Economics Nobel Prize 2016: Oliver Hart and Bengt Holmström

Economics Nobel Prize 2016: Oliver Hart and Bengt Holmström

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 to Oliver Hart, Harvard University, Cambridge, MA, USA and Bengt Holmström, Massachusetts Institute of Technology, Cambridge, MA, USA “for their contributions to contract theory”.  British-born Oliver Hart and Bengt Holmstrom of Finland won the Nobel Memorial Prize in Economic Sciences […]

Nobel Peace Prize 2016 goes to Colombian President Juan Manuel Santos

Nobel Peace Prize 2016 goes to Colombian President Juan Manuel Santos

Colombian President Juan Manuel Santos won 2016 Nobel Peace Prize. Santos won Nobel for his efforts to end five-decades-long civil war in Colombia. Harvard-educated Santos was behind some of FARC’s biggest military setbacks. Colombian President Juan Manuel Santos+ won the Nobel Peace Prize on Friday for his efforts to end a five-decades-long civil war that has killed more […]

Udupi Ramachandra Rao first Indian to be inducted into IAF Hall of Fame

Udupi Ramachandra Rao first Indian to be inducted into IAF Hall of Fame

Former Indian Space Research Organisation (ISRO) chairman Udupi Ramachandra Rao, who is also popularly known as U. R. Rao, was inducted into the 2016 IAF Hall of Fame on 30 September 2016 by the International Aeronautical Federation (IAF). After this, U R Rao also became the first Indian to be inducted into IAF Hall of […]

Frenchman, British and Dutch Scientists won Nobel Chemistry Prize

Frenchman, British and Dutch Scientists won Nobel Chemistry Prize

Frenchman Jean-Pierre Sauvage, British-born J Fraser Stoddart and Dutch scientist Bernard Feringa won the Nobel Prize in chemistry for developing molecular machines. The laureates share the 8 million kronor ($930,000) prize for the “design and synthesis” of molecules with controllable movements, which can perform a task when energy is added, the Royal Swedish Academy of […]

David, Duncan and Kosterlitz won Nobel Prize in Physics

David, Duncan and Kosterlitz won Nobel Prize in Physics

The 2016 Nobel prize in physics has gone to David Thouless, Duncan Haldane and Michael Kosterlitz for their work on exotic states of matter. The work helps explain why some materials have unexpected electrical properties, such as superconductivity, and in future the work could pave the way for quantum computers. David Thouless, Duncan Haldane and […]

Yoshinori Ohsumi wins Nobel Prize in Physiology or Medicine

Yoshinori Ohsumi wins Nobel Prize in Physiology or Medicine

This year’s Nobel Laureate discovered and elucidated mechanisms underlying autophagy, a fundamental process for degrading and recycling cellular components. Japan’s Yoshinori Ohsumi has been a professor at the Tokyo Institute of Technology since 2009. He located genes that regulate the cellular “self eating” process known as autophagy. Dr Ohsumi’s work is important because it helps explain what goes […]