American economists Paul R. Milgrom and Robert B. Wilson have been awarded Nobel Prize 2020 in Economic Sciences for their contributions to auction theory and inventions of new auction formats

Using the auction theory, the researchers try to understand the results of different rules of bidding and final prices

Nobel Laureate and economist Abhijit Banerjee says the ongoing slowdown will an adverse impact on India's long-term plan to alleviate poverty

\"India needs a better opposition. The opposition is the heart of democracy and the ruling party should want a better opposition to keep it under check,\" Abhijit Banerjee said at Jaipur Literature Festival

Abhijit Banerjee instead emphasised on the need to have a well-oiled machinery to provide relief to the distressed and said that waivers are not very efficient

Indian banks seek bankruptcy order against Vijay Mallya; Citizenship Amendment Bill passed in Rajya Sabha; Greta Thunberg declared as Time magazine's 2019 Person of the Year and more news on News Blast.

Cabinet approves amendments to streamline Insolvency and Bankruptcy CodeThe Union Cabinet has approved certain amendments to the Insolvency and Bankruptcy Code (IBC) during its meeting on Wednesday. The changes in bankruptcy law are meant to help investment in troubled sectors, protect corporate debtors, and to prevent ill-thought-out triggering of bankruptcy proceedings. The amendments also ensure that the foundation of a corporate debtor's business remains safeIndian banks seek ...

Indian-American economist Abhijit Banerjee, along with wife Esther Duflo, received the Nobel Prize in economics in Sweden along with a colleague Michael Kremer. The trio was awarded honour for their research on the root cause of poverty.At the ceremony, Abhijit Banerjee was seen in a black bandhgala and off-white dhoti while Duflo was seen in a handloom saree. Their friend and fellow Nobel Laureate Michael Kremer sported a black suit. The three economists were awarded medals at the ceremony and will also share the prize money of nine million Swedish krona (Rs 6.7 crore) among themselves. Banerjee, who was born in Mumbai, is the second Indian-origin economist after Amartya Sen to win the Nobel Prize in economics. Banerjee is also an alumnus of Kolkata's Presidency College alumni like Amartya Sen. Abhijit Banerjee and wife Esther Duflo are professors of economics at the Massachusetts Institute of Technology (MIT) while Kremer is a professor of economics at Harvard University.

The Royal Swedish Academy of Sciences awarded Banerjee, his wife Esther Duflo, and Michael Kremer for their experimental approach to alleviating global poverty

A memorandum of understanding (MoU) was signed by the state government with the Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia on Thursday to devise a strategic evidence-based approach to policy-making

Sixteen CEOs and economists lay out a roadmap to revive the economy

Elaborating on changes required, he said, \"We should seriously think of reducing equity share of government in public sector banks below 50 per cent so that the Central Vigilance Commission does not regulate (PSU banks)\".

Nobel Laureate Abhijit Banerjee says PM Modi explained to him how he's trying to bring reforms in the bureaucracy to make it more responsive

Nobel laureate Abhijit Banerjee is in India to promote his book 'Good Economics for Hard Times: Better Answers to Our Biggest Problems', co-written with fellow Nobel laureate and wife Esther Duflo.

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Indian-American Abhijit Banerjee, who has won the 2019 Nobel Economics Prize, shares his views on Modi government, poverty, its psychological impact and taxing the rich. Watch the video here.

Indian-American Abhijit Banerjee, who jointly won the 2019 Nobel Economics Prize with his wife Esther Duflo and Harvard's Michael Kremer said that the Indian economy was  \"doing very bad\", while addressing a press conference at the Massachusetts Institute of Technology after winning the prize. Watch the video here.