The Royal Swedish Academy of Sciences announced on Monday that it has decided to award the Nobel Prize in Economics 2025 to Joel Mokyr, Philippe Aghion, and Peter Howitt "for having explained innovation-driven economic growth." The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel goes to the trio, with one half awarded to Mokyr "for having identified the prerequisites for sustained growth through technological progress" and the other half jointly to Aghion and Howitt "for the theory of sustained growth through creative destruction."
'Our problem is not a budget deficit but a trust deficit. We need to trust our institutions and industries to innovate and lead. That is the way forward for India.'
A new global study on Wednesday listed India among the top fintech hotspots alongside the US and the UK. The World Economic Forum study, released at its Annual Meeting of New Champions in China's Tianjin, also said the fintech sector growth is stabilising amid strengthening profitability and inclusion.
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy passed away this morning, a senior EAC-PM official said. He was admitted to AIIMS. Debroy (69) was educated in Ramakrishna Mission School, Narendrapur; Presidency College, Kolkata; Delhi School of Economics; and Trinity College, Cambridge.
Referencing to a decline in manufacturing in democratic countries such as India and the US in recent years as production shifted to China, Gandhi said the shift had produced mass inequality and anger which needed urgent attention and dialogue.
The 2024 Nobel Prize in physiology or medicine has been awarded to Victor Ambros and Gary Ruvkun for their discovery of microRNA, a new class of tiny RNA molecules that play a crucial role in gene regulation.
Debroy's economic interests and research work covered numerous areas such as economic theory, income inequality, and infrastructure financing.
Comparing the Delhi School of Economics with Oxford and Cambridge, Prime Minister Manmohan Singh Wednesday asked the prestigious institution to benchmark globally to retain and attract students from India and abroad.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
He drew the roadmap of India's economic reform, unshackled it from the licence raj and pulled it back from the brink when even its gold reserve was pledged.
President-elect Donald Trump announced a slate of key Cabinet nominations, including tapping former Democratic presidential candidate Robert F. Kennedy Jr. as his Secretary of Health and Human Services and former Congressman Doug Collins of Georgia as Secretary for Veterans Affairs. Trump also named Jay Clayton as US Attorney for the Southern District of New York, Todd Blanche as Deputy Attorney General, and Dean John Sauer as Solicitor General of the United States.
They won for their analysis of markets with search frictions.
For Duflo and Banerjee, an important part of their work has been ensuring that the agency of the "beneficiaries" -- usually, in developing countries like India, poorer individuals -- is put at the centre of any policy design. This is a crucial way in which experimental results are often better than large scale data-based inference, says Mihir S Sharma.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
Economist Abhijit Sen, a former Planning Commission member and one of the country's foremost experts on rural economy, died on Monday night. He was 72.
rediffGURU Sushil Sukhwani offers expert advice about pursuing higher education abroad.
'Younger children don't really distinguish based on class, gender, income and so on.'
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Chief Minister MK Stalin has shown that he is cut from a different cloth when it comes to embracing what is current, modern and absolutely necessary. Thus, even while retaining the spirit and content of the pan-Tamil, Dravidian socio-political and socio-economic ideology to the 't', his government has also acknowledged the need to accepting scientifically-proven facts in operational matters, says N Sathiya Moorthy.
Amartyada, says Omkar Goswami, thank you for being the humane, caring and socially concerned economist that you are.
The counsel for the Centre said the proposal has been sent to the economic affairs department for further approvals, which would also be processed and the petitioner can apply for requisite visa permits.
'For no other leader of India do so many people turn up for an event every year without invitation.'
Viewed as India's most eligible bachelor by some, Congress leader Rahul Gandhi says he'll get married when the right girl comes along and part of the problem is that his parents' "really lovely marriage" has set the bar very high.
At this year's TIME ball in New York City on Thursday, April 25, you would have run into a Coimbatore-born American scientist, looking lovely in Sabyasachi Mukherjee designer finery, who would most likely have been hanging out with Dua Lipa.
Pratinav Anil is able to foresee some agency and assertion on the part of India's Muslims. His hope emanates from the citizenship rights movement of Muslims in 2019-2020, notes Mohammad Sajjad.
Policies to break down the business group format are far more likely to be effective, argues Simon Commander.
The Guardian ranks the best universities in the UK.
The IP & Science business of Thomson Reuters has announced its 2013 "Nobel-class" Citation Laureates on Wednesday, which names 28 researchers representing 22 distinct academic and research organisations, and six different countries.
'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'
From the Cambridge to the London School of Economics, United Kingdom is home to the world's best known universities. Suchitra Surve, counsellor, Growth Centre presents a lowdown on what you need to know before applying to a university in the UK.
Started in 2008, Tata ISES also has affiliations with the University of California, Berkeley, USA, and the University of Cambridge, UK for similar programmes.
'From a teenager who struggled with low self-esteem to representing India at Miss Teen Universe, I've really worked hard to become someone I'm proud of.'
'There are lots of low hanging fruits and often no real impediment to plucking them.'
Amidst major funding cuts in British universities, a top US academic has told a London audience that India and China could soon build institutions that match Oxford and Cambridge.
Around 75 professors and other academics of Indian origin working at some of Britain's prestigious institutions such as Cambridge and Oxford university and London School of Economics on Tuesday issued an open letter, sharply attacking Narendra Modi and saying, "The idea of Modi in power fills us with dread".
The UK University League Tables and Rankings 2016 ranks the best institutes for graduate prospects.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
As per the 2014 Research Excellence Framework (REF), Oxford overtakes Cambridge as Britain's best research university.
While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion
Eminent journalist B G Verghese, a Ramon Magsaysay award winner and former editor of leading dailies Hindustan Times and Indian Express, died on Tuesday at the age of 87 after brief illness.
