1- Renowned American mathematician and Nobel Laureate John Nash passes away

John Nash

Renowned American mathematician and Nobel laureate John Nash passed away on 24 May 2015. He was 86 and died in a car crash along with his wife Alicia Nash. John Forbes Nash, Jr. was born on June 13, 1928 in West Virginia State of United States.

Work

He was renowned for works in game theory (mathematical study of decision-making), differential geometry and partial differential equations. His theories (especially Nash Equilibrium in game theory) are used in modern computing, economics, evolutionary biology, artificial intelligence, accounting, politics and military theory.

Awards

In 1994, he shared Nobel Memorial Prize in Economic Sciences with game theorists Reinhard Selten and John Harsanyi. In 2015, he was awarded the Abel Prize along with Louis Nirenberg for his work on nonlinear partial differential equations.

Paranoid schizophrenia

In 1959, he got mentally ill and had undergone treatment of Paranoid schizophrenia. Later in 1970s he had recovered form mental illness.

A Beautiful Mind

His breakthroughs in maths and his struggles with schizophrenia were basis for biography A Beautiful Mind written by Sylvia Nasar’s. The biography was later adapted in movie starring Russell Crowe in 2001 with the same name. In 2002, the film had won four Academy Awards (Oscars) for Best Picture, Best Director, Best Adapted Screenplay and Best Supporting Actress.

2- Mumbai Indians defeat Chennai Super Kings to win IPL 2015 for second time

Mumbai Indians (MI) on 24 May 2015 won the eight edition of Indian Premier League (IPL) 2015 by defeating Chennai Super Kings (CSK). In the final match played at Eden Gardens, Kolkata they defeated CSK by 41 runs. CSK had won the toss in final summit had chosen bowl first. MI by batting first had set the target of 202 to their opponent team. However the CSK failed to reach the target score. This is the second IPL title triumph for MI after their maiden win in the season six in 2013.

Brief score: MI 202-5 in 20.0 Overs (Lendl Simmons 68, Rohit Sharma 50, Dwayne Bravo 2-36) beat CSK 161-8 in 20.0 Overs (Dwayne Smith 57, Mitchell McClenaghan 3-25).

Man of the Match:  Rohit Sharma.

Captains of the two teams

Mumbai Indians: Rohit Sharma. Chennai Super Kings: Mahendra Singh Dhoni.

Other highlights of IPL 2015

• Player of the Tournament: Andre Russell (KKR).
• Orange Cap awarded to: David Warner (Sunrisers Hyderabad).
• Purple Cap awarded to: Dwayne Bravo (CSK).
• Emerging Player of the Season: Shreyas Iyer (Delhi Daredevils).
• Most Valuable Player: Andre Russell (KKR).

About Mumbai Indians Mumbai Indians (MI) is owned by India’s biggest conglomerate, Reliance Industries led by Mukesh Ambani through its 100% subsidiary IndiaWin Sports.

Ownership of MI: IndiaWin Sports Pvt Ltd (Stake: 98.3%), Teesta Retail Pvt Ltd. (Stake: 1.7%).

3- Russia enacts law banning undesirable NGOs

President Vladimir Putin

Russian government officially has enacted a law banning undesirable non-governmental organisations (NGOs) in the country. The law came into force after President Vladimir Putin signed the bill in this regard after it was passed by both houses of the Russian parliament. The newly enacted law allows government authorities to Prosecute foreign NGOs or firms designated as undesirable on national security grounds. Individuals working for such NGOs could face up to six years in prison or fines. Barr foreign NGOs employees from the country. Ban Russian citizens or groups that have involvement or are engaged with such undesirable foreign NGOs. The definition of undesirable in this case can be considered as threat to Russia’s defence capabilities or constitutional foundations.

Comments

Supporters of this enacted law consider it as a preventative measure which has become necessary after the wave of Western sanctions put on Russia in place over the Ukraine conflict and annexation of Crimean peninsula. While, western critics think that the law gives powers to Russian authorities to impose the undesirable ban on NGOs without going to court.

4- China sets up largest gold sector fund for nations along ancient Silk Road

China has set up a gold sector fund involving 65 countries along the ancient Silk Road.  It has been set up in China’s northwest Xi’an city during ongoing forum on investment and trade. The fund will be led by Shanghai Gold Exchange (SGE) and is expected to raise 16.1 billion dollars in three phases. It should be noted that it is the largest fund set up by China in the gold sector.

Around 60 countries which fall along the routes of 21st-Century Maritime Silk Road (MSR) and Silk Road Economic Belt have invested in the fund. This fund will facilitate gold purchase for the central banks of member states to increase their holdings of the precious metal. It will be also invested in gold mining in countries along the Silk Road and also to increase exploration in countries such as Afghanistan and Kazakhstan At present, China is the world’s largest gold producer and also a major importer and consumer of gold. But its share in international gold trade is very small and does not have a big say in gold pricing. By setting up this fund China is seeking to increase the influence of its domestic currency Renminbi (RMB) in the international gold pricing by opening the domestic gold market to international investors.

5- Indian boxers clinch 4 gold, 1 silver, 2 bronze medals in Doha Boxing Tournament

Doha Boxing Tournament

Indian boxers have rounded off a brilliant run at the Doha International Tournament by winning four gold, one silver and two bronze medals.

Gold medal winners are

• L Devendro Singh in 49 kg category by defeating Aldren Moreno of Philippines by 3:0.
• Shiva Thapa in 56kg category by defeating HYM Abdelaal of Egypt by 2:1.
• Manish Kaushik in 60 kg category by defeating Rabi Hamza of Morocco by 3:0.
• Manoj Kumar in 64 kg category by defeating Magliquian Nicole of Philippines by 3:0.

The silver medal was won by Gaurav Bidhuri in 52 kg category.

While Mandeep Jangra and Vikas Krishan bagged bronze medals in 69kg and 75kg categories respectively.

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