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Queen confers Knight Commander rank on Ratan TataThe Queen conferred the rank of Knight Commander on former chairman of the Tata group Ratan Tata. Tata has a long association with LSE including the establishment of an academic Department at the School, the Sir Ratan Tata Fellowship, the LSE-TISS collaboration and the Tata International Social Entrepreneurship Scheme (Times of India 10 April 2014)
India's 'Power Women': Can They be PM?Professor Sumantra Bose is quoted in this article on women in Indian politics (New Indian Express 9 April 2014)
Nitish, Modi lauded at EFIL 2014'Bihar chief minister Nitish Kumar and Gujarat chief minister Narendra Modi came in for fulsome praise from speakers at the Economic Forum for India at the London School of Economics on Saturday.' (Hindustan Times March 17 2014)
Abhishek Bachchan moving beyond filmsBollywood actor Abhishek Bachchan, who will be speaking at the Economic Forum for India at LSE on 15 March, was recently announced by Global Network as the first official END7 campaign ambassador in India to help raise awareness of Neglected Tropical Diseases (NTDs). (Mid-Day.com 11 March 2014)
Economic Forum at LSE to discuss ‘emerging superpower’ India'This conference will be held at London’s Grand Connaught Rooms on March 15 during which there will be profound speeches and panel discussions. The conference promises to be an event where some of the brightest and most knowledgeable minds will highlight the challenges and opportunities that India faces.' (Jagran Post 7 March 2014)
Sir Ratan Tata Fellowship 2014-15Now accepting applications: The LSE India Observatory/Asia Research Centre Sir Ratan Tata Fellowship supports scholars in the social sciences with experience of research on South Asia. They should hold a PhD.
Subir Chowdhury Fellowship 2014-15Now accepting applications: The LSE India Observatory/Asia Research Centre Subir Chowdhury Fellowship supports scholars in the social sciences with experience of research on India and/or Bangladesh. Applicants should hold a PhD.
Bagri Fellowship 2014-15Now accepting applications: The Bagri Fellowship supports full-time LSE PhD students only, working on research related to the economy and society of India. Students must be in their thesis writing stage.
Careers in India: Thurs 6 Feb, LG Floor, NAB @ 6pmOn campus careers event open to all LSE students offering the chance to network with a wide variety of Indian companies and multinationals offering opportunities in India and elsewhere. Companies attending include HCL, ICICI, TCS and Tata Communications. Registration required.
Co-director of LSE Asia Research Centre receives Indira Gandhi Priyadarshini Award 2014Dr Ruth Kattumuri has received the Indira Gandhi Priyadarshini Award 2014 for outstanding service, contribution and achievements in the field of education.
LSE listens to Bihar growth storyNicholas Stern, NK Singh, Suhel Seth, Danny Alexander, Karan Bilimoria and Ranjan Mathai participated in a panel discussion on the development model of Bihar at LSE. The discussion covered a wide gambit of development issues (The Telegraph India 23 January 2014)
Bihar's turnaround analysed at LSEThe turnaround in the growth of Bihar was at the centre of a panel discussion at LSE. A new collection of essays edited by NK Singh and Nicholas Stern was launched at the event this week (Economic Times 21 January 2014)
LSE Tata International Social Entrepreneurship SchemeApplications are now open for the Tata ISES internship scheme which offers LSE students the opportunity to do a 2 month social enterprise, CSR, environment or development based project in India.
The New Bihar: Rekindling Governance and Development20th January 2014 Panellists: Mr Daniel Alexander MP, Lord Karan Bilimoria, H.E. Mr Ranjan Mathai and Mr Suhel Seth. Co-Chairs: Mr NK Singh and Professor Lord Nicholas Stern
Top 10 economic and development challenges for India in 2014Ruth Kattumuri highlights some economic challenges that are of priority for India’s development in the new year.
'Aam Aadmi Party's performance is significant, it is not about historic politics'Dr Ruth Kattumuri, who took part in the recently concluded Delhi Economics Conclave, gives a Q&A; interview to Business Standard (Business Standard 13 December 2013)
Professor Lord Nicholas Stern receives awardProfessor Lord Nicholas Stern has won the 2013 Stephen H. Schneider Award for Outstanding Climate Science Communication.
Chidambaram to Inaugurate Delhi Economics ConclaveUnion Finance Minister P. Chidambaram inaugurates the Delhi Economics Conclave. Dr Ruth Kattumuri is participating.
Tata Crucible Campus QuizThe annual Tata Crucible Campus Quiz is back in London and will take place on 24th November 2013. All interested participants are reminded to register by 22nd November 2013 to secure a place.
British Academy-ASEASUK-ECAF Visiting Fellowships 2013-14ASEASUK and The British Academy are pleased to announce funding for fellowships to enable scholars to make research visits to field-centres operated by ECAF.
India's Mars missionDr Ruth Kattumuri discusses India's Mars mission on BBC World News.
The opportunities and challenges for South Asia's young peopleIn a blog post for the British Council, Dr Ruth Kattumuri argues that young South Asians are uniquely positioned to take control of their futures, despite the region’s challenges.
Paradoxes in India’s ‘culture of giving’Recent CR Parekh Fellow Dr Sudeep Basu analyses diasporic giving in northern Gujarat.
The Future of Asian Financial Markets in a Changing WorldTickets are now available for Zhu Min's talk at LSE #LSEIMF
Rural development schemes can also help in adapting to climate changeDr Ruth Kattumuri is quoted in an article in the Times of India to coincide with World Environment Day.
The new world's New Development BankArticle by Nicholas Stern, Joseph E. Stiglitz, Amar Bhattacharya, and Mattia Romani about the intention of the leaders of the BRICS countries to establish a New Development Bank (Prague Post 8 May 2013)
Help India to live in its villages'A visit to some villages near Kolar district, near Bangalore, evidenced positive developments in these rural areas' Article by Dr Ruth Kattumuri (Hindustan Times 28 April 2013).
The empire chalks backArchive news story about Britons studying in India. "The Indian higher education system is insular...We've learnt about other countries through books. In a truly global community, we must have practical interaction. This will come through foreign nationals studying at Indian universities." Dr Ruth Kattumuri in Business Standard (21 September 2005)
Northeast will get warmer as climate changes"Most of the districts in the central and northern parts of North-east region are projected to experience increased drought weeks," said Dr Ruth Kattumuri in an article on climate change in India in The Herald of India (19 April 2013)
Lend-A-Hand India InternshipLend-A-Hand India is offering LSE students a unique internship to work in India and experience the dynamic environment. Login required for LSE CareerHub
India's 12th Five-Year Plan goes HackathonIn an unprecedented impetus to get people across India to engage directly with the 12th plan, a 2‐day Hackathon was organised by the Planning Commission and National Innovation Council. The Asia Research Centre asks you to send your inputs on the 12th Plan with the aim of sending feedback to the Planning Commission.
Inflation must be brought down to 4-6%: SubbaraoSpeaking at LSE RBI Governor Subbarao indicated that "inflation above 6 per cent would demand tightening of the monetary policy stance".
LSE launches major green growth research programme in IndiaExperts from LSE are to work with research partners in Karnataka for green growth in the Indian state of Karnataka. The experts will provide research and policy advice on sustainable and equitable economic growth in the Karnataka State.
LSE to launch major collaborative research programme on gender equality in IndiaLSE is to develop its highly regarded relationship with the Tata Institute of Social Sciences (TISS) in Mumbai to establish a major research programme on gender equality.
LSE announces new India postgraduate scholarshipsLSE has announced 50 new scholarships for postgraduate Indian students. The LSE India Scholarships will enable students from India to study for a Master’s degree at LSE starting in 2013.
Subir Chowdhury FellowshipThe LSE Asia Research Centre is now accepting applications for the Subir Chowdhury Fellowship 2013-14.
Sir Ratan Tata FellowshipThe LSE Asia Research Centre is now accepting applications for the Sir Ratan Tata Fellowship 2013-14.
Register for Focus on India 2013Focus on India is an opportunity for all students to find out more about international careers! Hosted in the New Academic Building on Thursday 7th February 6pm to 8pm, this year we welcome companies including Accenture, Herbert Smith, Tata Consultancy Services and State Bank of India. Open to current LSE students and recent alumni.
Delivery lies in the detail"Chhattisgarh’s new law refers to most food security issues in broad terms and is short on specifics" Dr Ruth Kattumuri's article in the Indian Express (11 February 2013)
Apply for LSE-TISS-Tata Research GrantsThe LSE India Observatory/Asia Research Centre is accepting applications for small grants for India-related research projects, travel grants and workshop related costs. LSE staff and PhD students are invited to send applications.
Apply for LSE and Tata International Social Entrepreneurship SchemeApplications are now open for the Tata ISES scheme which offers LSE students the opportunity to undertake 8 week projects at the Tata Group in India. These projects have either a development, social enterprise, environmental, sustainable or CSR focus and involve a significant research element.
Tata Crucible Campus QuizThe Tata Crucible Campus Quiz is in London on 25th November 2012.
Register by 23rd November 2012 to secure a place.
Lessons from PalanpurMore inequality in an Indian village is balanced by greater mobility.
India Rising: An entrepreneurial revolution?Dr Ruth Kattumuri participates in a discussion with Oliver Balch, Abhik Sen, Robert Wallis, and Shahzeb Jillani at the Frontline Club about the rise of India and where it might be heading.
Is India a broken Bric?What's holding back the Indian economy? Dr Ruth Kattumuri participates in a discussion with Manuela Saragosa, Devendra Chawla and Rajesh Agrawal.
Lord Stern Elected British Academy PresidentThe British Academy has today announced that its next president from July 2013 will be Nicholas Stern, I.G. Patel Professor of Economics and Government.
Job Opportunity: Research AssistantApplications are invited for the post of Research Assistant at the India Observatory, Asia Research Centre. To apply, please go to www.lse.ac.uk/jobs
New blog: India at LSEIndia at LSE is a new blog that seeks to promote India-related research, courses and events at the London School of Economics and Political Science.
India’s low-carbon growth strategyIndianexpress.com (8 June 2012) 'Rich countries must stop lecturing developing countries and accelerate their own efforts to cut emissions.' Professor Kirit Parikh and Professor Lord Nicholas Stern.
Nation pays homage to B.R. Ambedkar on his 121st birth anniversaryIndia pays homage to B. R. Ambedkar, an LSE Alumnus, on the 121st anniversary of his birth.
Global Summit on Changing Bihar 2012 - ProgrammeProfessor Lord Nicholas Stern and Dr Ruth Kattumuri participated in the Global Summit on Changing Bihar.
Indian Actor, Rishi Kapoor, attends Inauguration Ceremony for LSE SU India Week 2012Indian actor Rishi Kapoor, Sanam Arora (LSE Indian Student Society) and Dr Ruth Kattumuri (Co-Director, LSE India Observatory) attended the Press Conference launching LSE SU India Week 2012.
Rishi Kapoor inaugurates India Week at London School of EconomicsNews story from LSESU India Week 2012.
India Week 2012: Legendary actor Rishi Kapoor, to inaugurate week long activities on 20th Feb 2012News story from LSESU India Week 2012.
Praise & tips on Montek lips: Hope for fewer central schemesNews story from the 'Global Summit on Changing Bihar'. Professor Lord Nicholas Stern is quoted.
Keep up high growth rate for 15 yrs: MontekNews story from the 'Global Summit on Changing Bihar'. Professor Lord Nicholas Stern participated in this summit.
Bagri FellowshipThe Bagri Fellowship is now accepting applications. The Fellowship is available only to full-time LSE PhD students researching on South Asia in the Economics and Governance disciplines.
CR Parekh FellowshipThe CR Parekh Fellowship is now accepting applications. The Fellowship is available to scholars with experience researching on India in the social sciences. The Fellowship is for a period of three months.
Aspen India - Avantha International Fellowship 2012Fellowship opportunities offered by Aspen Institute India.
Who's who to attend summit on changing BiharProfessor Lord Nicholas Stern is among the participants attending the three-day Global Summit on Changing Bihar. Other participants include Lord Meghnad Desai, Montek Singh Ahluwalia and Governor D Subbarao.
India, China to top in carbon emissions“A new industrial revolution can only happen with development of new and clean energy sources,” said Professor Lord Nicholas Stern, chair for Centre for Climate Change Economics and Policy and Asia Research Centre, London School of Economics.
The Royal Society for Asian Affairs - Sir Peter Holmes Memorial Award 2012The Royal Society for Asian Affairs invites applications from individuals aged 18-25 for the Sir Peter Holmes Memorial Award 2012. The aim of the award is to encourage purposeful travel in Asia by young people. The closing date for applications is 28th October 2011.
Channel 4 News - India anti-corruption protests are 'new consciousness'Dr Ruth Kattumuri told Channel 4 News: 'Globalisation lost its opportunity ten years ago. There was a debate about whether businesses should give in to corruption and there was a minority who said no; companies went in for their personal profits. One of the reasons the scale of corruption is so massive now is globalisation'.
New Statesman - Letter from Bangalore — Temples to innovationDr Ruth Kattumuri, Co-Director LSE Asia Research Centre and India Observatory, is quoted in an article on India's IT industry in the New Statesman.
Lee unveils plan to establish 'Green Technology Center'South Korean President Lee Myung-bak delivered a speech at the Global Green Growth Summit that opened in Seoul on June 20. Professor Nicholas Stern is a member of the Board of Directors of the Global Green Growth Institute.
First Global Green Growth Summit to open in Seoul todayThe first Global Green Growth Summit 2011 will begin in Seoul on Monday. The two-day summit, timed to mark the one-year anniversary of the launch of the Global Green Growth Institute, will be held under the theme of Building Planet-Responsible Civilization. Professor Nicholas Stern is a member of the Board of Directors of the Global Green Growth Institute.
New LSE fellowship programme provides insight into the ‘quality’ of Asian economiesLSE’s Asia Research Centre has established the ‘Subir Chowdhury Fellowship on Quality and Economics’, a new post-doctoral visiting fellowship programme - the first of its kind in the field of ‘quality and economics’.
Europe must not stitch up IMF role'Sir, you have reported that European countries are trying to stitch up the process of selecting the next managing director of the International Monetary Fund. It would be damaging for Europeans to fix the job among themselves, vote as a bloc and, with a nod from the US, push their candidate into position. Such a deal would be fundamentally misguided and "anachronistic”, as you pointed out.' Letter by Professor Lord Nicholas Stern of LSE.
Look beyond US and Europe for IMF and World Bank leaders'Sir, Your editorial “Picking leaders for the top IMF post” (April 20) takes up the question of whether now is the moment to look beyond Europe and the US for the headship of the International Monetary Fund and World Bank. Now is indeed the time to ask the question and the answer is an emphatic “yes”.'Letter by Professor Lord Nicholas Stern, IG Patel Professor of Economics and Government at LSE.
Time running out to address climate changeDeccan Herald (27 March 2011) There is an urgent need for strong policies to address climate change and for low carbon development path, Lord Nicholas Stern has said.
Richard Samans, ex-aide to Bill Clinton, to lead GGGIThe Global Green Growth Institute (GGGI), a Seoul-based international organization, announced Richard Samans, managing director of the World Economic Forum (WEF), as its new chief. Nicholas Stern and Montek Singh Ahluwalia are board members of GGGI.
Fellowships Now Open For ApplicationsThe C R Parekh, Sir Ratan Tata and Subir Chowdhury Fellowships are now open for applications for the academic year 2011-2012. For full details of each fellowship, please follow the above link.
Job opportunity: Head of Research, BBC World Service Trust IndiaJOB TITLE: Head of Research, BBC World Service Trust India
DURATION: 1 year initially, with a possible extension to a continuing contract
CLOSING DATE: Friday 4th March 2011
Leontief Prize awarded to LSE's Lord SternProfessor Lord Stern has been announced as joint winner of an annual prize awarded for ground-breaking work in economics.
LSE and Tata International Social Entrepreneurship Scheme (ISES)The Tata International Social Entrepreneurship Scheme (ISES) scheme is a unique partnership between Tata and three leading universities, the LSE, the University of Cambridge and UC Berkeley. The ISES scheme here at the LSE is managed and administered by the LSE Careers Service and India Observatory. Applications for the 2011 Tata ISES open on December 2nd and close on 12 February 2011.
'Feasible' way of raising US$100 billion to help developing countries tackle climate changeA new report launched 5 Nov shows that it is feasible for rich countries to raise US$100 billion a year by 2020 to help developing countries tackle climate change, according to one of its authors, Nicholas Stern.
The Hindu : Karnataka / Bangalore News : Need to mitigate global ...Bangalore: The world needs a new industrial revolution, one that entails “decarbonising activity”, said Prof Lord Nicholas Stern, as he launched the Bangalore Climate Change Initiative-Karnataka (BCCI-K) here on Saturday.
Children with Disabilities in Private Inclusive Schools in Mumbai: Experiences and ChallengesWorking Paper: ‘Inclusive education’ policy has been introduced in India, however the concept is in its infancy This qualitative study analyses the case of children with disabilities studying in private inclusive schools of Mumbai.
The Hindu: Education Plus : LSE professor delivers lecture at UoHLord Nicholas Stern, IG Patel Professor & Chair, Asia Research Centre, London School of Economics & Political Science (LSE) delivered a lecture on “50 years of Economic Development in India: Palanpur's Experience” at the University of Hyderabad. Prof Stern presented his case study of a village named Palanpur in Uttar Pradesh, to give a micro overview of the Indian economy as a whole.
‘Creative approach needed to mitigate climate change’Creativity of late R K Narayan and analytical ability of late Sir M Visvesvaraya are the need of the hour to deal with the challenge of global climate change, Prof Nicholas Stern of the London School of Economics and the climate change guru said on Saturday.
Prof Stern in DNA India: 'Laying more tarmac isn’t a solution by itself'Lord Nicholas Stern, who was in Bangalore to participate in the panel discussion on Climate Change Action Plan for Karnataka, offered suggestions to DNA that can be considered by the state to cut down on carbon emissions - directly or indirectly.
The Hindu: In Bangalore TodayDivecha Centre for Climate Change, Indian Institute of Science: Lord Nicholas Stern speaks on ‘Climate change, overcoming poverty and the new industrial revolution' Faculty Hall, Main Administrative Building, Indian Institute of Science, 11.30 a.m.
Nita Ambani - Towards an Indian Renaissance: Building Institutions of ExcellenceMrs Nita Ambani gave the inaugural C+J Modi/Narayanan PhD Fellowship Lecture at the LSE on 15th October 2010. A video of the event is now available
I was not an untouchable then - LSE Arts public poetry reading and discussionA reading of Dalit poetry will be followed by a panel discussion about the potential of the arts as a vehicle of resistance to caste oppression in India. Meena Kandasamy will read from her own collection, Touch, published in 2006 to widespread critical acclaim, and from her forthcoming Ms Militancy. S. Anand will read the work of Namdeo Dhasal and N.D. Rajkumar. The discussion will be chaired by Dr Priyamvada Gopal, Faculty of English, Cambridge University.
UK and India share a thirst for knowledge: Pat McFaddenBritish universities are increasing their collaborations with India by setting up dedicated institutes in the UK. There is now Cambridge University’s Centre for India and Global Business, Imperial College’s Rajiv Gandhi Centre for Innovation and Entrepreneurship, the London School of Economics’ India Observatory and the Oxford University India Business Centre.
RSAA Sir Peter Holmes Memorial AwardThe Royal Society for Asian Affairs is seeking applicants aged 18-25 for an award to encourage purposeful travel in Asia. It consists of up to £1000 in funding and two years' free membership of the Society. The deadline is 31 October 2010.
Nehru Memorial Lecture by Professor Lord SternOn 15 July 2009, Lord Stern gave the 30th Jawaharlal Nehru Memorial Lecture on climate change and India's role in tackling it. Full transcript available. "The defining challenges of our century are overcoming world poverty and managing climate change. We succeed or fail on both together. India is and will be at the heart of both and will play a role of fundamental importance. And in so doing India will become even stronger as a world leader in international economics, politics and governance in the coming decades."
Rethinking regulation of the financial sector: What does this mean for IndiaMukul G Asher: The 2008 global economic crisis is increasingly turning into a social and a political crisis as well. The activities of financial sector institutions and their regulators have been at the centre of the global crisis.
Book Review | India's Economy: Performances and ChallengesIndia is today among the fastest growing countries in the world and it has been a remarkable journey since the reforms process was initiated in the early 1990s. None would disagree that Montek Singh Ahluwalia has played a key role in this growth process. It is in honour of his important contribution to India’s growth story that is highlighted in this volume, which brings together essays by leading experts. One article, by Nicholas Stern and co-authored by Ruth Kattumuri and Nandan Nilekani, stands out for its visionary analysis of the global climate deal. As the authors observe, “if we do not act strongly on climate change, it will undermine development… At the same time, action on climate change cannot be successful unless it promotes development.”
Sir Howard Davies: Too early for a rate hikeSpeaking to NDTV, Sir Howard Davies, director at LSE, gives his view on the global economy, the Greek crisis and its contagion impact, among other things. Its too early for a rate hike, he also said.
Expect steady recovery in western economies - Moneycontrol.com >> CNBC-TV18 >> VideoTwo heavyweights from the United Kingdom were in Mumbai—Howard Davies, Director of London School of Economics (LSE) and formerly head of the Financial Services Authority (FSA), which is UK's super regulator and Nicholas Stern, India professor at the LSE and former World Bank economist.
India's approach to liberalisation correctIn a remarkably humble admission, the head of Britain's financial market regulator said that India, in the last decade, had made the correct decision to be cautious about liberalisation of its financial sector, despite immense pressure from outside. Speaking at the international launch of the former RBI Governor, Mr Y. V. Reddy's new book: India and the Global Financial Crisis: Managing Finance and Money at the London School of Economics, Lord Adair Turner, Chairman of the Financial Services Authority, said that countries such as India had come under immense pressure after the East Asian crisis of 1997, from which the West and organisations such as the International Monetary Fund took the wrong message.
LSE Asia Forum - Beijing 2010 - Video and AudioHighlights include: Howard Davies; His Excellency Mr Yang Jiechi, Foreign Minister of People's Republic of China; His Royal Highness The Duke of York; Liu Mingkang, Chairman, China Banking Regulatory Commission; Professor Odd Arne Westad, Professor of International History, LSE; Professor Lord Nicholas Stern; and many, many more!
Moneycontrol.com Transcript - Explained: How will Greek debt problem unravel?In an interview with CNBC-TV18, Howard Davies, Director of the London School of Economics, Formerly of the Financial Services Authority (FSA), speaks on how Greek debt problem may unravel.
Moneycontrol.com Video - Explained: How will Greek debt problem unravel?In an interview with CNBC-TV18, Howard Davies, Director of the London School of Economics, Formerly of the Financial Services Authority (FSA), speaks on how Greek debt problem may unravel.
Interview with Lord Stern: His views on outcomes at the Copenhagen Summit and Climate ScienceAn interview with Lord Nicholas Stern, Chair of the Grantham Institute for Climate Change and the Environment and IG Patel Professor of Economics and Government at the London School of Economics (LSE), conducted by Fergus Auld, 1st Secretary Climate Change at the British High Commission, New Delhi. In the Interview Lord Stern relates his view on the outcomes of the Copenhagen Climate Change summit and media controversies around climate science and the report of the Intergovernmental Panel on Climate Change. Produced, filmed and Edited by Colin Elves for the British High Commission, New Delhi.
Too Good to FailIndia’s Tata, one of the world’s largest conglomerates, is basing an ambitious global strategy on 142 years of social entrepreneurship: Historically, most of the inner circle of Tata company leaders have been Parsi, and there are many lifelong employees whose modest backgrounds fit naturally with the company’s self-effacing style. “They are extremely modest,” says Ruth Kattumuri, a codirector of the India Observatory at the London School of Economics. “They have sponsored several events for us in India, often without wanting any publicity.” Tata is known for hosting lavish celebrations, but in general it rewards employees less with giant salaries and bonuses and more with a sense of belonging to an elite organization with an impact on the world.
‘Need to continue economic reform’Rajya Sabha member and former revenue secretary N.K. Singh believes that “good politics leads to good economics”. At a panel discussion marking the release of his book Not By Reason Alone: The Politics of Change, hosted by the London School of Economics (LSE) on India’s 60th Republic Day, Singh pointed out the 11.03 per cent growth in Bihar (between 2004-05 and 2008-09) was the result of governance becoming a priority.
India is land of billion opportunities: Experts - Business News - News ...London: Making a strong pitch for economic optimism, speakers at a high-profile event at the elite London School of Economics here said India, "a land of a billion opportunities", had a potential to achieve double digit growth rate. Hosted by LSE's India Observatory, the event included release of Rajya Sabha MP and economist N K Singh's book 'Not by Reason Alone: The Politics of Change' by Shobhana Bhartia, chairman of HT Media, and an engaging panel discussion and interaction with students.
Tax reform in India: Trickle through | The EconomistAn ambitious overhaul of India’s confusing hotch-potch of indirect taxes could give business a boost: TO MANY Indians the tendu leaf is a source of comfort. Hand-picked, dried then dampened, the leaf is rolled into the beedis, or cigarettes, that glow in India’s winter gloom. But the leaf is also a small example of India’s fiscal fragmentation. In the state of Rajasthan and many others, the state government charges a value-added tax (VAT) of just 4% on the leaf, deeming it an essential good. In Uttarakhand, the government charges the standard rate of 12.5%. In Madhya Pradesh, meanwhile, leaf-rollers must pay a hefty 25.3%.