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