'Rajan among probables for Nobel Prize for economics'

Agencies
October 7, 2017

Former RBI Governor Raghuram Rajan features in the list of probables for this year's Nobel Prize in Economics, The Wall Street Journal has reported.

He is one of the six economists on the list of probable winners complied by Clarivate Analytics, a company that does academic and scientific research and maintains a list of dozens of possible Nobel Prize winners based on research citations.

The entry to the list does not guarantee that Rajan is a front-runner but he is a probable who stands a chance to win.

Rajan, whose three year term as Reserve Bank Governor ended on September 4, 2016, is considered a candidate for his "contributions illuminating the dimensions of decisions in corporate finance", Clarivate said.

The Nobel Prize in Economics will be announced on Monday.

According to Clarivate Analytics, the list of possible Nobel Prize winners based on research citations include Colin Camerer of the California Institute of Technology and George Loewenstein of Carnegie Mellon University (for pioneering research in behavioural economics and in neuroeconomics); Robert Hall of Stanford University (for his analysis of worker productivity and studies of recessions and unemployment); and Michael Jensen of Harvard, Stewart Myers of MIT and Raghuram Rajan of the University of Chicago (for their contributions illuminating the dimensions of decisions in corporate finance).

Rajan, who at 40 was the first non-western and the youngest to become the chief economist at the International Monetary Fund, shot to big fame three years after he predicted a financial crisis at an annual gathering of economists and bankers in the US in 2005.

He was appointed RBI Governor by the previous UPA government in 2013 and although he wanted a second term he was not offered an extension, which most of his predecessors got, by the current NDA regime.

He is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at the Booth School of Business, University of Chicago.

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News Network
May 20,2024

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Mangaluru, May 20: In a heart-wrenching turn of events, a young man ended his life by stepping in front of a speeding train at Kolakadi railway gate near Mulky, following the tragic suicide of his beloved girlfriend. This sorrowful incident unfolded on Sunday casting a pall of grief over their families and the community.

The Victims of Love

The deceased, Kartik Poojary, a 20-year-old mechanic, had returned to his home in Molottu on Saturday after working in Chitradurga. Kartik lived with his mother and grandmother in Molottu, and had recently started working at a relative’s garage.

Kartik’s heart belonged to his collage mate Sharanya, 19, daughter of Harish Kotyan. Their love, blooming in their teenage years, faced the stern disapproval of their parents due to their young age. Although their parents had reluctantly agreed to their union through a legal bond to marry once they reached the appropriate age, fate took a cruel turn.

The Cruel Twist of Fate

In a sudden decision, Sharanya's parents withdrew her from college and sent her away to Moodbidri. Overwhelmed by despair and separation, Sharanya ended her life by hanging herself at home while her family was away on Friday. Her death was a blow too harsh for Kartik to bear.

A Grief Too Heavy to Bear

Kartik, shattered by the news of Sharanya’s death, hurried back to his home in Molottu on Saturday. The following morning, with his mother away in Kerala on urgent business, Kartik's grief culminated in his tragic decision. He walked to the railway tracks at Kolakadi and succumbed to his sorrow under the wheels of a passing train.

The Aftermath

The Mulky police, led by Inspector Vidyadhar, arrived at the scene and registered a case. The community is left mourning the untimely deaths of two young lives intertwined by love and separated by an unkind twist of fate.

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News Network
May 19,2024

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Mangaluru: Disgruntled BJP leader and former MLA K Raghupathi Bhat, who is contesting the legislative council election as an independent candidate from the South West Graduates constituency, said the BJP has adopted the “godfather culture” of the Congress.

Bhat told reporters here on Saturday, that he has not tried to appease any senior BJP leaders to get a party ticket to contest the MLC poll.

“I am contesting and seeking votes based on my achievements. My contesting may have a negative impact on the BJP. However, I want to go back to the BJP after winning this election,” Bhat said, and refused to answer the actual reason for the denial of a BJP ticket to him.

“I have no idea who played from behind that I was denied a ticket for the MLC poll.

Earlier, the BJP had a culture of selecting candidates for MLA and MLC polls by seeking the opinion of party workers at the booth level, followed by discussions at mandal and district levels.

Now the situation is such that even if one person’s name was sent from the state, the final list will be different. The godfather culture of the Congress has stretched into our party too. Only those who appease leaders get a ticket in the BJP. However, I have not appeased any leader. I believe in the support of party workers, and with this confidence I am contesting the election,” Bhat said.

To a query, Bhat said that he has not contacted by BJP leaders after deciding to contest the MLC poll.

“I have already requested all leaders that I should get the party’s Form B to contest the MLC poll from the South West Graduates constituency. I have told them that I am also contesting as an independent candidate on behalf of the BJP. The ultimate aim of my contesting the election is that senior leaders should know the injustice that honest party workers are facing in the BJP,” he said.

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News Network
May 30,2024

Mangaluru, May 30: A 23-year-old woman, who was found ''aimlessly roaming'' at the Mangaluru International Airport on Thursday was intercepted by the airport security and safely handed over to the police, officials said.

According to the Bajpe police, she had come to Mangaluru airport from Bengaluru by road in the morning. She has also given her place of origin as Davanagere.

Her relatives had filed a missing person report in Davangere four days ago.

The police have sent her to the government's Wenlock hospital. Her relatives have been informed about her safety and they will be arriving later in the day, police said.

The woman is suspected to be battling depression. However, police said, they are yet to verify from the doctors about her condition.

This is the second incident of a woman roaming free in the airport, only to be secured by the alert security personnel and handed over to the police.

A woman from Kadri in Mangaluru city had travelled to the airport on May 14 and was reunited with her family later.

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