Esther Duflo pointed out that it was wrong to assume that giving handouts to the poor made them lazy.

On Tuesday, Abhijit Banerjee became only the second Indian to receive Nobel Prize in Economics.

On December 10, Abhijit Banerjee, Esther Duflo and Michael Cremar will be honoured at the Stockholm Concert Hall, and all eyes are now set on what this year's laureates will be gifting the museum.

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Esther Duflo says fear of migration is often made worse by governments who want to be seen to be doing something about the problem.

Pyush Goyal commented in a dismissive fashion after it was announced that the Sveriges Riksbank Prize in economics set up in memory of Alfred Nobel was awarded to Esther Duflo, husband Abhjit Banerjee, and Michael Kremer.

The number of poor in India has been slashed, says Duflo. 'But that does not mean we should be happy. That is not enough,' she says.

Besides conferring Abhijit Banerjee with Life Membership, Mohun Bagan also handed Nobel laureate the First Day Cover of 1911 and the maroon green jersey with his name written on it

Speaking about the Ayushman Bharat scheme, Banerjee said it was needed since 'healthcare expenses wipe families out', adding, 'we need to find ways so that families don't lose all their assets when somebody falls sick.'

Nobel Laureate Abhijit Banerjee was awarded the Nobel jointly with his wife Esther Duflo and another economist Michael Kremer for "experimental approach to alleviating global poverty".