16 April 2013 Current Affairs
Raj Chetty won John Bates Clark young economist award
Delhi-born Raj Chetty, the professor in the Department of Economy at the Harvard University won John Bates Clark medal for 2013, also called Baby Nobel.John Bates Clark medal is conferred upon the American economist whose age is below 40 years and the one who has made crucial contribution to economic knowledge and thought.Baby Nobel is one of the most prestigious awards of economy. Infact, it is second only after Nobel Prize in economic science.Raj Chetty, 33, is the first Indian-origin person to win this high honour. His areas of work include social insurance, tax policy as well as education policy.
IMF slashed Economic Growth Rate of India to 5.7 percent from 5.9 percent for 2013
IMF(International Monetary Fund) in its latest release on 16 April 2013 of the World Economic Outlook (WEO) slashed the growth projection of India from its earlier prediction of 5.9 percent to 5.7 percent for the calendar year 2013.
Sunil Kumar Takes over as Managing Director of CRIS
On 16 April 2013,Sunil Kumar took over as the Managing Director of Centre for Railway Information Systems (CRIS).
Earthquake of Magnitude 7.8 Jolted Iran and Pakistan
Earthquake that measured 7.8 on the Richter scale struck on 16 April 2013 in Iran killed more than 40 people leaving behind several injured. Epicenter of the quake was near Pakistan-Iran Border in the south-eastern city of Khash. The tremors of the quake were felt across India, Middle East and Pakistan.