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