Category Archives: Congratulations

Congratulations Dr. Bhakta Rath

Congratulations Dr. Bhakta Rath!

The premier materials society, ASM International, has selected Dr. Bhakta B. Rath as the recipient of this year’s “Medal for Advancement of Research”. He is being recognized for his leadership in promoting basic research and advanced exploratory developments in multidisciplinary fields of materials science and engineering which have led to technological innovation for the commercial sector and national security. Dr. Bhakta Ratha is a past president of ASM International.

It is also noteworthy that Dr. Rath has recently founded the “Rath Research Award” at the Colorado School of Mines (Golden, CO) to recognize the Ph. D. or M. S. candidate whose thesis work has the greatest potential to impact U S society and industry. The Award comprises a certificate and cash prize.

(Reportedd by Dr. Prasan Samal)



We congratulate Mr. Binod Bihari Nayak for his recently published (soon to be available in the market) book on “The Synergy of Microfinance.”  From the desk of the publisher:

“The Synergy of Microfinance underlines the significance of innovative financial and risk management tools and non-financial complementary services by microfinance institutions in poverty alleviation. It undertakes a nuanced analysis of financial instruments— microcredit, microsavings, microinsurance, microleasing and payment systems for money transfer— and non-financial services such as social intermediation, livelihood promotion and access to broader market place.

Given the diminished expectations on microcredit impact, the book highlights results from randomized control trial (RCT)-based studies around the world. It argues that exclusive access to microcredit alone may not suffice in alleviating poverty on a mass scale and could pose a financial risk for poor households or households that over-borrow. There is also a discussion on the Andhra Pradesh microfinance crisis of 2010, and the developments that took place in its aftermath. Read on.