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Tribute – M V Murugappan GNS - 100: our first subscriber TIAM turns a full cycle The sea- saw battle continues... Tax agriculture Should we change the official year? Tribute – UCAL Selvan… IAS invades NDDB... When TN politicians can emulate Kerala's The power-full Hindujas The nuclear option Limit foreign borrowings to hi-tech, export potential projects... Shaming of Tamils by Tamil farmers at Delhi SoA @ 80 The Ports’ Pasha expands into Tamil Nadu For whom the bell tolls? Air Asia India will set new benchmarks for budget travel Shale gas and its shallow future Sweet news for TN sugar mills S Ramanathan – a versatile musician, musicologist B H Kothari - a tribute Robber barons everywhere Road development slows down Breaththrough in malaria control A friendly business group The brown list of Venkitaramanan TGS- The king storyteller Kudos to NDTV... Tatas moving out of urea production... Solar, solar everywhere … Engineering seats go abegging All eyes on Sankara Nethralaya Where is Rajaji? Permanent secretariat for TN GIM The Jan Dhan bonanza No engine for this car Funding the un-funded Fortune 500 review Liberal imports idling indigenous capacities Focus on quality of power - its only around 170-180V Godspeed, Chief Minister JJ A professional at the helm of IRDA... IPL - no surprise this scam Remembering Indira Sivasailam... Whistle-Stop Tour of Raghuram Rajan Haul over the coal Maximising the micro pricing … Infrastructure funding – lessons learnt Align crops to agro climate endowments… Where a state respects its litterateurs… A proud Madrasi Why this malaise in medical education? Wanted: a second airport for Chennai Tihar, Puzhal not different from Parappana Agrahara New IT products of Ramco in the pipeline… Fall in crude prices help in oil sector reform Building loyalty through the stomach Auto components surge… This scant respect for Law Which side are you, Montek? L&T- the specialty of special purpose vehicles Marketing expert Balagopal is no more Shanti and Sadhana through Music Cutting the nose to spite the face Mersal magnified Don’t seem to feel the pulse… Banning booze... Making ‘my Amaravati’... Return to king coal for urea... Editor's Says Preserving for the future Tribute – Manikam Ramaswami When Ratan Tata visited SRM Alexa – Talking Wikipedia ONGC at KG Basin WTO Meet: resolved to meet again Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Readers' Mail For whom the MIDS bell tolls? Adharma of opposition politics CSR and CMI: promise of another Srinivasan Ramanujan... Demise of a media baron... Solar thermal shines… Pharma – overdose of copying When nations steal growth from one another… R Sridhar steps down as CEO of Shriram Capital Welcome GST Waning interest in public discussions… Rahman at CIC Medical costs hit the roof... Kulandai was a giant An inexplicable neglect Delhi returns to BJP When online building permits work…. He continues the focus on social amelioration More heat than light When the President was rendered homeless… Cleaning Ganga – relocate tanneries and install electric crematoria Tatas moving out of urea production... Recognition to role of NBFCs.... Naidu’s return augurs well for Seemandhra Inflation: are we emulating Argentina and Brazil? Protest masters... Like Hinduism: many paths to reach God... Paytm karo... Editor's Notes Roaring Ro-Ro facility Music happens A yen for wastage… Diamond jubilee of Egmore Samskrt School Airlines in India: cost and space Telangana in top gear… The ‘Jayanthi Tax.’ EEC at the National Media Centre Delhi Chalo... The rise and rise of KCP No Maha Koottani in TN... The Swadeshi Trump Secularism and anti-Hinduism Online not in line with brick and mortar businesses... An informal presentation - analytical, forward locking... Towards speedy justice Gay abandon in pricing Fortune for Indian Airlines More Shakthi to Das’ elbow Padma Bhushan for A Ramakrishna A Grand Finale for SN’s MS centenary at the US… There was flood of milk. Reason: no milk commissioner! Dr C Rangarajan returns to Chennai The few handicaps... Not just in-laws (and outlaws); they’ve renowned academics at the helm! Come elections, come advertisements... Vibrant Gujarat A Grand Finale for SN’s MS centenary at the US… Five star activism stalls development activity Revive development banks... Small units prefers to remain small... The why of tax incentives Delhi is distant… West Bengal: mindless malignancy A think tank for Chennai Eternal support for capitalisation of PS banks Increasing non co-operation of state leaders Contrarian cousins A more liberated TN… The rise and fall of Annamalai University Discoms deserve better… L&T: focus on infrastructure and more infrastructure… Insurance companies bleeding, yet no decision on increasing FDI limit! Tough task taking states together TN accounts for the largest recruits by the IT sector Moily’s bold thrust Colour-Chem’s colourful KRVS Quality education through the PPP mode Gas is the way forward Plummeting profits of PSBs EVM is tamper-proof PPP mode for upgrading Corporation Hospitals Put expensive assets created to use... The ‘Ayyo-yes’ is no more Quality silica from Neyveli Welcome focus on core competence Russi Mody – a tribute The balancing act Noble nonagenarians... TN-leverage strength of BHEL, NLC... Convulsions in The Hindu Sri Lanka votes for change Another Indian music maestro at the UN GM Technology at last! Naidu will soon build a new Hyderabad Silver Years of Madras Musings Land reclamation from sea appears cheaper! Muffled voices for merit… …and of a popular trade leader An enemy’s enemy is a friend S V Raju – a ‘good’ true liberal Measuring roof tops in terms of KW/MW No mega rail project for Tamil Nadu Scientists urged to take up farmer-oriented research Reliance’s TV – 18 ready to launch Tamil News Channel Wise Presidents Bihar elections - the Rajaji formula worked Intellectual of rare qualities He saved millions from starvation... Polls and promises CIPET hqrs to stay at Guindy – for the present? The star of Spencers is no more Shipping woes of Chennai companies Boy, can you beat these? Fuel for thought TELANGANA at last…BUT Nuclear power at the nucleus Lalu’s envy, India’s pride China invests in India More Shakti to resource mobilisation... Delhi is distant How Air-India loses customs... Things happen by accident and not by design... CII projects higher growth… Streamlining mandatory third party cover Make standards certification mandatory... Modi storms Silicon Valley Parliament in paralysis... Multi-faceted Venkat Cement prices continue to rise… A welcome initiative by the judiciary Sweeter prospects for sugar Build close rapport with business leaders London, London Narayan Tribute Bihar – Nitish Kumar adopts the Lalu model When small is no larger beautiful.. Rs.1600 crore paper board plant of TNPL Strengthen the base... Odisha: spectacular win by Naveen Patnaik TN – agglomerate land holdings without alienating ownership Why land prices zoom in TN? PC’s preference for professionals Adapt Vajpayee dinner diplomacy A rich pool of talent not utilised…. A C Muthiah – his munificent bequeaths to science CRS, a jewel among managers, is no more. A glass full of corruption MHC should not return to its old indisciplined ways Computation of GDP – conundrums continue Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Welcome thrust on trade in Modi’s foreign visits... Welcome changes that testify to Jayalalithaa’s return to health Kinetic Karnataka F C Kohli - his concerns all embracing Poor representation for Kerala and TN in Cabinet Revving up the manufacturing sector Poor quality of university VCs The Gulf aviation boom More tributes to GR Mu Sigma – is no more to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Lesson from Chandrababu Naidu Of course, Gujarat is vibrant Excel Generators provide the vital back-up IPL type auction for VCs? Valli, they are more marginalised Modi and the lady
 
PC’s preference for professionals

So, Finance Minister P Chidambaram (PC) has opted again to do differently: in appointing Dr. Raghuram Rajan as the Governor of Reserve Bank of India, PC has departed from convention. For years, the practice has been to appoint a senior civil servant as the RBI governor. In the initial years, these were renowned ICS officers like S Jagannathan. These were followed by officers from the IAS like S Venkitaramanan. Later, the search was from well-known academics. Dr I G Patel and Dr C Rangarajan were good examples. Dr Manmohan Singh was also the Governor of RBI but he had long stint earlier at the Finance Ministry.

The two precious appointers, Dr Y V Reddy and Dr D Subbarao belonging to the IAS cadre were drawn from the Ministry of Finance.

Rajan is the first RBI Governor to have been chosen for his experience at the international domain. He has rich experience on international fiscal and monetary issues, having worked as the Chief Economic Advisor at IMF. His close observations on the working of the Federal Reserve in the US should stand him in good stead in taking care of the monetary policy and administration in India. He will have his hands full; what with the rupee falling like nine-pins, inflation raging high and economic growth registering a steep fall.

 

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