×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 15 October, 2019

  • 3 Min Read

ECONOMICS NOBEL FOR ABHIJIT AND TWO OTHERS

ECONOMICS NOBEL FOR ABHIJIT AND TWO OTHERS


Why was this award given ?

For the experimental approach to alleviate Global poverty

Who gives the award?

Royal Swedish Academy of Sciences

Name of the award :

Sveriges Riksbank Prize in economic Sciences

Awardees :

a. Abhijit Banerjee
b. Esther Duflo
c. Michael Kremer

Impact of this approach :

a. To fight Global poverty
b. Effective interventions for improving educational outcomes and child health.

Approach :

"Evidence-based approach"- based on the concept of clinical trials of the pharmaceutical industry.

Technique used :

Breaking down the big picture questions into smaller and more manageable and measurable questions. These questions would be answered by the most affected.

Eg. the Rajasthan vaccination program was a huge success when the women were given free bags of pulses in return of bringing their child to vaccination.

Institutions that choose winners: (Pt Shots)

1. Nobel prize in Physics and Chemistry: by The Royal Swedish Academy of Sciences

2. Nobel prize in Physiology or Medicine: by The Karolinska Institutet

3. Nobel prize in Literature: by The Swedish Academy

4. Nobel Peace prize : 5-member Committee elected by the Norwegian Parliament

5. Prize in Economic prizes: The Royal Swedish Academy of Sciences

Source: THE HINDU


Pradhan Mantri Suryodaya Yojana

Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an

Foreign Contribution Regulation Act (FCRA)- NGO 

The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description

Voice clone-AI

Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na

Science communication- how to promote

Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI

Universal Basic Income (UBI)- Analysis

Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co

Toppers

Search By Date

Newsletter Subscription
SMS Alerts

Important Links