<h1>Cornell Professor Receives RBI's First Prof. K. N. Raj Fellowship for Research on Informality at Centre for Development Studies.</h1> The Reserve Bank of India awarded the inaugural Prof. K. N. Raj Memorial National Fellowship to a professor from Cornell University. This fellowship allows the recipient to conduct research on informality, covering its causes, consequences, and policy responses, at the Centre for Development Studies in Thiruvananthapuram. Established in 2012-13, the fellowship honors Prof. K. N. Raj's contributions to economic research and policy. It is granted to distinguished social science scholars from India or abroad for short-term research at an Indian academic institution.