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...

Earlier this week, India's opposition parties came together in a rare show of unity to take to the streets in cities across the country. They protested against the government's recent decision to raise fuel prices after it scrapped its subsidy of petrol prices in an effort to cut the budget deficit. Supporters of the right-wing Bharatiya Janata Party joined hands with their ideological rivals among the Communists to paralyse normal life in...

Women in many countries are being empowered through cooperatives, raising their incomes, becoming more self-reliant and in the process overcoming gender stereotypes, Secretary-General Ban Ki-moon said today. In a message marking the International Day of Cooperatives, Mr. Ban cited the “egalitarian ethos, participatory decision-making, common ownership and commitment to goals beyond the profit motive” as reasons why business, social and economic cooperatives are expanding opportunities for women around the globe. The Secretary-General...

The recent spike in world food prices has further widened the gap between the developed and the developing economies. While, over 70 per cent of the world's population resides in poor countries, it has access to less than 40 per cent of the world's resources such as water, irrigated land, power, etc. This is a result of inconsistent economic progress (post-colonialisation birth pangs), rampant population growth and distractions such as...

The Planning Commission today decided in favour of pumping nearly Rs 14,000 crore into social and physical infrastructure building in some 35 Maoist-hit districts. The plan, formulated at the request of finance minister Pranab Mukherjee, will focus on the National Rural Employment Guarantee Programme, rural roads, health, rural electricity, universal elementary education, child nutrition and health and new residential schools called ashram schools. Later this month, the action plan will be placed...