Photo: Twitter

Scottish Economist Angus Deaton has been felicitated with the prestigious Nobel Prize in economic sciences for "his analysis of consumption, poverty, and welfare."

Deaton, who was born in Edinburgh in 1945, works at Princeton University in the United States. The academy said the work for which Deaton is now being honoured revolves around three central questions: How do consumers distribute their spending among different goods; how much of society's income is spent and how much is saved; and how do we best measure and analyze welfare and poverty?

Last year, French economist Jean Tirole won the 8 million Swedish kronor (about USD 975,000) award for his research on market power and regulation.

Photo: AFP PHOTO / POOL / ABED OMAR QUSINI

Amidst spiralling violence in the region, India and Palestine on Monday called for a negotiated and peaceful settlement of the Israel-Palestinian conflict based on internationally agreed upon principles which would lead to a united and viable state of Palestine.

Continuing violence between Israeli forces and Palestinians, which has led to hundreds of casualties in the recent weeks, figured prominently in the discussions between Palestinian President Mahmoud Abbas and President Pranab Mukherjee, who arrived in Ramallah Monday on an overnight visit, the first by an Indian Head of State to Palestine.

File photo

Former special prosecutor in the 2008 Malegaon blast case, Rohini Salian has reveaed the name of the National Investigation Agency officer who had asked her to "go soft" on accused in the case. Speaking to news channels before filing an affidavit in the Supreme Court that had the officer's name, Salian said it was NIA Superintendent of Police Suhas Warke who had threatened her. She reiterated her stand that the National Investigation Agency was weakening the case. The affidavit is related to a plea submitted in the Supreme Court by Mumbai resident Dr Sanjay Lakhe Patil who had filed a petition in the High Court seeking contempt action against the NIA.

Photo: ANI

Police lathi-charged BJP supporters as chaos erupted in a BJP rally in Nalanda, Bihar. Bollywood actor Ajay Devgn was to address the rally. But when the rally was cancelled due to security reasons and Devgn didn't get off his helicopter, the crowd turned restless.

As per media reports, Devgn could not even get down from his chopper as the people present at the venue started jostling to get a view of the actor, which then led to a chaotic condition.

Photo: Patrika

Shiv Sena chief Uddhav Thackeray on 13 October, met six workers of his party who have been accused of attacking Sudheendra Kulkarni and smearing his face with black ink.

Reportedly, the meeting took place at Matoshree area in Mumbai. All six workers were arrested by the police on 12 October, after they attacked and threatened Kulkarni because he refused to call off the event in which former Pakistan Minister Mahmud Kasuri's book was to be launched.

The Sena chief felicitated the attackers for what they did. Earlier, the party had compared Kulkarni with terrorist Ajmal Kasab in a column in their mouthpiece Samana.

Six persons have been arrested in the case involving alleged money laundering to the tune of Rs 6000 crore at a branch of Bank of Baroda. Four of the arrests were made by the Enforcement Directorate and two by the Central Bureau of Investigation, sources said.

The men arrested by the CBI are Suresh Kumar Garg, the branch head and Jainis Dubey, the foreign exchange head, of the bank's Ashok Vihar branch, sources said.