The Left Front government has fast-tracked the creation of a parallel school education system under the panchayat and rural development department, ignoring opposition from both within and outside the coalition. The government is pitching the bill as a tool to bring more students to schools, but has stoked fears that a system under the panchayat and rural development department — which does not have the expertise to run an education system...

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 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 government on Tuesday expressed shock over reports of embezzlement of UK grants in Sarva Siksha Abhiyan scheme and said that the flagship programme follows "rigorous and robust monitoring system". A day after the British government launched an inquiry into the alleged misuse of its funds under SSA, Department of School Education and Literacy under HRD Ministry here said it will write to the Ministry of Finance and Ministry of External...

Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May, the highest in the last 19 months, adding to the woes of the common man. Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly monetary policy review scheduled next month. The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,...