Once again students from the School of Business & Economics MBA programme will be taking up the challenge of competing in the 2008 Cranfield Regatta, an international sailing event which is designed to allow MBA students and alumni from all over Europe to meet their counterparts from other business schools. The regatta will take place around Port Solent and Cowes on the last weekend in July and Exeter’s eight-strong crew are working hard in the hope of a high placing for the University. The crew is made up of part-time and full-time MBA students and alumni who have a broad range of sailing skills and experience but are dedicated to doing their best for Exeter. This year’s crew consists of current students Nadia Nikolova, Simon Baird, Nagyb Shah, Stuart Harris, Richard Dawson and alumni Jonny Malcolm, Mark Roberts and Wade Tipton. The race will consist of four head to head races with the various business school teams taking part. The team has is being sponsored by Vospers South West Motor Dealership, Jam Creative, The Birmingham Assay Office and House of Marbles.

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State governments still harbouring a legacy of the control and licence raj will have some tough questions to answer now.

The Competition Commission of India (CCI) is set to scrutinise the liquor and passenger transport polices of state governments to see if there are any practices that blunt free market competition.

Sources told ET, the commission is also looking at sectors such as pharmaceuticals, telecom, transport in western India, retail food and food grains for anti-competition practices.

Vijay Kelkar, advisor to former FM Jaswant Singh, has been appointed to oversee this analyses outsourced to professional institutes like the Delhi School of Economics and the Indian Institute of Management, Bangalore.

The commission, empowered to penalise a corporate or government body for anti-competition practices, will, however, restrict its action to ‘competition advocacy’ till it gets fully operational. At present, the commission is not adjudicating any matter as the issue of appointing a chairman is entangled in litigation at the Supreme Court.

“Many state governments exercise strict controls on liquor and passenger transport business through permits, while controls remain minimum for setting up bigger industries. We are going to look into such practices adversely impacting competition,” said sources.

The challenge now facing the commission is to get fully operational. The appointment of a chairman has been embroiled in a tussle between the executive and the judiciary.

While the government believes adjudication in cases involving complex economic analyses requires an economics expert, the judiciary feels arbitration in such matters is its domain.

The commission in the meanwhile is doing preparatory work. Sources said CCI is also contemplating to establish a ‘Centre for Competition Law and Policy’.

It has set up taskforces in areas like competition advocacy, predatory pricing and determination of costs and research projects.

Do you have a knack for figures? Does the rise and fall of the sensitive index excite you? Would you like to have a say in the country’s future? Check out the wide range of options open to a qualified economist. A report by Debojyoti Ghosh and Rupa Ganguly Economics is the art of trying to satisfy infinite needs with limited resources.

-Albert Camus CONSIDERED a rich subject, the study of economics covers a vast field and requires an analytical brain to grasp its nuances. It is a branch of social science that deals with production, distribution and consumption of goods and services and their management. The subject deals with the process of satisfying unlimited human wants with limited resources. Therefore, in essence, economics is about making choices. It’s about guiding men and society to make the right choice, and manage to live within their means.

What it entails Economists study the production, distribution and consumption of goods and services. Their work mainly has to do with analysing data and practical applications of economic policy in a particular area. Economists use mathematical models to develop programmes, predicting the nature and length of business cycles, the effects of inflation on the economy, or unemployment.

Assessment of economic conditions nationally and internationally to estimate the economic effects of specific changes in legislation or public policy is also a part of their job. The primary task of economists, however, is to predict the probable consequences of a course of action or policy decision. They may work as advisors with different kinds of employers Begin early Economics could be studied in school, as a sixth subject in ICSE and an additional subject in Madhyamik. It could be taken up as a regular subject at the plus two level. However, if you want to major in economics at the graduation level, you just have to pass 10+2 in any stream. To get a postgraduate degree in the subject, you should have a graduate degree in economics.

Options abroad The London School of Economics is known the world over as a premiere institute in the field and runs all sorts of courses. A wide variety of funding options is available for overseas students. The LSE itself gives awards to the tune of 1.4 million pounds. There are a number of awards covering teaching and living expenses. Two of these scholarships are given to undergraduate students on the basis of exceptional performance. The third goes to a student who has completed his degree as an external student. Several other schemes, such as the Overseas Research Students (ORS) awards, the Commonwealth Scholarship and Fellowship Plan, the Rotary Foundation Scholarships, UNESCO fellowships, the Department for International Development Shared Scholarship Scheme (DIDSSS) etc. are also available. The Indian friends of LSE offer scholarships to Indian students. Teaching expenses could be covered by awards from the Foreign and Commonwealth Office, while the Indian friends support the living costs.

It will make wonders, but the fact is that tuition at the University of Delhi (DU) remained the same for over six decades.

“Each day, students pay R 30 for a cup of coffee and R 10 for cars, parking. But the monthly charges remained in the studies R 15 and R 18 for Undergraduate and Graduate Programs, and since 1938,” said Vice-Chancellor Deepak Nayyar YOU.

“How long lunch is also available?” he asked. Nayyar standpoint, it is a necessity for the university, their fee structure.

Several students have said they are not just the idea of a tax hike. Given the general increase in income and standard of living, English (Honours), the first year student at St. Stephen’s, Sushmit Sarkar, that higher education was made “at affordable prices” today.

“The university lean costs appear in the report on the” obscenely high fees, some private schools and institutions of the loading operation. Those who can not afford more money for higher education, “he said.

Bemerkte Anjalli Ravi Kumar, a second-year MBA student at the Faculty of Economics of the company: “There is no doubt that we pay much less than what we are able, are willing to pay” . To say that the tuition increases is a step in the right direction, but she stressed that the University must be sensitive to students from lower layers during economic structure of the new taxes.

With the consistent view, Tripti Parule a final-year student in journalism at Kalindi College, said: “We should not lose sight of the fundamental principle of education for all”. “She suggested that the new fee structure is divided into categories based on different income groups.” The section should be financially weak surrender of fees monitoring of subsidies on other weaknesses in the economic hierarchy, “said Parule.

While supporting the idea of a concession for the most weak, the dean of students’ welfare, YOU, Hema Raghavan warned that “things on a silver platter should not lead to assess” . She explains: “In addition to subsidies, we are introducing innovations” Earn while-you-learning “for the disadvantaged section, they can target employees within the university or institution for the plaintiffs’ employment, as a reserve audit in libraries,… In this way, they are aware of the value of grants them. ”

However, there is a section of the community of students - and an influential political in one - to resist any form of movements in the direction of increased fees. The Delhi University Students’ Union (DUSU) would protest against such an approach, “said DUSU President Nakul Bhardwaj. “Almost 70% of students come from lower-middle class families and even a minimum increase of costs, they can have effects,” he said.

Recognizing that the tax revision “can not be dictated by ‘, but by reflection, consultation and consensus,” Nayyar said: “We must ensure that those who can not afford, not only do not pay, but receive full fees - Liberation. ”

He added: “Universities are now functioning serious resource crunch.Higher education should be financed by the government. Universities should be completed by this attempt at mobilization of resources. “

How does the sight of young people from the general budget? For most students, it is more als”nur another Gimmick”policy.

Nishat Ahmed Said, a second year English (Honours) from the Hindu College Student:”The budget, like any policy announcement should not be at their nominal value. It takes time to translate political commitments into action essential. The annual budget for me is just a more political turn.”

A BA (PASS) students graduating Kirori times College, Anil Sharma, felt that students are not generally against the effects of the budget. ”Most students do not deserve that we are not affected by higher taxes,”he said.

While some students have expressly some interest in the budget, also confessed that curiosity was more academic. Harman Dhillon, a final year MBA student at the Faculty of Economics (FMS), said:”as a management student, I see a glimpse of the potential impact that perhaps on businesses and consumers. “

Disclosure of students private Business Schools (B schools) are available in Delhi high content packages amounting to Rs7 lakh per annum, which is better than that proposed, Indian Institute of Management (IIM) students. The Indian Institute of Foreign Trade, 94 students were the lot 2005, compensation of Rs7.28 lakh per annum, on average, compared to Rs6.28 lakh per annum during the year 2004. On Amity Business School, 153 students from over 167 to 2005 lots were offered by RS4 lakh on the campus of parameters and the highest bid is Rs7 lakh per annum. Out of 95 students, transfer of management of Birla Institute of Technology in 2005, 87 have already been placed wages are 70 percent higher than in 2004. Campus investment in the exercise of the Faculty of Economics, University of Delhi, has not yet begun.

A few foreign students who chose to study in Kerala reveal what their experience here has been so far — a mixed bag, with some surprises thrown in.

For Pierre, Tania and Maurice from Europe, who are pursuing courses at the Cochin University of Science and Technology, Kochi, the Kerala experience is a wonderful one. They find the warmth of the people quite endearing.

Having come from a different cultural background, they enjoy familiarising themselves with Indian ways, and getting to know how people behave.

“Everybody is interested in each other. It is very different from the individualistic life back home”, says Maurice Scheepens from the Netherlands, who is in Kochi to do research work in the Department of Applied Economics.

People are genuinely helpful here, says Maurice, who is attached to Tilburg University and has done his postgraduate programme in Policy and Organisation. He came to Kochi only two weeks ago, but he has been able to go about his work in and around the city on his own. “People at the bus stops help me get into the right bus”, he says.

They generally want to know whether everything is all right, he says. “There is no lasting relationship back home”, he adds.

Tania Ghandouri, from France, says: “All my classmates have been very helpful.”

Maurice enjoys the spicy food here. “Until I came here, I have had my food only with salt and pepper.” Charmed by the greenery around, most of the students, who have travelled to many parts of the world, feel that Kerala is the most developed State compared to the rest of India.

The influence of tradition on society is very strong, says Pierre Reman from France. Cultures are different in most parts of the world, but “India is another world,” says Tania. “I never expected it to be so green,” she says.

And it took her some time to get used to spicy food. Tania and Pierre have been here since July; they will complete their term in another three months.

They are looking forward to picking up a placement in any country. They say that they would prefer to work outside France. Unlike management students, Maurice wants to take up work in a voluntary organisation involved in development work.

Pierre, whose father is from Gujarat, had been to Rajasthan and had expected Kerala to be an extension of Rajasthan. But Kerala was a pleasant surprise, he says.

Tania and Pierre are here on an exchange programme of the School of Management Studies with the Sup de Co (High Business School), Montpellier University, South of France. Their business school programme involves one-year internship in a country outside France. Both of them had earlier gone to different South American countries.

Business studies is international, but the methods of teaching are different, says Tania. “Here, the teacher occupies a high seat and commands the respect of all. Here, he is a master, but back there, the teacher is a seller of education”, she said.

Delivering a lecture on “Leadership and values in a turbulent world ‘, the dean of the Harvard Business School, said:” As for the horse on the crest of the wave current economic, business and other leaders an important opportunity for the ethical aspects of sound for the whole country. “The conference was recently in the capital, in partnership with the Faculty of Economics, Business and the American Chamber of Commerce in India (AMACHAM).

Clark spoke about the importance of the values of leadership in a turbulent world today, where he said that managers are crucial to the future success of India. “Given that the USA and other countries of the world look to strengthen economic ties with India in many parts of interested partners overseas to ask” how to be efficient and transparent in our interactions and operations? “Clark.

“They with India a long and strong tradition of political and opinion leaders, spoke and lived values and ethics. Le Monde sees as Mahatma Gandhi perhaps one of the greatest leaders Ethical this time, “said Clark.

In this course, he has focused on the challenge that the leaders of achieving effective integration of values and act in the workplace, in their communities and their families. The event was chaired by the Dean of the SGF, United Kingdom and Sunil Bhalla Mehta, president AMACHAM India.

Go to MIT path of HRD, the Ministry Indian Institute of Technology (IITS). They were invited to broaden the base, without even the limitation to the design engineer neither.

The HRD ministry has IITS the introduction of courses in economics and functioning of the economy, in addition to strengthening and diversifying existing programmes in linguistics and pure science.

The move was the greatest care that after a few hundred students, good grades in the JEE

Go WITH path of HRD, the Ministry Indian Institute of Technology (IITS). They were invited to broaden the base, without even the limitation to the design engineer neither.

This would involve the introduction of courses in economics and business management, in addition to strengthening and diversifying existing programmes in linguistics and pure science