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Nobel Prize

About Nobel Prize

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What is Nobel Prize?

Nobel Prize is a prestigious prize awarded separately in six different fields “to those who, during the preceding year, have conferred the greatest benefit to humankind”. Originally, the prize was awarded in the fields of Physics, Chemistry, Physiology or Medicine, Literature, and Peace. The Peace Prize was characterised as “to the person who has done the most or best to advance fellowship among nations, the abolition or reduction of standing armies, and the establishment and promotion of peace congresses". Later in 1968, a sixth prize was added in the field of economic sciences. The Prize is officially not a Nobel Prize but it is called as "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". It was established by Sveriges Riksbank (Sweden’s central bank).

How and when the Nobel Prize was established?

Alfred Nobel, a Swedish scientist, signed his last will and testament on 27 November, 1895, giving most of his fortune to prizes in Physics, Chemistry, Physiology or Medicine, Literature and Peace.
 
Nobel was a Swedish chemist, engineer, and industrialist who is most famous for inventing dynamite. He was born in Stockholm, Sweden, on 21 October 1833. He was fluent in many languages and had interests in poetry and drama. It is said that he was very interested in peace-related issues and held views, which were considered radical during his time. He died in 1896. In his will, he gave most of his assets for the establishment of five prizes, which later became Nobel Prizes.
 
The first Nobel Prize was given on 10 December, 1901.
 

Nobel Prize award money

The award winners are also given a sum of money. The award money has increased over the years and currently stands at $1.1 million per prize.
 

 Nobel Prize facts

The prizes have been awarded 603 times, including the Prize in Economic Sciences till February 2021. A total of 962 individuals and 28 organisations have received the award. Some have received the award more than once, which makes it 930 individuals and 25 unique organisations.
 

Nobel Prize to women

A total of 57 women have been honoured with the award since 1901. The first was Marie Curie and she won the award twice, the only woman to have won it more than once.
 

The Nobel Prize insignias

At the ceremony for the Nobel Prize, the Nobel Laureates receive three things - a Nobel diploma, a Nobel Medal and a document confirming the Nobel Prize amount. The medals and the diplomas are created by famous Swedish and Norwegian artists.

Latest Updates on Nobel Prize

Reports claimed that deputy leader of the Nobel Prize Committee Asle Toje endorsed PM Narendra Modi for the coveted prize. But did he really say so? Find out here

Updated On: 16 Mar 2023 | 8:12 PM IST

The extreme information asymmetry in aggregator business is creating market inefficiencies, including breaches of contracts. This makes regulation necessary

Updated On: 14 Jan 2023 | 10:37 AM IST

The Nobel Prize award ceremony was held in the Swedish capital

Updated On: 11 Dec 2022 | 11:25 AM IST

The ambassadors of Russia and Belarus have been excluded from this year's Nobel Prize ceremony in Stockholm because of the war in Ukraine

Updated On: 26 Oct 2022 | 9:55 AM IST

It may be hard to remember a time when the need to protect the workings of the banking system and possible response to a major crisis was as clearly understood

Updated On: 10 Oct 2022 | 11:52 PM IST

Nobel-winning discoveries have direct applications

Updated On: 09 Oct 2022 | 10:53 PM IST

Swedish geneticist Svante Pääbo won the first Nobel of the year, for initiating the field of ancient DNA studies

Updated On: 09 Oct 2022 | 7:18 PM IST

The Dalai Lama congratulated the winners of this year's Nobel Peace Prize and said that by recognizing these awardees, the committee had shone a light on the importance of civil societies

Updated On: 08 Oct 2022 | 4:38 PM IST

Belarusian security police in July 2021 raided offices and homes of lawyers and human rights activists, detaining Bialiatski and others in a new crackdown on opponents of Lukashenko

Updated On: 07 Oct 2022 | 8:26 PM IST

For many years, these laureates promoted the right to criticise power and protect the fundamental rights of citizens

Updated On: 07 Oct 2022 | 6:28 PM IST

There are 343 candidates for Nobel Peace Prize, out of which 251 are individuals and 92 are organisations

Updated On: 07 Oct 2022 | 12:00 AM IST

With this year's Annie Ernaux, Nobel has now 17 women among its 119 literature laureates

Updated On: 06 Oct 2022 | 6:00 PM IST

Ernaux was chosen 'for the courage and clinical acuity with which she uncovers the roots, estrangements and collective restraints of personal memory', the award-giving body

Updated On: 07 Oct 2022 | 3:36 PM IST

Barry Sharpless was awarded the Nobel Prize in Chemistry for his work on "click chemistry", becoming only the fifth person to win the prize for the second time

Updated On: 06 Oct 2022 | 2:47 PM IST

Danish winner Medal described click chemistry as a way to build complex structures and link them as if they were pieces of Lego, the plastic construction toy

Updated On: 05 Oct 2022 | 7:21 PM IST

The click chemistry that won Morten Meldal, Barry Sharpless, and Carolyn Bertozzi this year's Nobel Prize in Chemistry is about making difficult processes easier

Updated On: 05 Oct 2022 | 5:11 PM IST

Carolyn R. Bertozzi, Morten Meldal and K. Barry Sharpless were cited for their work on click chemistry and bioorthogonal reactions

Updated On: 05 Oct 2022 | 4:40 PM IST

The Nobel Peace Prize is awarded to people "who have conferred the greatest benefit to humankind"

Updated On: 05 Oct 2022 | 11:34 PM IST

Winners opened the way to powerful new quantum technologies; findings enabled work on quantum computers, encryption

Updated On: 04 Oct 2022 | 8:19 PM IST

Clauser, Aspect, and Zeilinger have figured in Nobel speculation for more than a decade. In 2010 they won the Wolf Prize in Israel, seen as a possible precursor to the Nobel

Updated On: 04 Oct 2022 | 5:25 PM IST