Stuart Milne is new CEO of HSBC India

Mr Stuart Milne has been appointed Chief Executive Officer of HSBC India, effective April 1, 2012.

Mr Milne succeeds Mr Stuart A. Davis who, after three years in the role, will be moving to a new post within the organisation.

Mr Milne joined HSBC in 1981 in the UK. Most recently, Mr Milne has been Country Manager of Japan since 2007, where he served as President and Chief Executive Officer of Hongkong and Shanghai Banking Corporation Ltd, Chairman of HSBC Securities (Japan) Ltd and Chairman of HSBC Global Asset Management (Japan) K.K.

Mr Milne is British and graduated with Honours in Modern Arabic Studies from the University of Durham, England.

Malegam re-appointed on RBI board

The Government has appointed two more members — Mr Y.H. Malegam and Prof. M.V. Rajeev Gowda — on the Central Board of Directors of the Reserve Bank of India. While Mr Malegam, who is also the Chairman of the National Advisory Committee on Accounting Standards, has been re-appointed from October 7, Prof. Gowda, who is Professor of Economics and Social Sciences, IIM-Bangalore, has been appointed from October 17.

Nobel Prize Winners in Economics

 

 

Introduced in 1967 but first prize was given in 1969. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded 43 times to 69 Laureates between 1969 and 2011.

Why are the individuals awarded a Prize in Economic Sciences called Laureates?
The word "Laureate" refers to being signified by the laurel wreath.

In Greek mythology, the god Apollo is represented wearing a laurel wreath on his head. A laurel wreath is a circular crown made of branches and leaves of the bay laurel (In latin: Laurus nobilis). In ancient Greek laurel wreaths were awarded to victors as a sign of honour - both in athletic competitions and in poetic meets.

Year	Winner	Field
1969	Ragnar Frish Joan Tinbergen	Dynamic Econometric Model of Growth
1970	Paul Samuelson	Contribution in Economic Analysis
1971	Simon Kuznets	Modern Economic Growth Analysis
1972	Kenneth Arrow John Hicko	General Equilibrium and Welfare Economics
1973	W.W. Leontief	Input-Outpur Model
1974	Gunnar Myrdal F. Von Hayek	Contribution in Growth Economics
1975	Tjalling Koopmans Leonid Kontarovich	Optimum Resource Allocation
1976	Milton Friedman	Monetary History and Consumption Analysis
1977	James Meade Bertel Ohlin	Internation Trade and Capital Flow
1978	Herbert Simon	Decision Process in Organisations
1979	T. Shultz Arthur Lewis	Economic Growth in Backward Nations
1980	Corienz Klein	Model Related to Eonomic Fluctuation
1981	James Tobin	Analysis of World Financial Market
1982	George Stigler	Public Regulation
1983	Gerald Debrew	Modification in General Equilibrium Analysis
1984	Richard Stone	National Income Accounting System
1985	Franco Modigliani	Financial Market and Saving Analysis
1986	James Boochanan	Economic and Political Decision Making
1987	Robert T. Solow	Economic Growth Model
1988	Moris Allies	Optimum Utilisation of Resources
1989	H. Trigway	Use of Probability Theory in Economics
1990	Harry Marco Vitz William Sharp M. Miller	Portfolio Choice Principle, Capital Asset Pricing Model and Principle of Corporate Finance
1991	Ronald Coase	Transaction Costs and Property Rights
1992	Gerry Backer	Micro Economic Analysis of Human Behaviour
1993	Robert Fogal Douglas North	Quantitative Methods in Economic History
1994	Joah Harsanyee John Nash, R. Selton	Theory of non-operative games
1995	Robert Lucas	Development of Rational Expectations Theory
1996	James Mirillis William Vickrey	Incentive Structures Analysis
1997	Robert C. Merton M. S. Scollas	Derivative and Stock Operations
1998	Amartya Sen	Welfare Economics
1999	Robert Mundell	Analysis of Monetary and Financial Policy in Exchange Rate System
2000	James Heckman Daniel Macfaddan	For developing solution to solve decision making problem
2001	George A. Akerlof A. Michael Spence Joseph E. Stiglitz	Developing theories about financial markets that can be applied to both developing and advanced countries
2002	Daniel Kahnemann Vernon L. Smith	Human Judgment and Decision Making under Uncertainity
2003	Robert Engle Clive Granger	Methods analysing economic time series with time-varying volatility and common trend
2004	Finn Kydland Edward Prescott	Banks and explaining business cycles
2005	Thomas C. Schelling Robert J. Aumann	Game Theory Analysis
2006	Admund Phelps	International Trade-off between inflation and unemployment
2007	Leonid,Hurwicz, Eric Maskin, Roger Myerson	Mechanism Design Theory
2008	Paul Krugman	New Trade Analysis Theory
2009	Elinor Ostrom Oliver E. Williamson	Analysis of economic governance, especially the boundaries of the firm
2010	Peter A. Diamond Dale T. Mortensen Christopher A. Pissarides	Analysis of markets with search frictions
2011	Thomas J. Sargent Christopher A. Sims	Empirical research on cause and effect in the macroeconomy

R. Sridhar elected FIDC Chairman

The Finance Industry Development Council, a self-regulatory organisation for NBFC-AFCs, has a new Chairman in Mr R. Sridhar, who is currently Managing Director of Shriram Transport Finance Company Ltd. He was elected as FIDC Chairman for period of two years at a meeting of the Council held in Mumbai. Mr Sridhar is a fellow member of the Institute of Chartered Accountants of India .