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...

UK Prime Minister David Cameron may scale down the £250 million British aid given to India annually, saying wealthy local residents could do more to help their poor countrymen. Cameron is under pressure to reduce foreign assistance to India. International development secretary Andrew Mitchell has signalled that the “£250 million of public money spent annually on nuclear-armed India could be scaled back”. He said the rich NRI population of Britain could do more...

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...

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...

Farmers across the southwest belt of Haryana and northern Rajasthan have this year sown cotton on a large scale moving away from paddy, the traditional crop in this region. Due to the unavailability of canal water in certain areas in this region, farmers have also moved from sowing Bt cotton to desi (local) cotton which requires less water. The trend has largely been seen in the districts of Fatehabad, Bhiwani,...