Welfare Economist Angus Deaton won the Nobel Prize in Economics
The
Royal Swedish Academy on 12 October chose welfare economist Angus
Deaton for the Nobel Prize in Economics for his wide ranging work on
consumption and poverty. Dr. Deaton is one of the front line economists
who focused his studies on poverty and redefined the way poverty is
measured around the world, especially in India. A significant number of
his research papers take India as a case study for studying poverty and
consumption.
Alexander Lukashenko as President of Belarus for fifth time
President
Alexander Lukashenko has been reelected for a fifth term, as President
of Belarus. Lukashenko garnered 83.5 percent votes in the voting held on
11 October. Lukashenko’s vote share was an increase from 79.7 per cent
vote share in 2010.
India, China begin counter-terrorism drills in China
The
joint Hand-in-Hand counter-terrorism excercises between India and China
started on 12 October, following the arrival of 175 personnel from the
Naga Regiment of the Eastern Command in Kunming. An equal number of
Chinese personnel from the Chengdu-based 14 Corps are participating in
the manoeuvres whose aim is to develop joint operating capability, share
useful experience in counter-terrorism operations and to promote
friendly exchanges between the armies of India and China. These
excercises will continue till October 22.