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