current affairs (14-10-13)

Walsh to be Indian men’s hockey coach

Australian Terry Walsh is set to be appointed as head coach of the Indian men’s hockey team after the Sports Authority of India recommended his name to the Sports Ministry.

SAI Director General Jiji Thomson told PTI here on Monday that Walsh’s name has been forwarded to the Sports Ministry and his appointment will be cleared in a week’s time.

Thomson said the SAI has recommended a monthly salary of Australian dollar 12,000 for Walsh, who was part of Australia’s silver-winning team in 1976 Montreal Olympics.

‘Young Turk’ Mohan Dharia dies at 89

Former union minister and deputy chairman of Planning Commission Mohan Dharia passed away in a private hospital here following prolonged illness, a family friend said on Monday.

He was 89 and is survived by his wife Shashikala, sons Sushil and Ravindra and daughter Sadhana Shroff.

Mr. Dharia was admitted to the Pune Hospital in Sadashivpeth for treatment of a kidney ailment last Saturday, but failed to recover.

Three Americans win Economics Nobel

Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel prize for economics on Monday for developing new methods to study trends in asset markets.

The Royal Swedish Academy of Sciences said the three had laid the foundation of the current understanding of asset prices.

While it’s hard to predict whether stock or bond prices will go up or down in the short term, it’s possible to foresee movements over periods of three years or longer, the academy said.

“These findings, which might seem surprising and contradictory, were made and analyzed by this year’s laureates,” the academy said.

Fama, 74, and Hansen, 60, are associated with the University of Chicago. Shiller, 67, is a professor at Yale University.

American researchers have dominated the economics awards in recent years; the last time there was no American among the winners was in 1999.

The Nobel committees have now announced all six of the annual $1.2 million awards for 2013.

The economics award is not a Nobel Prize in the same sense as the medicine, chemistry, physics, literature and peace prizes, which were created by Swedish industrialist Alfred Nobel in 1895. Sweden’s central bank added the economics prize in 1968 as a memorial to Nobel.