16th May 2017, Editorial – The Hindu

GS III: Indian Economy and issues relating to planning, mobilisation of resources, growth, development and employment.

When being clever is not enough.

Allocation of resources does not determine economic fate.

  • Experts say many countries lagging behind in prosperity and technological advancement are mostly lacking entrepreneurial spirit.
  • However economist William J. Baumol in his paper ‘Entrepreneurship: Productive,Unproductive and Destructive’ argued that just because a country maybe advanced does not mean it will lead to prosperity.

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04th May 2017, Editorial – Hindu

GS III: Inclusive growth and issues arising from it.

GS II: Welfare schemes for the vulnerable sections of the population by the Centre & States and the performance of these schemes.

Flight of the Common Man

  • UDAN – Ude Desh ka Aam Nagrik
  • Objective is to ensure affordability, connectivity, growth and development.
  • Who stands to benefit?
    • Citizens would get the benefit of affordability, connectivity and more jobs. The Centre would be able to expand the regional air connectivity and market.
    • The state governments would reap the benefit of development of remote areas, enhance trade and commerce and more tourism expansion.
    • For incumbent airlines there was the promise of new routes and more passengers.
    • For start-up airlines there is the opportunity of new, scalable business.
    • Airport operators will also see their business expanding as would original equipment manufacturers.

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