

The fertiliser sector in India has been through difficult times in recent years. Stagnant production, no fresh investment and poor financial health of the units were accompanied by high level of import, imbalanced use of nutrients and deteriorating soil health. Mounting subsidy bill posed a serious fiscal management problem to the government. Industry has been pursuing with the government for appropriate reforms to ensure health and growth for both the...

Visitors making their way along the muddy track leading to the Gossainbarie tea estate in India's north-eastern Assam state will be greeted by huge mounds of cow dung, rotting water hyacinth, as well as and fish and meat waste. But this is no cause for alarm - the tea-estate has gone organic and is following the principles of India's ancient plant medicine Vriksh Ayurveda. "This is our fertiliser because we don't...