Naira to India for Rs 8,000 crore deal
Nairas deal to be finalized by end of May 2018 article Naimerabad, June 10: A top corporate executive of Indian retail giant Dollar General and former RBI Governor Raghuram Rajan, who was awarded the Nobel Prize in economics last year, has been awarded the top prize in the Indian business sector.
Nairaj Kaur, who joined Dollar General in 2007 and has held several top roles, received the Rs 8 crore (US$2.9 million) prize for her contribution to the Indian economy, the company said in a statement on Wednesday.
The prize, presented to Rajan on Tuesday, will be presented at a ceremony at the Nairabad International Airport in Maharashtra.
“We are very proud of Nairam, who is one of the most distinguished leaders in the field of retail, and who has been able to make an impact in our company,” Rajan said.
“He has made us stronger and more successful.
His contributions are fundamental to the development of our company.”
In his keynote address at the Nobel Laureate’s annual gala ceremony in Stockholm last month, Rajan congratulated Kaur for her achievements and expressed his gratitude to the Nobel Committee for recognising her as a winner.
“I would like to thank the committee for recognises Nairan for the contributions he has made to our company and to the world,” Rajans Nobel Lecture said.
The Indian business elite is a large chunk of the population in the country, with an average of 40% of India’s population living in the capital, New Delhi.
The Nobel Laureates is a one-time award that recognizes the best of India.
The first prize goes to the person who “best exemplifies the power of competition, innovation and solidarity in pursuit of a better and fairer world”.
Kaur said in her address to the gathering that her time as a business executive at Dollar General was not the same as that of her predecessor, former Governor Rakesh Prabhu.
“In my business life, I was not as influential in my own field, but in my field of business, I had a lot of clout and influence.
It is my role as an economist to highlight that,” she said.
Nairam Kaur is an economist, a former RBI governor, and the first woman in the history of the Nobel Institute, which awards the prize.