With the government readying to introduce a Bill in Parliament to modify the powers of the Comptroller and Auditor General of India (CAG) to include public-private partnership (PPP) projects, many project managers are close to gagging. The main reason behind why the public sector has not performed, they argue along with several in government, is the fear of the 3Cs — the CBI, the CVC and the CAG. Since almost...

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...

Madhya Pradesh, Democratic Republic of Congo show near identical poverty level India ranks 63rd in the new poverty index, after Togo, before Haiti Quarter of the world lives on $1.25 a day or less: World Bank estimate New U.N. index builds up fuller picture of poor lives; Madhya Pradesh ‘comparable to Congo.' There are more poor people in eight states of India than in the 26 countries of sub-Saharan Africa, a study reveals...

A conspiracy to siphon off MGNREGS funds to the tune of Rs 70 lakh by data manipulation has come to light in Jamkhandi taluk. The Hirepadasalagi gram panchayat members have alleged that fake bills have been created by entering false data in the Management Information System (MIS) meant exclusively to maintain accounts of the job guarantee scheme. The entire exercise has been carried out clandestinely without the knowledge of gram panchayat. The data...

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...