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...

Since she could remember, labourer Rama Nag (34) didn't know what her ration card meant, that as one of India's nearly 400 million officially poor people, she was entitled to subsidised foodgrain. Until 2006, here in the heart of impoverished tribal India, on the edge of the sprawling forests of Bastar and the Maoist zone of Dantewada, Nag and her family of four survived on rice and whatever they could...

The world’s largest and most comprehensive database on food, agriculture and hunger is now open to the public, free of charge, the United Nations Food and Agriculture Organization (FAO) announced today. Previously, it was possible to download a limited amount of information from FAOSTAT, but access to large amounts of data required a paid annual subscription. The database contains over one million data points covering more than 200 countries and territories. Hafez Ghanem,...

THE government is planning to transfer food entitlements to ration-card holders through an electronic system, once the public distribution system (PDS) is linked to the unique ID, or Aadhar’s central data repository. This would enable state governments to directly tell residents—who will have to have an online account linked to Aadhar—about their entitlements, a discussion paper with the Unique ID Authority points out. Entitlement details would be updated monthly through...

The finance ministry is planning to change the face of banking in the Red corridors at the tribal heartlands of India. The move is part of the government decision to redraw its law and order management and development plans in view of the growing Naxalite menace threatening the Indian state. As the banks, like any other government institutions bear the brunt of Naxalite terror, Finance Minister Pranab Mukherjee is mooting the...