At one level, the topic of this year’s prize – the bank – is very easy to understand. All of us have familiarity with banking services from depositing our money to securing loans for purchasing vehicles and building houses. However, as the global financial crisis showed, the incentive structure governing this sector could be extremely subtle and complex. The Nobel laureates’ work arguably enhances our understanding in this extremely important sector.
Nobel for lifting the curtain on banking pitfalls
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Situation tense in Sudan, New Delhi engaging with Quartet countries
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Situation tense in Sudan, New Delhi engaging with Quartet countries
External affairs ministry and the Embassy are closely monitoring the situation in Sudan, a statement said.