People from all walks of life carrying posters, pictures and placards gathered at the airport to welcome Banerjee. Slogans of 'Bharater Gorbo (pride of India) Abhijit Banerjee' echoed in the airport.
The West Bengal chief minister during the meet said that the state government was keen to utilise the Nobel winner's services.
Indian-American economist Abhijit Banerjee and his French-American wife Esther Duflo along with their colleague Michael Kremer received the 2019 Nobel Prize in Economic Sciences on Tuesday for their work to alleviate global poverty that has helped millions of children in an experimental approach that favours practical steps over theory.
Uddalok Bhattacharya looks back at his friendship with 'Jhima', the Nobel Laureate.
'The bhadralok would have earlier baulked at the very idea of wearing a coloured dhoti; now, with Dr Banerjee wearing, it is quite likely to be the hot fashion item during Durga Puja next year,' says Uttaran Das Gupta.
MIT, in a release, said the 'work of Duflo and Banerjee has emphasised the use of field experiments in research, to bring the principles of laboratory-style randomised, controlled trials to empirical economics'.
Congress leader Rahul Gandhi on Sunday hit out at Union minister Piyush Goyal for his remarks that Nobel laureate Abhijit Banerjee is "Left-leaning", saying "these bigots are blinded by hatred" and have no idea what a professional is.
On Monday, the Royal Swedish Academy of Sciences announced that Abhijit Banerjee, Esther Duflo and Michael Kremer had won the 2019 Nobel Prize for economics "for their experimental approach to alleviating global poverty". The research conducted by them has considerably improved the ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research, said the Royal Swedish Academy of Sciences. Here are some interesting facts about the Indian-origin Abhijit Banerjee.
The Congress party has tweeted a 1.44-minute clip from the conversation which will be aired in full at 9 am Tuesday.
Does Abhijit Banerjee's Nobel Prize help India reduce extreme poverty, asks Rajeev Srinivasan.
Amartya Sen was the other Presidency alumni to win the Economics Nobel. Banerjee won the 2019 Nobel Economics Prize along with two others - his wife Esther Duflo and Michael Kremer on Monday "for their experimental approach to alleviating global poverty."
Banerjee joins the list of Indians and people of Indian origin who have received the prestigious Nobel prize in fields like Physics, Chemistry, Peace, Economic Sciences and Medicine.
Stating that India's economic stimulus was not adequate, Banerjee said, the measures did not increase consumption spending of lower income people as the government was not willing to put money in the hands of the low income population.
'In the last five-six years, at least we could witness some growth, but now that assurance is also gone,' Banerjee told a news channel from the US.
Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.
In the short run, the government should loosen the purse strings but trying to invent new instruments is a bad idea, Banerjee said. Trust, he said, in the system is important at this point and keeping that in mind.
Who have been India's Laureates, winners from India or of Indian-origin?
This year's Laureates have shown how the problem of global poverty can be tackled by breaking it down into a number of smaller - but more precise - questions at individual or group levels, he Royal Swedish Academy of Sciences said.
The Calcutta High Court overturned a single bench order that annulled the appointments of 32,000 primary school teachers in West Bengal, stating that irregularities were not proven in all recruitments. The decision brings relief to the teachers and is seen as a boost for the TMC-led state government.
Delhi government had introduced the scheme in 2016 seeking to check dropout of the students and improve education quality with special focus on the weakest students.
Rahul Gandhi said he had helped the party conceptualise its 'Nyay' scheme to help remonetise the economy.
From his economist mother to politicians and academia -- all hailed Banerjee's achievement.
BCCI president-elect Sourav Ganguly said the achievement of Nobel prize winner and fellow Bengali Abhijit Banerjee is much bigger than his.
'I am happy to join the BJP and will work as a party soldier'
Intuitively solving a problem like multiplying 43 by 11, they might first multiply 43 by 10, and then add 43, reaching the final answer of 473.
"Excellent meeting with Nobel Laureate Abhijit Banerjee. His passion towards human empowerment is clearly visible. We had a healthy and extensive interaction on various subjects. India is proud of his accomplishments. Wishing him the very best for his future endeavours," Modi said in a tweet, sharing a picture of their meeting at his official residence.
A year after a young woman doctor was raped and murdered in Kolkata, her parents express their disappointment with the investigation and their continued pursuit of justice.
West Bengal Chief Minister Mamata Banerjee has defended her support for teachers who were dismissed following a Supreme Court verdict, accusing the BJP and CPI(M) of "hatching a conspiracy" to influence the ruling. She dared the BJP to arrest her for supporting the affected candidates, while asserting that her government will abide by the verdict but explore all legal options. The development has triggered political reactions with the BJP demanding Banerjee's resignation, while the CPI(M) expressed concern over the impact on the education system. Banerjee also criticized the BJP's handling of the Vyapam scam in Madhya Pradesh, drawing parallels to the school jobs scam in West Bengal.
Banerjee supported 'Nyay' (poverty alleviation scheme of Congress) and people of India rejected his ideology, the BJP leader said.
Nobel laureate economist Abhijit Banerjee has said the current situation in Bangladesh is unlikely to trigger a fresh round of exodus of minority Hindus into India. He believes that migration is primarily driven by social networks and economic opportunities rather than persecution. Banerjee, known for his work in poverty alleviation, further emphasized that India's overt preference for Hindu migrants from Bangladesh in the past has been a significant factor in their migration, rather than attacks on the community.
'Mr Modi would compliment a Nobel Prize winner, but members of his party or the government would not be restrained from either making unfair comments or criticising him for having offered advice to an Opposition political party,' says A K Bhattacharya.
"I am very happy and proud of his achievements. I am yet to speak to him. I think he must be sleeping as it's still night in the United States," she said.
Abhijit said he was in touch with Mamata and her nephew Abhishek before the assembly polls.
A bench of Chief Justice D Y Chandrachud and Justice P S Narasimha allowed Banerjee to avail available remedies under the law but refused to interfere with the May 18 order of the Calcutta high court.
'The fruition of Nobel's hope lies in the response of a caring government that can rise above politics and propaganda, not in the frenetic raptures of a public that worships fame for fame's sake,' says Sunanda K Datta-Ray.
The Election Commission on Tuesday censured former Calcutta high court judge and Bharatiya Janata Party candidate Abhijit Gangopadhyay for his comment against West Bengal Chief Minister Mamata Banerjee and debarred him from campaigning for 24 hours.
The Central Bureau of Investigation (CBI) hand-delivered a summons to Trinamool Congress MP Abhishek Banerjee for questioning in connection with the teachers' recruitment scam case on Monday, allegedly over two hours after the Supreme Court had stayed a high court order for his interrogation.
A Raja said panel's chairman Jagdambika Pal has been conducting the panel's meetings in haste, raising doubts that it will not be able to serve justice.
The top court, however, did not stay at this stage the part of the high court order which had said that central probe agencies could quiz the Trinamool Congress general secretary in connection with these cases and fixed his plea for hearing in July.
The meeting of the Joint Committee on Waqf (Amendment) Bill took an ugly turn as the Trinamool Congress MP smashed a glass water bottle and threw it towards panel chairman Jagdambika Pal of the Bharatiya Janata Party during a heated exchange of words with BJP's Abhijit Gangopadhyay, a former Calcutta high court judge.
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