Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
Nobel Prize winners' cash amount reduced owing to current economic crisis | Nobel Prize organizers have announced a cut in cash amounts to prize winners. The Nobel Foundation blamed the global economic crisis for the move, which will see a 20 percent cut in the prize money, The BBC reports. The
foundation said the returns on its capital had not grown at the same rate as its
costs, and that future winners would receive 1.1 million dollars (£700,000). The
money that prize winners are awarded was donated by chemist Alfred Nobel in his
will. The Nobel Foundation, which is based Stockholm , said it would also cut
administration and celebration expenses this year.
|
|
|
|
|
|