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Nobel

The Nobel doesn’t go to…

Gandhi was first nominated for the award in 1937 by a member of the Norwegian Parliament who is said to have observed that Gandhi's philosophy of absolute peace and non -violence, has permeated India's poor and tortured masses. The Nobel Committee dismissed the nomination on the ground that his political actions were tactical, his calculations cunning.

Fighting Poverty~II

Micro-credit has, however, earned its rightful place as one of the key instruments in the fight against poverty. However, the equivalent of the microfinance revolution for small and medium firms is still a long way away. Nobody has yet figured out how to do it profitably on a large scale. Changes in the business environment, such as improvements in the functioning of courts, may well make the difference.

WB Assembly to preserve 3 books of Nobel Laureate

Addressing the House on the motion to congratulate Nobel laureate Abhijit Vinayak Banerjee, the speaker said that he had agreed to the demand of Partha Chatterjee, who requested for the preservation of at least three books of the laureate in the House library.

Banks and Us

The turmoil in the financial sector has placed ordinary citizens in an unenviable position. With stressed banks and failing companies, the average person does not know where to put his hard-earned money. Perhaps, we have reached the position envisioned by the Nobel Laureate Joseph E Stiglitz: We have banks that are not only too big to fail, but too big to be held accountable.‘