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...

The Centre has protested to Uttar Pradesh over the latter prefixing its name to MGNREGA, the flagship job scheme from the Congress stable. The Union rural development ministry has asked UP to change the title of a rulebook for its grievance redressal system under the job scheme, saying it has been named after the state when MGNREGA is a central law. The Mayawati regime has released a rulebook named "UPNREGA...

Anand Sharma rules out loss of jobs or displacement of small vendors A re-orientation of the policy framework was the need of the hour and enhanced foreign direct investment (FDI) in multi-brand retail would transform the rural economy and generate massive employment and opportunities for both rural and urban youth. This was stated by Union Commerce and Industry Minister Anand Sharma here on Wednesday. This was his first comments to a discussion...

Approvals pertain to bauxite mining, alumina factory, wetlands allocation for three thermal projects Union Minister of State for Environment and Forests Jairam Ramesh has announced a probe into all kinds of permission given so far for bauxite mining, setting up of alumina factory and allocation of wetlands in Srikakulam for setting up three thermal power projects. He promised to withdraw all permissions if the report proved that they were given in contravention...

The human resource development ministry has tweaked eligibility rules for its college and university scholarship programme for poor students to help those from school boards that are stingy with marks. The change, first mooted soon after Kapil Sibal took over the ministry, will come into effect from the coming academic session itself, government officials said today. Students who score over 80 per cent in their Class XII qualifying examinations are...