awards Current Affairs

TM Krishna wins 2015-16 Indira Gandhi Award for National Integration

Carnatic vocalist T M Krishna won 30th Indira Gandhi Award for National Integration for 2015 -16 for his services in promoting and preserving national integration in the country.

He will be presented with the honour by Congress president Sonia Gandhi on October 31, 2017 Indira Gandhi’s death anniversary.

TM Krishna

He is one of prominent vocalists in rigorous Carnatic tradition of Indian classical music and also activist who has worked on creating egalitarian spaces for music and breaking down caste-barriers in form. He was also part of movement to help Tamil-dominated and war-ravaged northern province of Sri Lanka rebuild its classical music traditions. He has written and talked on wide range of socio-political issues, including women’s rights, children’s needs, issues that make a society civil or un-civil, and dangers of mentality of war and narrow nationalism. In 2016, he won Ramon Magsaysay award for bringing “social inclusiveness in culture.

Indira Gandhi Award for National Integration

The award was instituted in 1985 by Congress on its centenary year celebrations. It is conferred every year on October 31 for promoting national integration, understanding and fellowship among different communities and cultures of India. The award consists of a citation and a cash prize of Rs. 10 lakh.

Some of the recipients are.S. Subbulakshmi, former prime minister Rajiv Gandhi (posthumously) and former presidents A.P.J. Abdul Kalam and Shankar Dayal Sharma (posthumously), musician A.R. Rahman, Ramakrishna Mission Ashram, poet Gulzar, scientist M.S. Swaminathan, filmmaker Shyam Benegal and lyricist Javed Akhtar.


Richard H. Thaler wins 2017 Nobel Prize in Economic Sciences

American economist Richard H. Thaler has won 2017 Nobel Prize in Economic Sciences for his contributions to behavioural economics. He will receive 9-million-kronor ($1.1-million) prize.

Thaler is Professor of Behavioral Science and Economics at University of Chicago Booth School of Business. He is co-author (with Cass R. Sunstein) of global best seller Nudge (2008) in which concepts of behavioral economics are used to tackle many of society’s major problems.

Richard H. Thaler’s Contribution

He has done pioneering work to bridge gap between economics and psychological analyses of individual decision-making. He has incorporated psychologically realistic assumptions into analyses of economic decision-making. He has brought to prominence idea of “nudge” economics, where humans are subtly guided toward beneficial behaviors without heavy-handed compulsion

His empirical findings and theoretical insights have been instrumental in creating new and rapidly expanding field of behavioural economics, which has profound impact on many areas of economic research and policy. He has shown how human traits systematically affect individual decisions as well as market outcomes, by exploring consequences of limited rationality, social preferences, and lack of self—control.

Nobel Prize in Economic Sciences

The economics prize, officially called Sveriges Riksbank (Swedish National Bank) Prize in Economic Sciences in Memory of Alfred Nobel was established in 1968. It was not part of the original group of awards set out in dynamite tycoon Alfred Nobel’s 1895 will. 2016 prize was shared by Oliver Hart and Bengt Holmström for their contributions to contract theory. Indian economist Amartya Sen had won Nobel Prize in Economic Sciences in 1998 for his contributions to welfare economics.