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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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 »Government plans to expand basket of subsidised food items by Rajeev Jayaswal & Subhash Narayan
The government plans to expand the basket of subsidised food items supplied to the poor by adding edible oil, sugar and pulses to wheat and rice provided currently, as it looks to ensure complete nutrition to the deprived. The proposal is expected to be discussed at the July 24 meeting of National Development Council, a body of state chief ministers chaired by the Prime Minister. The idea was mooted by...
More »Poverty up, poverty down by D Tushar
In April, India’s Planning Commission accepted recommendations put forth by the so-called Tendulkar Committee on a new poverty headcount for the country. Constituted by the Planning Commission under economist Suresh D Tendulkar, the committee, after four years and a new methodology, arrived at a new figure for the number of Indians living below the poverty line: 37.2 percent, ten points higher than the previous official figure. With the government’s subsequent...
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...
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