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...

A demand to reintroduce a universal Public Distribution System (PDS) in the country appears every now and then. Its proponents argue that universal access is necessary for ensuring food security, for better control on prices and for eliminating (at least partially) the evils of exclusion errors in the targeted PDS. The question is: what are the operational implications of access for all citizens to subsidised foodgrain? They are currently allocated as...

The Lokayukta is the “government’s conscience”, an anti-corruption ombudsman organised at the state-level and born out of a need felt among the country’s statesmen to instill a sense of public confidence in the transparency of the administrative machinery. Legal experts say that the “best and the worst” of the Lokayukta organisation is that the success of the entire mechanism depends solely on the “personal qualities such as the image, caliber, drive,...

A resident of Yavatmal in Maharashtra is asked to give proof of birth for three generations in his family for him to get access to land under the Scheduled Tribes and other Traditional Forest Dwellers Recognition of Forest Rights Act (FRA) 2006. But for the people in these areas who cannot read or write, ‘proof' has little meaning. Such lacunae in the Act came up for discussion at a public...

India’s plan to offer unique identity (UID) cards to all citizens will bring a range of banking services within reach of millions of poor who currently cannot even open a bank account, says a report released on Friday by the Unique Identification Authority of India (UIDAI), which is executing the project. Facilities such as microfinance are beyond the reach of many poor people in both towns and villages who do not...