The Nobel Prize in economic sciences has been awarded to the former chairman of the Federal Reserve, Ben Bernanke, and two economists based in the US, Douglas W Diamond and Philip H Dybvig, who have been awarded the Nobel prize for research on financial crises and banks. A Nobel panel announced the award in Stockholm on Monday. The Nobel committee said their research had shown "the importance of preventing bank collapses." The prize comes with a cash award of 10 million Swedish kronor (nearly $900,000). Unlike the other prizes, the economics award was created by the Swedish central bank
Prime Minister Narendra Modi on Sunday declared Modhera village in Gujarat as the country's first 24x7 solar-powered village. Modhera, located 25 km from the Mehsana district of Gujarat, and about 100 km from the state capital of Gandhinagar, is well-known for a centuries-old Sun temple built during the Chalukya. While addressing a rally, Modi said, “We shall no longer pay for electricity, but will instead sell it and earn from it. Earlier, the government supplied power to residents; now, with the installation of solar panels, citizens will now produce their own electricity.” "A
The Royal Swedish Academy of Sciences has jointly awarded the 2022 Nobel Prize in Chemistry to Carolyn R. Bertozzi, Morten Meldal, and K. Barry Sharpless “for the development of click chemistry and bioorthogonal chemistry.” The trio has been awarded for their work in 'click chemistry', in which molecules snap together quickly and firmly, without the need for a lengthy and complex process and too many unnecessary byproducts. Their work has applications in medical science, including the treatment of cancer. Bertozzi is based at Stanford University in California, Sharpless with Scripps Re
On Thursday, Annie Ernaux was awarded the Nobel prize in literature for the year 2022 by the Swedish Academy in Stockholm. In its announcement, the Nobel prize committee praised Annie Ernaux's courage and clinical acuity in exploring the roots, estrangements, and collective restraints of memory. Annie Ernaux's prose captures the restraints of personal memory, the creation of new ones, and estrangements without being overly verbose. Through her work, she engages with French society diligently, looking at social disparities like gender, language, and class neither through rose-coloured glass
Australia intends to aim for zero extinction for its rare and special plants and animals, promising to preserve at least 30 percent of its land amid acute pressure on the country’s environment. Minister for the Environment and Water Tanya Plibersek, on Tuesday, said the 224.5 million Australian dollars ($145.9m) plan offers a way for threatened species conservation and recovery over the next decade. It lays most emphasis on 110 species and 20 places that need urgent action and includes a commitment to inhibit any new extinctions of plants and animals. Plibersek said the gover
This Dussehra, Dubai will have a new Hindu temple. Jebel Ali in Dubai will be the site of the temple, which will be inaugurated the day before Dussehra. One of the oldest Hindu temples in the UAE, Sindhi Guru Darbar Temple, is being expanded into a new temple according to the Khaleej Times. Dubai's new temple will open its doors to the public on October 5. The foundation was laid for the temple in 2020, reports state. The people of this area had been seeking a place of worship for more than a decade. The temple had its soft opening on September 1 this year, with thousands of visitors allow
A new advanced visa system announced by the United Arab Emirates (UAE) is set to go into effect on Monday. Golden visas will be extended for 10 years, green residency will be extended for five years, and a new multiple-entry tourist visa will be introduced to allow visitors to stay for 90 days in the country. In addition to tourists, those who wish to work or live in the UAE might also be affected by the changes in immigration laws. Key changes under the UAE's new immigration laws Under the five-year green visa, foreigners won't need the help of UAE nationals or their employers to spons
On Thursday, UNESCO released a list of 50 iconic and exclusive heritage textile crafts. There were textiles from Tamil Nadu, Hyderabad, and Sambalpur in Odisha selected for the show. They include Toda embroidery and Sungadi, Himroo weaves, and Bandha tie and dye weaving. Describes the complex and secret processes behind the production of traditional Indian textiles, discusses the reasons for their dwindling popularity, and discusses strategies for preserving them in Handmade for the 21st Century: Safeguarding Traditional Indian Textile. South Asia faces a huge challenge in safeguarding
Prime Minister Narendra Modi on Tuesday met the Japanese Prime Minister Fumio Kishida and conveyed his deepest condolences over the unexpected passing away of former Prime Minister Shinzo Abe as he highlighted the late Japanese leader's role in boosting the bilateral partnership and his vision of a free and inclusive Indo-Pacific region. "Landed in Tokyo," Modi tweeted, posting photos of him while getting off the plane. He also shared a similar tweet in Japanese. PM Modi, along with several world leaders, paid tributes to Abe. Representatives from over 100 countries, including over 20 h
On Sunday, Prime Minister Narendra Modi wished Israeli Prime Minister Modi to greet Israeli Prime Minister Yair Lapid and the Jewish community on the occasion of the Jewish New Year- Rosh Hashanah. He tweeted from his official tweeter handle, “Warmest greetings for Rosh Hashanah to my friend, Yair Lapid, Israel’s friendly people and the Jewish Community all over the world. May the new year bring good health, peace and prosperity to everyone.” Rosh Hashanah means ‘heads of the year’ which is a two-day celebration that marks every autumn the beginning of Jewish Holy Days. The mi