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


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236