THIS year's Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, popularly known as Nobel prize in Economics, has evoked considerable media and popular interest in India. The reason is one of the three recipients is Abhijit Vinayak Banerjee, an American economist of Indian origin, who had done his graduation from Kolkata's iconic Presidency College (now University) and masters from New Delhi's Jawaharlal Nehru University. After Amartya Sen, this is the second instance of a Presidency College alumni getting this premier international award.