Nobel economics prize goes to professor for advancing understanding of women's labour market outcome
Stockholm (AP): The Nobel economics prize was awarded Monday to Claudia Goldin, a professor at Harvard University, for advancing the understanding of of the gender gap in the labor market.
Goldin is only the third woman to win the prize, which was announced by Hans Ellegren, secretary-general of the Royal Swedish Academy of Sciences, in Stockholm.
"Understanding women's role in the labor market is important for society. Thanks to Claudia Goldin's groundbreaking research, we now know much more about the underlying factors and which barriers may need to be addressed in the future," said Jakob Svensson, chair of the Committee for the Prize in Economic Sciences.
Goldin does not offer solutions, but her research allows policymakers to tackle the entrenched problem, said Randi Hjalmarsson, a member of the prize committee.
"She explains the source of the gap, and how it's changed over time and how it varies with the stage of development. And therefore, there is no single policy," Hjalmarsson said.
"So it's a complicated policy question because if you don't know the underlying reason, a certain policy won't work."
However, "by finally understanding the problem and calling it by the right name, we will be able to pave a better out forward," said Hjalmarsson, who added that Goldin's discoveries have "vast societal implications."
Of receiving the award, Goldin, 77, "was surprised and very, very glad," Ellegren said.
It follows the awards in medicine, physics, chemistry, literature and peace that were announced last week.
The economics award was created in 1968 by Sweden's central bank and is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
Last year's winners were former Federal Reserve Chair Ben Bernanke, Douglas W. Diamond and Philip Dybvig for their research into bank failures that helped shape America's aggressive response to the 2007-2008 financial crisis.
Only two of the 92 economics laureates honored have been women.
A week ago, Hungarian-American Katalin Karik and American Drew Weissman won the Nobel Prize in medicine.
The physics prize went Tuesday to French-Swedish physicist Anne L'Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz.
US scientists Moungi Bawendi, Louis Brus and Alexei Ekimov won the chemistry prize on Wednesday.
They were followed by Norwegian writer Jon Fosse, who was awarded the prize for literature. And on Friday, jailed Iranian activist Narges Mohammadi won the peace prize.
The prizes are handed out at awards ceremonies in December in Oslo and Stockholm.
They carry a cash award of 11 million Swedish kronor (about USD 1 million). Winners also receive an 18-carat gold medal and diploma. (AP)
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Minister Patil chairs industry meetings to chart growth for key sectors in Karnataka
Bengaluru (PTI): Karnataka Minister M B Patil on Tuesday chaired meetings with industry representatives from the aerospace and defence, machine tools, auto/EV, and green energy sectors to discuss sector growth and government support measures.
The meetings were attended by leading industrialists and their representatives, with some participating virtually.
Speaking on the occasion, the minister for Large and Medium Industries said Karnataka is at the forefront of the country’s aerospace and defence sectors.
He noted that Suzuki and Toyota plan to launch aerial taxi services in Japan by 2028, with Bengaluru-based Sasmos supplying electrical equipment for the project.
Industrialists suggested introducing similar “fly-taxi” services in Karnataka through an appropriate policy, which Patil said would be examined seriously.
The minister highlighted the need to establish testing centres and Common Facility Centres for the aerospace and defence industries and assured that these facilities would be provided.
Suggestions were also made to prepare a comprehensive roadmap for sector growth.
Karnataka has urged the Central Government to approve Defence Corridor projects in the Bengaluru North–Kolar–Chikkaballapur and Dharawada–Vijayapura–Belagavi regions.
Industrialists also suggested a corridor between Bengaluru and Mysuru, Patil said.
He said Karnataka aims to become a hub for defence electronics manufacturing, with plans to establish a 200-acre Defence Electronics Park and a 100-acre Avionics and Sensor Park.
These projects will be implemented once the Special Investment Region is operational, and land availability will not be an issue.
On the machine tools sector, Patil said the industry has recorded an annual turnover of Rs 36,500 crore and is witnessing steady growth.
Large-scale exhibitions have increased demand, and the state must strengthen its capabilities to develop control systems for heavy machinery. One testing unit is already operational in Bengaluru, with another planned for Tumakuru. Expansion of vocational training institutes in industrial areas is also underway.
In the Auto and EV sector, Vision Group members highlighted the need for a network of dry ports and more EV charging stations across the state.
Patil noted that the Tata Group is manufacturing EV buses in Dharawada for nationwide supply. Plans for mini excavator production and export facilitation were also discussed, along with the establishment of a testing facility for two-wheeler EVs.
For the Green Energy sector, the group emphasised the need for a suitable policy on battery-based energy storage and the establishment of data centres.
Patil assured that the government will seriously consider all suggestions and respond positively.
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