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...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...

Mangalore air crash highlights two petitions highlighting safety violations in the Mangalore tabletop airport, dismissed by the Karnataka High Court in ’92 and by the Supreme Court in ’02 Apex court dismisses petition against mining in Niyamgiri hills in 2008; now a global focus point The same year, the apex court dismisses PIL against the building of the Commonwealth Games village on the Yamuna riverbed. Why has the UPA government, which loses no...

A RESEARCHER WORKING on the State of Panchayats Report (SOPR) 2008-09 met Mahangu Madiya in Chhattisgarh’s Bastar district, a dangerous place for gathering data. Madiya’s story was startling. In January, he was given Rs 55 lakh compensation for his land, but the amount is sitting in his bank account. He does not even own a mobile phone. “I am concerned with farming. My land is important to me. What will I...

“When I told a government official that Pesa allows us to determine our policy on liquor trade in the village, he shot back, ‘Are you trying to teach me the law? If you are so knowledgeable about the law, why are you living here in your village in the forest? Why don’t you go and speak in the Orissa assembly?’” Fulsingh Naik, resident of Mandibisi (Rayagada, West Orissa), December 2009, recounting...