List of Padma Awardees for the year 2015

Padma Vibhushan :
1 LK Advani- Public Affairs- Gujarat
2 Amitabh Bachchan- Art- Maharashtradf
3 Prakash Singh Badal- Public Affairs- Punjab
4 Dr D Veerendra Heggade- Social Work- Karnataka
5 Mohammad Yusuf Khan alias Dilip Kumar- Art- Maharashtra
6 Jagadguru Ramanandacharya Swami Rambhadracharya- Others- Uttar Pradesh
7 Prof Malur Ramaswamy Srinivasan- Science and Engineering- Tamil Nadu
8 Kottayan K. Venugopal- Public Affairs- Delhi
9 Karim Al Hussaini Aga Khan (Foreigner)- Trade and Industry- France/UK

Top seven qualities of highly ethical people

People are ethical because of social norms, religious beliefs and laws. Ethical foundations in an individual define the way he lives the life by differentiating between right and wrong and behave in a way which improves the situation directly or indirectly however doesn't harm it at any cost. Ethics have been defined by relevant governmental and religious authorities for several domains of life however below article occupies 'blanket' coverage for all norms of life. 

Below are top seven qualities of highly ethical people.

 

1- They are Empathic: Ethical people have high degree of emotional intelligence. They understand things from multiple perspectives covering all the direct and indirect stake holders.. They seek first to understand than to be understood. They have strong observatory, listening and analytical skills to understand things deeply. This quality makes them unique which enables them to win the trust of others; consequently, people share their problems with them with open heart and seek their support.

Methods of Economic Analysis

METHODS OF ECONOMIC ANALYSIS

An economic theory derives laws or generalizations through two methods (1) Deductive Method and (2) Inductive Method. These two ways of deriving economic generalizations are now explained in brief.

 1. Deductive Method.

The deductive method is also named as analytical, abstract or prior method. The deductive method consists in deriving conclusions from general truths. It takes a few general principles and applies them to draw conclusions. For instance, if we accept the general proposition Law of diminishing marginal utility Rashid is a man. Therefore, the inference will be drawn that Rashid is motivated by self-interest. In applying the deductive method of economic analysis, we proceed from general to particular.

The classical and neo-classical school of economists notably Ricardo. Senior, Cairnes, J.S. Mill, Malthus, Marshall, Pigou, applied the deductive method in their economic investigations.

Did you know in the world !!!