Kazuo Ishiguro bags 2017 Nobel Literature Prize

Agencies
October 5, 2017

London, Oct 5: British author Kazuo Ishiguro, best known for his novel The Remains of the Day, won the Nobel Literature Prize on October 5, the Swedish Academy said.

The 62-year-old, "in novels of great emotional force, has uncovered the abyss beneath our illusory sense of connection with the world," the Academy wrote in its citation.

Born in Nagasaki, he moved to Britain with his family when he was five years old, only returning to visit Japan as an adult.

Both his first novel A Pale View of Hills from 1982 and the subsequent one, An Artist of the Floating World from 1986, take place in Nagasaki a few years after World War II.

"The themes Ishiguro is most associated with are already present here: memory, time, and self-delusion," the Academy said.

"This is particularly notable in his most renowned novel, The Remains of the Day," which was turned into a film with Anthony Hopkins acting as the duty-obsessed butler Stevens.

"Ishiguro's writings are marked by a carefully restrained mode of expression, independent of whatever events are taking place," it said.

Apart from his eight books, Mr. Ishiguro has also written scripts for film and television.

‘Flabbergastingly flattering’

Mr. Ishiguro told the BBC winning the 2017 Nobel Prize for Literature was a "magnificent honour" and "flabbergastingly flattering".

"It's a magnificent honour, mainly because it means that I'm in the footsteps of the greatest authors that have lived, so that's a terrific commendation.

"The world is in a very uncertain moment and I would hope all the Nobel prizes would be a force for something positive in the world as it is at the moment," he said.

"I'll be deeply moved if I could in some way be part of some sort of climate this year in contributing to some sort of positive atmosphere at a very uncertain time."

His publisher Faber & Faber said earlier on Twitter: "We're THRILLED Kazuo Ishiguro has won the Nobel Prize!"

Weeks of speculation and buzz about the Academy’s pick for 2017 ended on Thursday, when its permanent secretary Sara Danius announced the winner.

Award for Bob Dylan

The Swedish Academy stunned the world in 2016 when it awarded the Literature Prize to U.S. counter-culture icon and rock star Bob Dylan.

The first singer-songwriter to win the prestigious prize, the rock legend didn’t comment on his Nobel for several weeks and then snubbed the formal prize ceremony in Stockholm.

The Academy is known for its cloak-and-dagger methods to prevent any leaks, resorting to code names for authors and fake book covers when reading in public.

Of the 114 laureates honoured since the prize was first awarded to France's Sully Prudhomme in 1901, only 14 are women.

But the Academy insists it doesn't take gender into consideration, nor nationality, language or genre for that matter.

"The gender balance among those who have received the prize is embarrassing" and the Swedish Academy must be aware of it, Rakel Chukri, the cultural editor of regional daily Sydsvenskan, had told AFP.

Pundits, therefore, tried to dissect the Academy’s latest interests to guess the winner, while punters had a field day on betting sites. On October 4, novelists Haruki Murakami of Japan and Ngugi wa Thiong'o of Kenya had the lowest odds on numerous sites. They were followed by Canada's Margaret Atwood, whose novel The Handmaid's Tale was recently made into a well-received TV series, and Israel’s Amos Oz.

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News Network
January 6,2020

Jan 6: India’s Finance Ministry has delivered a challenge to its revenue collectors: meet tax targets despite $20 billion of corporate tax cuts.

Through a video conference on Dec. 16, officials were exhorted to meet the direct tax mop-up target of 13.4 trillion rupees ($187 billion), a government official told reporters. Collection in the eight months to November grew at 5% from a year earlier, against the desired 17%.

The missive shows Prime Minister Narendra Modi’s urgent need to buoy public finances in a slowing economy where April-November tax collections were half the amount budgeted. Authorities withheld some payments to states and have capped ministries’ expenditure as the fiscal deficit ballooned beyond the target.

The government’s efforts to maintain its deficit goal goes against advice from some quarters, including central bank Governor Shaktikanta Das, who urged more spending to spur economic growth.

It’s uncertain though how much room Modi’s administration has to boost expenditure, given that it may already be borrowing as much as 540 billion rupees through state-run companies, a figure that isn’t reflected on the federal balance sheet. Uncertainty about public finances pushed up sovereign yields in November and December, compelling Das to announce unconventional policies to keep costs in check.

“This is not a time to conceal the fiscal deficit by off-budget borrowing or deferring payments,” said Indira Rajaraman, an economist and a former member of the Reserve Bank of India’s board. “If they were to stick to the target, that would be catastrophic because there is so much pump-priming that is needed right now.”

GDP grew 4.5% in the quarter ended September, the slowest pace in more than six years as both consumption and investments cooled in Asia’s third-largest economy. Only government spending supported the expansion, piling pressure on Modi to keep stimulating.

S&P Global Ratings warned in December it may downgrade India’s sovereign ratings if economic growth doesn’t recover. Government support seems to be waning now, with ministries asked to cap spending in the final quarter of the financial year at 25% of the amount budgeted rather than 33% allowed earlier. This new rule will hamstring sectors including agriculture, aviation and coal, where not even half of annual targets have been disbursed.

As the federal government runs short of money, it’s been delaying payouts to state administrations.

Private hospitals have threatened to suspend cash-less services to government employees over non-payment of dues, while a builder informed the stock exchange about delayed rental payments from no less than the tax office itself.

India is considering a litigation-settlement plan that will allow companies to exit lingering tax disputes by paying a portion of the money demanded by the government, the Economic Times newspaper reported Saturday.

The move will help improve the ease of doing business besides unlocking a part of the almost 8 trillion rupees ($111 billion) caught up in these disputes. The step, which is being considered as part of the annual budget, could also bridge India’s fiscal gap.

Finance Minister Nirmala Sitharaman has refused to comment on the deficit goal before the official budget presentation due Feb. 1.

A deviation from target, if any, “will need to be balanced with a credible consolidation plan further-out,” said Radhika Rao, an economist at DBS Group Holdings Ltd. in Singapore.

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News Network
May 11,2020

New Delhi, May 11: Shares of Indian Railway Catering And Tourism Corporation (IRCTC) jumped 5 per cent in early trade on Monday after the Indian Railways said it will gradually resume passenger train services from May 12.

The company's shares gained 5 per cent to Rs 1,302.85 -- its highest trading permissible limit for the day -- on the BSE. At the National Stock Exchange (NSE), it rose 5 per cent to Rs 1,303.55 -- its upper circuit limit.

Booking for reservation in these trains will start at 4pm on May 11 and will be available only on the IRCTC website.

The Indian Railways will gradually resume passenger train services from May 12 and will ask passengers to arrive at the station at least an hour before departure, the national transporter said on Sunday.

Initially, the all air-conditioned services will begin on 15 Rajdhani routes and the fare would be equivalent to that of the super-fast train, it said.

The special trains will run from New Delhi to Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Thiruvananthapuram, Madgaon, Mumbai Central, Ahmedabad and Jammu Tawi.

All passenger services were suspended due to a lockdown announced on March 25 and the railways later started the on-demand Shramik Specials to ferry migrants stranded across the country. It, however, has been running freight and parcel services.

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Agencies
May 17,2020

Washington, May 17: The overall number of global coronavirus cases has increased to over 4.6 million, while the death toll has surpassed 311,000, according to the Johns Hopkins University.

As of Sunday morning, the total number of cases stood at 4,634,068, while the death toll increased to 311,781, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

The US currently accounts for the world's highest number of cases and deaths at 1,467,796 and 88,754, respectively.

In terms of cases, Russia has the second highest number of infections at 272,043, followed by the UK (241,461), Brazil (233,142), Spain (230,698), Italy (224,760), France (179,630), Germany (175,752), Turkey (148,067) and Iran (118,392), the CSSE figures showed.

Meanwhile, the UK accounted for the second highest COVID-19 deaths worldwide at 34,546.

The other countries with over 10,000 deaths are Italy (31,763), Spain (27,563), France (27,532), and Brazil (15,662).

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