'Farmers, vendors exhibit more entrepreneurship than Indian corporates'
Kolkata, May 11: India's small farmers and street vendors are exhibiting far more entrepreneurship than the country's corporate sector, Bibek Debroy, Chairman of the Prime Minister's Economic Advisory Council, said here on Friday.
"Entrepreneurship cannot be taught but skills can be taught... let me tell you a small farmer exhibits far more entrepreneurship than the Indian corporate sector does. Let me remind you that the poor vendors on the streets of India are exhibiting far more entrepreneurship than the Indian corporate sector does," he said while addressing the Sixth Convocation of IMI-Kolkata.
He said one cannot encourage entrepreneurship without encouraging failure.
"We all think of successes of entrepreneurship; 95 per cent of entrepreneurial attempts failed," Debroy said.
Debroy, a member of NITI Aayog, also spoke of the need for the Indian education system
to facilitate or provide an enabling environment for entrepreneurship.
"...(there is a) huge question mark about whether Indian education system at all facilitates or provides enabling environment for entrepreneurship," the economist said.
When Prime Minister talks about Start Up India and Stand Up India, it is not about the corporate sector but is about entrepreneurship, he said.
Referring to an IMF report released after India opened up the economy in 1991, he said it had suggested it would take 153 years for a country like India to halve the gap in per capita income that exists with the developed countries.
"The lesson of the last couple of decades has been that there is no need to wait for 153 years," he said.
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London, Nov 22: A bomb disposal squad deployed as a “precaution” to the South Terminal of Gatwick Airport concluded an investigation into a "security incident" on Friday after making a “suspect package” safe.
The South Terminal of Gatwick Airport, the UK's second busiest airport after Heathrow, which was briefly shut owing to the incident reopened following the incident.
The Gatwick is around 45 km south of London.
Two people detained during the enquiries have since been allowed to continue their journey as the airport was opened.
“Police have concluded their investigation into a report of a suspect package at Gatwick Airport. Officers from the EOD (Explosive Ordnance Disposal) team made the package safe, and the airport has been handed back to its operator,” Sussex Police said in an updated statement.
“Two people detained while enquiries were ongoing have subsequently been allowed to continue their journeys. There will remain an increased police presence in the area to assist with passengers accessing the South Terminal for onward travel,” the statement added.
Earlier on Friday, the incident caused severe disruption at the busy airport’s South Terminal, while the North Terminal of Gatwick Airport remained unaffected.
“Police were called to the South Terminal at Gatwick Airport at 8.20 am on Friday (November 22) following the discovery of a suspected prohibited item in luggage,” a Sussex Police statement said.
“To ensure the safety of the public, staff and other airport users, a security cordon has been put in place whilst the matter is dealt with. As a precaution, an EOD (Explosive Ordnance Disposal) team is being deployed to the airport. This is causing significant disruption and some roads around the South Terminal have been closed. We’d advise the public to avoid the area where possible,” it said.
Footage on social media taken outside the airport showed crowds of frustrated travellers being moved away from the terminal building.
Gatwick said it was working hard to resolve the issue.
“A large part of the South Terminal has been evacuated as a precaution while we continue to investigate a security incident," the airport said in a social media post.
“Passengers will not be able to enter the South Terminal while this is ongoing. The safety and security of our passengers and staff remain our top priority. We are working hard to resolve the issue as quickly as possible.”
Train and bus services that serve the airport were also impacted while the police carried out their inquiries.
In an unrelated incident in south London on Friday morning, the US Embassy area in Nine Elms by the River Thames was the scene of a controlled explosion by Scotland Yard dealing with what they believe may have been a “hoax device”.
“We can confirm the 'loud bang' reported in the area a short time ago was a controlled explosion carried out by officers,” the Metropolitan Police said in a post on X.
“Initial indications are that the item was a hoax device. An investigation will now follow. Some cordons will remain in place for the time being but the majority of the police response will now be stood down,” it added.
