Who have been India's Laureates, winners from India or of Indian-origin?
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.
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.
The West Bengal chief minister during the meet said that the state government was keen to utilise the Nobel winner's services.
The Congress party has tweeted a 1.44-minute clip from the conversation which will be aired in full at 9 am Tuesday.
'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.
Uddalok Bhattacharya looks back at his friendship with 'Jhima', the Nobel Laureate.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.
"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.
Get more people working, get more people working in modern manufacturing and services in our cities, and get people working better and longer, suggests Naushad Forbes, past president, CII.
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.
The Thiruvananthapuram MP, who was speaking at the Kerala Literature Festival in Kozhikode on Friday, said while he concedes the BJP's dominance, it is also a fact that they have lost many states and them losing the central government is not impossible.
BCCI president-elect Sourav Ganguly said the achievement of Nobel prize winner and fellow Bengali Abhijit Banerjee is much bigger than his.
"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.
What happens if China depreciates its currency. In that case, Chinese products will be cheaper and people will continue to buy their products: Abhijit Banerjee.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
The economists who signed the letter included Jean Drze , Abhijit Banerjee, Ajit Ranade, Jayati Ghosh, Kirit Parikh, Mihir Shah, Rohini Pande, and Vijay Joshi
A poet, a novelist, a columnist and writer of short stories and travelogues, Dev Sen was also known for her research on the Ramayana.
'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.
Banerjee supported 'Nyay' (poverty alleviation scheme of Congress) and people of India rejected his ideology, the BJP leader said.
By thinking about growth versus poverty we have missed the main point, says MIT professor Abhijit Banerjee.
108 economists, social scientists said it was imperative that agencies like CSO and NSSO are not subject to political interference.
Beset by troubles on multiple fronts within, the Congress faces the danger of imploding with party veterans Ghulam Nabi Azad and Kapil Sibal on Wednesday sharply questioning the decision-making process, saying there are 'no monopolies', and demanded convening an urgent meeting of the Congress Working Committee for a 'dialogue'.
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
Experts disagree with the idea and the Reserve Bank of India (RBI), which has the sole right to print money, is not comfortable with it as well.
Kamala succeeded as she identified herself with the larger minority groups rather than narrow ethnicity, prodded by her mother who did not want to return to India, observes Ambassador T P Sreenivasan, who has done multiple stints in India's embassy in Washington, DC.
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