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Nobel Economics Prize 2024 Goes to Daron Acemoglu, Simon Johnson, and James A. Robinson [Details]

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The Royal Swedish Academy of Sciences announced today that Daron Acemoglu, Simon Johnson, and James A. Robinson have been awarded the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The prestigious prize recognizes their significant contributions to understanding how institutions are formed and their impact on national prosperity.

This year’s award marks the final Nobel Prize to be announced, concluding the 2024 Nobel Prize season. The economics prize, established in 1968 as a memorial award, acknowledges outstanding contributions to the field of economics.

Three Winners

  • Daron Acemoglu: Born in 1967 in Istanbul, Turkey, Acemoglu earned his Ph.D. from the London School of Economics in 1992. He is currently a professor at the Massachusetts Institute of Technology (MIT) in Cambridge, USA.
  • Simon Johnson: Johnson was born in 1963 in Sheffield, UK, and completed his Ph.D. at MIT in 1989. He is also a professor at MIT.
  • James A. Robinson: Born in 1960, Robinson received his Ph.D. from Yale University in 1993 and is now a professor at the University of Chicago, Illinois, USA.

The award-winning research of Acemoglu, Johnson, and Robinson explores the relationship between institutions and prosperity across nations, shedding light on how the design and governance of institutions can influence economic outcomes.

The economics prize has a rich history, including recognition of influential figures such as Milton Friedman, who won in 1976 for his groundbreaking work in consumption analysis and monetary theory. Friedman was a strong advocate for free markets, and his ideas significantly influenced economic policy in the UK and the US. The Nobel committee continues to reflect on the impact of economics on society and the importance of institutions in shaping the global economic landscape.

CUET results for admission in DU, other universities announced

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The National Testing Agency (NTA) on Friday released the Common University Entrance Test Undergraduate (CUET-UG) results.

About 20,000 students have scored 100 percentile in 30 subjects in these examinations taken for admission to undergraduate courses.

According to NTA, the highest number of 100 percentilers were in English at 8,236, followed by Political Science (2,065), Business Studies (1,669), Biology (1,324) and 1,188 Economics.

As many as 2,92,589 students appeared in these examinations from Uttar Pradesh, 1,86,405 from Delhi, while only 583 students from Meghalaya took the exams.

The result has been released on NTA’s official website where the students can view and download their marks from. The result of the examination will be available on the website for 90 days.

Notably, the examinations were conducted for admission in 91 universities, including all the central universities of the city. Now that the results are out, the universities and colleges will prepare their cut-off list.

CUET (UG) Exam.(photo:Twitter)

While the series of tests began on July 15, the sixth and final phase was completed on August 30. A total of 14.90 lakh students had registered themselves and around 60 per cent attempted it.

Besides, CUET-UG exams were also conducted in foreign cities like Muscat, Riyadh, Dubai, Manama, Doha, Kathmandu, Sharjah, Singapore and Kuwait.

In India, the tests were conducted in 444 centres spread across 239 cities.

This time, admissions in all central universities, including Delhi University, are based on the CUET scores only. Delhi University is the largest central university in India with about 80 departments under its umbrella. These include postgraduate degree, PhD, certificate courses, degree courses etc.

It has about 79 colleges offering undergraduate and postgraduate courses.

Every year, more than 70,000 students take admissions in these colleges and departments for graduation in science, commerce and humanities.

Among the minority educational institutions, Jamia Millia Islamia has also decided to implement CUET for admission to several undergraduate courses from the current academic session 2022-23.

Meanwhile, the Delhi High Court has ordered St. Stephen’s College, Delhi to adopt the admission process on the basis of CUET.

 

Not China, but Russia announces world’s first Covid-19 vaccine

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Any Covid-19 vaccine? All nations and the entire world humanity was eagerly awaiting the precious announcement from at least one top nation that its scientists have successfully completed clinical trials of Covid-19 vaccine.

When expectations were running high that it would be China, where the novel coronavirus had its origin in the city of Wuhan, unexpectedly Russia has announced first to the world that its clinical trials are completed successfully and the vaccine is ready for production.

The Sechenov First Moscow State Medical University is the one which has claimed that it has successfully completed the trails their vaccine has all the “safety of those vaccines that are currently in the market.”

Announcing the news, Vadim Tarasov, the director of the Institute for Translational Medicine and Biotechnology of the Unviersity said the clinical trials have been conducted on volunteers, reports Russian news agency Sputnik, adding that the first group of volunteers would be discharged on 15 July and the second on 20 July.

Russian vaccine

The vaccine was produced by Russia’s Gamalei Institute of Epidemiology and Microbiology on June 18. “Sechenov University has successfully completed tests on volunteers of the world’s first vaccine against coronavirus,” Tarasov said.

“The safety of the vaccine is confirmed. It corresponds to the safety of those vaccines that are currently on the market,” said another scientist Alexander Lukashev, director of the Institute of Medical Parasitology, Tropical and Vector-Borne Diseases at Sechenov University.

“Sechenov University in a pandemic situation acted not only as an educational institution but also as a scientific and technological research center that is able to participate in the creation of such important and complex products as drugs,” Tarasov said.

Elsewhere, Gilead Sciences, Oxford University’s researchers and American biotech company Moderna are at the forefront of developing a Covid-19 vaccine, while a Canadian and Chinese joint project is equally pushing the date for completion of clinical trials. BioNTech SE and Pfizer Inc’s Covid-19 vaccine candidate is expected to be ready by the end of 2020.

Schools, offices closed tomorrow on Vajpayee’s demise

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More than 12 states and the central government have announced a holiday tomorrow, Friday, August 17, 2018 following the death of former Prime Minister of India, Atal Behari Vajpayee. The states include Delhi, Haryana, Punjab, UP, MP, Bihar, Assam, Karnataka, Tamil Nadu, Uttar Pradesh, Bihar, Uttar Pradesh, Madhya Pradesh, Jharkhand, among others.

Vajpayee breathed his last on Thursday at 5:05 pm, said an official statement and the government has announced a 7-day mourning whereby the national flags will be lowered half mast.

Delhi Government was among the many states to announce a holiday the next day, Friday, August 17 for all schools, colleges and government offices. Haryana, Punjab, UP, MP, Bihar, Assam, Karnataka, Tamil Nadu, Uttar Pradesh, Bihar, Uttar Pradesh, Madhya Pradesh, Jharkhand followed the same while Maharashtra, Gujarat, Rajasthan and other states are yet to announce the holiday officially.

Goa has later joined others and announced state holiday in Goa on Friday. Andhra Pradesh is yet to announce a holiday. Deputy Chief Minister of Delhi, Manish Sisodia, was the first to tweet a statewide holiday. However, all IT and private companies will work as usual.

Atal Behari Vajpayee was remembered for his famous speech at UN in Hindi for the first time in 1978 as foreign minister and then his bold move to hold the Pokhran Tests. His poems in Hindi are famous and he is seen a literary figure in the field.

Thrice Prime Minister of India in span of 10 years. Vajpayee was a respected leader among all the parties cutting acrosss the ideological divide.

KCET 2018 results to be announced tomorrow, June 1

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KCET 2018 results for admission to engineering seats in Karnataka will be announced on Friday, June 1 as COMEDK, the other entrance test for private engineering colleges was announced on Monday, May 28.

Usually, the Karnataka Examinations Authority (KEA) usually conducts its counselling first for the government seats in engineering and other allied seats spread over state’s aided and unaided private colleges.

On may 16, KEA has opened the link to upload the board exam marks by candidates who have appeared for the Karnataka Common Entrance Test (KCET) 2018 and the results are due now since all boards have announced their PUC or class 12 exam results, including CBSE and ICSE.

KCET considers 50 percent of Class 12 or state Pre-university Course (PUC) marks and another 50 percent from the marks scored by candidates in respective subjects in KCET 2018. Since marks are already known to many candidates, the final ranking will help them seek admission based on it in respective colleges at government-fixed fee which is one-third less than the COMEDK fees for these seats.

The KCET 2018 results will be announced on the official website of KEA at kea.kar.nic.in, while the same will be made available on other websites as well in view of the volume of traffic online to check the results.

Held from April 18 to 20 this year, more than 1.98 lakh candidates in Karnataka had appeared for the exam seeking admission to B. Tech or BE programmes in various state universities, government colleges and private institutes.
How to check results?

Visit the official website of Karnataka Examination Authority (KEA) and clikc on results link which will be blinking. When a new window pops up, candidates will have to enter the registration Number that is available on KCET 2018 Admit Card and then click Submit button. Results with ranking will appear and students are advised to take a print out of the score card in duplicate for future use.

Around 1,25,000 candidates will be called for the counselling process in phases.

Since KEA is likely to make a new app available for the counselling process, students are advised to download it and make entries accordingly. It enables candidates to upload their documents for verification online, making the process simpler and quicker. Here is a glance at last year’s cutoff rankings for top colleges.

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Film on 1983 Cricket World Cup Winning set for Release in April 2019

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Upcoming Bollywood film ’83’ on India’s 1983 cricket World Cup victory, will release on April 5, 2019, said producers Reliance Entertainment and Phantom Films in association with Vibri Media and Kabir Khan Films.

Directed by Kabir Khan, the film will feature actor Ranveer Singh as star cricketer Kapil Dev under whose captaincy India achieved the great honour in 1983 first time in cricket history.

The film surrounds on how Kapil Dev, then Indian cricket team defeated West Indies, making the cricket team noticeable among the cricketing world.

Khan said,”As a young school boy, when I watched India win the 1983 Cricket World Cup, I had no idea that from that day onwards cricket in India will change forever. As a filmmaker, for me, the journey to that win, filled with raw energy and sheer passion of that young Indian team, is probably one of the most exciting stories I have worked on. And it’s great to have Ranveer come on board to play Kapil Dev, as honestly, I could see no one else for the role, ever since I started finalizing the script.”

Shibasish Sarkar, COO of Reliance Entertainment, said: “Winning the ’83 cricket World Cup was a very proud moment for us as Indians and we at Reliance Entertainment aim to bring back those glorious moments for the current and future generations through this film.”

Madhu Mantena of Phantom Films and Vishnu Vardhan Induri of Vibri Media said the story was waiting to be told to the nation how it underwent the transformation into a big league cricket playing and winning teams among the cricket-playing nations. The “country needs to know” the story, they added.

ISRO to launch new satellite IRNSS-1H on August 31

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Indian Space Research Organization (ISRO) will launch its next satellite on August 31.

ISRO said it would put into orbit the IRNSS-1H satellite at 18:59 hours on Thursday, Aug. 31, 2017, using the rocket PSLV-C39 from Sriharikota. The payload would augment the capacity of India’s seven-satellite ‘NavIC’ constellation or the GPS equivalent in space.

The NavIC constellation consists of 3 IRNSS satellites located in suitable orbital slots in the geostationary orbit and the remaining 4 in geosynchronous orbits with the required inclination and equatorial crossings in two different planes. Configured identially, all the seven satellites are equipped with I-1K Bus to be compatible on-board the ISRO workhorse PSLV vehicle.

The first satellite in the series, IRNSS-1A developed a technical snag earlier, as its rubidium atomic clock failed in space, requiring the current satellite, which will take over the mantle of the first payload in the series.

IRNSS is an independent regional navigation satellite system being developed by India. It is designed to provide accurate position information service to users in India as well as the region extending up to 1500 km from its boundary, which is its primary service area. An Extended Service Area lies between primary service area and area enclosed by the rectangle from Latitude 30 deg South to 50 deg North, Longitude 30 deg East to 130 deg East.

IRNSS will provide two types of services, namely, Standard Positioning Service (SPS) which is provided to all the users and Restricted Service (RS), which is an encrypted service provided only to the authorised users. The IRNSS System is expected to provide a position accuracy of better than 20 m in the primary service area.

Some applications of IRNSS:

  • Terrestrial, Aerial and Marine Navigation
  • Disaster Management
  • Vehicle tracking and fleet management
  • Integration with mobile phones
  • Precise Timing
  • Mapping and Geodetic data capture
  • Terrestrial navigation aid for hikers and travellers
  • Visual and voice navigation for drivers

Padma Awards 2017 Announced, Virat Kohli, Sadhguru Figure in List

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Padma Awards, India’s highest civilian Awards for 2017 have been conferred to singer K J Yesudas, spiritual leader Sadhguru Jaggi Vasudev and cricket captain Virat Kohli among many others.

Given in three categories – Padma Vibhushan, Padma Bhushan and Padma Shri – the Awards covered art, social work, public affairs, science and engineering, trade and industry, medicine, literature and education, sports, civil service, etc.

‘Padma Vibhushan’ is awarded for exceptional and distinguished service; ‘Padma Bhushan’ for distinguished service of high order and ‘Padma Shri’ for distinguished service in any field. The awards are announced on the occasion of Republic Day every year.

These awards will be conferred by the President of India later at Rashtrapati Bhawan around March/ April. This year the Padma Awards have gone to 89 persons in total, Padma Vibhushan to 7, and Padma Bhushan to 7 and Padma Shri to 75 Awardees.  Women are 19 and the list also includes 5 persons from the category of foreigners, NRIs, PIOs and 6 Posthumous awardees.

Here is the full list of Padma Awards 2017:

PADMA VIBHUSHAN

Sl. No Name Field State
1. Shri K J Yesudas Art-Music Kerala
2. Sadhguru Jaggi Vasudev Others-Spiritualism Tamil Nadu
3. Shri Sharad Pawar Public Affairs Maharashtra
4. Shri Murli Manohar Joshi Public Affairs Uttar Pradesh
5. Prof. Udipi Ramachandra Rao Science & Engineering Karnataka
6. Late Shri Sunder Lal Patwa (Posthumous) Public Affairs Madhya Pradesh
7. Late Shri PA Sangma

(Posthumous)

 Public Affairs Meghalaya

 

Padma Bhushan

Sl. No. Name Field State
8. Shri Vishwa Mohan Bhatt Art-Music Rajasthan
9. Prof. (Dr.) Devi Prasad Dwivedi Literature & Education Uttar Pradesh
10. Shri Tehemton Udwadia Medicine Maharashtra
11. Shri Ratna Sundar Maharaj Others-Spiritualism Gujarat
12. Swami Niranjana Nanda Saraswati Others-Yoga Bihar
13. Princess Maha Chakri Sirindhorn (Foreigner) Literature & Education Thailand
14. Late Shri Cho Ramaswamy (Posthumous) Literature & Education –Journalism Tamil Nadu

           

Padma Shri 

Sl. No Name Field State
15. Smt. Basanti Bisht Art-Music Uttarakhand
16. Shri Chemanchery Kunhiraman Nair Art-Dance Kerala
17. Smt. Aruna Mohanty Art-Dance Odisha
18. Smt. Bharathi Vishnuvardhan Art-Cinema Karnataka
19. Shri Sadhu Meher Art-Cinema Odisha
20. Shri T K Murthy Art-Music Tamil Nadu
21. Shri Laishram Birendrakumar Singh Art-Music Manipur
22. Shri Krishna Ram Chaudhary Art-Music Uttar Pradesh
23. Smt. Baoa Devi Art-Painting Bihar
24. Shri Tilak Gitai Art-Painting Rajasthan
25. Dr. Prof. Aekka Yadagiri Rao Art-Sculpture Telangana
26. Shri Jitendra Haripal Art-Music Odisha
27. Shri Kailash Kher Art-Music Maharashtra
28. Smt. Parassala B Ponnammal Art-Music Kerala
29. Smt. Sukri Bommagowda Art-Music Karnataka
30. Shri Mukund Nayak Art-Music Jharkhand
31. Shri Purushottam Upadhyay Art-Music Gujarat
32. Smt. Anuradha Paudwal Art-Music Maharashtra
33. Shri Wareppa Naba Nil Art-Theatre Manipur
34. Shri Tripuraneni Hanuman Chowdary Civil Service Telangana
35. Shri T.K. Viswanathan Civil Service Haryana
36. Shri Kanwal Sibal Civil Service Delhi
37. Shri Birkha Bahadur Limboo Muringla Literature & Education Sikkim
38. Smt. Eli Ahmed Literature & Education Assam
39. Dr. Narendra Kohli Literature & Education Delhi
40. Prof. G. Venkatasubbiah Literature & Education Karnataka
41. Shri Akkitham Achyuthan Namboothiri Literature & Education Kerala
42. Shri Kashi Nath Pandita Literature & Education Jammu & Kashmir
43. Shri Chamu Krishna Shastry Literature & Education Delhi
44. Shri Harihar Kripalu Tripathi Literature & Education Uttar Pradesh
45. Shri Michel Danino Literature & Education Tamil Nadu
46. Shri Punam Suri Literature & Education Delhi
47. Shri VG Patel Literature & Education Gujarat
48. Smt. V Koteswaramma Literature & Education Andhra Pradesh
49. Shri Balbir Dutt Literature & Education-Journalism Jharkhand
50. Smt. Bhawana Somaaya Literature & Education-Journalism Maharashtra
51. Shri Vishnu Pandya Literature & Education-Journalism Gujarat
52. Dr. Subroto Das Medicine Gujarat
53. Dr. (Smt.) Bhakti Yadav Medicine Madhya Pradesh
54. Dr. Mohammed Abdul Waheed Medicine Telangana
55. Dr. Madan Madhav Godbole Medicine Uttar Pradesh
56. Dr. Devendra Dayabhai Patel Medicine Gujarat
57. Prof. Harkishan Singh Medicine Chandigarh
58. Dr. Mukut Minz Medicine Chandigarh
59. Shri Arun Kumar Sharma Others-Archaeology Chhattisgarh
60. Shri Sanjeev Kapoor Others-Culinary Maharashtra
61. Smt. Meenakshi Amma Others-Martial Art Kerala
62. Shri Genabhai Dargabhai Patel Others-Agriculture Gujarat
63. Shri Chandrakant Pithawa Science & Engineering Telangana
64. Prof. Ajoy Kumar Ray Science & Engineering West Bengal
65. Shri Chintakindi Mallesham Science & Engineering Andhra Pradesh
66. Shri Jitendra Nath Goswami Science & Engineering Assam
67. Shri Daripalli Ramaiah Social Work Telangana
68. Shri Girish Bhardwaj Social Work Karnataka
69. Shri Karimul Hak Social Work West Bengal
70. Shri Bipin Ganatra Social Work West Bengal
71. Smt. Nivedita Raghunath Bhide Social work Tamil Nadu
72. Shri Appasaheb Dharmadhikari Social Work Maharashtra
73. Baba Balbir Singh Seechewal Social Work Punjab
74. Shri Virat Kohli Sports-Cricket Delhi
75. Shri Shekar Naik Sports-Cricket Karnataka
76. Shri Vikasa Gowda Sports-Discus Throw Karnataka
77. Smt. Deepa Malik Sports-Athletics Haryana
78. Shri Mariyappan Thangavelu Sports-Athletics Tamil Nadu
79. Smt. Dipa Karmakar Sports-Gymnastics Tripura
80. Shri P R Shreejesh Sports-Hockey Kerala
81. Smt. Sakshi Malik Sports-Wrestling Haryana
82. Shri Mohan Reddy Venkatrama Bodanapu Trade & Industry Telangana
83. Shri Imrat Khan

(NRI/PIO)

 Art-Music USA
84. Shri Anant Agarwal

(NRI/PIO)

 Literature & Education USA
85. Shri H.R. Shah

(NRI/PIO)

 Literature & Education-Journalism USA
86. Late (Smt.) Suniti Solomon

(Posthumous)

 Medicine Tamil Nadu
87. Shri Asoke Kumar Bhattacharyya

(Posthumous)

 Others-Archaeology West Bengal
88. Dr. Mapuskar

(Posthumous)

 Social Work Maharashtra
89. Smt. Anuradha Koirala (Foreigner) Social Work Nepal