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When nations steal growth from one another… Wise Presidents More tributes to GR Tribute – UCAL Selvan… Kulandai was a giant Infrastructure funding – lessons learnt Waning interest in public discussions… The star of Spencers 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 Small units prefers to remain small... IPL type auction for VCs? Shanti and Sadhana through Music Strengthen the base... CII projects higher growth… Banning booze... Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Demise of a media baron... 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Reason: no milk commissioner! Haul over the coal Adapt Vajpayee dinner diplomacy Return to king coal for urea... WTO Meet: resolved to meet again Welcome GST The Gulf aviation boom Delhi returns to BJP A think tank for Chennai The rise and fall of Annamalai University TN-leverage strength of BHEL, NLC... Fuel for thought An informal presentation - analytical, forward locking... Solar thermal shines… Shale gas and its shallow future A welcome initiative by the judiciary A Grand Finale for SN’s MS centenary at the US… Of course, Gujarat is vibrant Another Indian music maestro at the UN Diamond jubilee of Egmore Samskrt School Medical costs hit the roof... More heat than light London, London Narayan Tribute – Manikam Ramaswami Kinetic Karnataka Tihar, Puzhal not different from Parappana Agrahara Secularism and anti-Hinduism Not just in-laws (and outlaws); they’ve renowned academics at the helm! R Sridhar steps down as CEO of Shriram Capital Readers' Mail Where is Rajaji? 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SoA @ 80

The grand old man of the accounting profession has turned 80. The Society of Auditors (SoA) which predates the Institute of Chartered Accountants of India (ICAI) has been rendering yeoman service to the cause of the profession.

IE has had close association with the Society. The renowned auditor D Rangaswamy (DR) led the SoA for several years with great distinction through his interest and involvement. Amiable and friend of all, DR ensured the involvement of all seniors in the profession and presented several administrators, business leaders and legal luminaries to address the members.

I have had the good fortune of speaking at several meetings at SoA on fiscal issues, particularly the annual meetings on the Union Budget. Yes, those were the days before the national television under Prannoy Roy sucked all attention to Delhi.  Seniors in the profession from Brahmayya & Co, R G N Price, Fraser & Ross, S Venkataraman & Co, and senior officials like the Chief Commissioner and other commissioners from the revenue department and senior leaders from industry used to attend these meetings. DR’s stature in the profession and as a past Chairman of the Income Tax Appellate Tribunal helped.

I notice the Society is looking more inward and confining its focus on professional issues. With seniors like G Narayanaswamy, a doyen of the profession, involved in other public bodies, the appeal to wider sections of society seems to be missing.  But as the special feature on the profession published in this issue mentions, the horizons of the auditing profession have expanded manifold and cover global issues. Perhaps all the more the reason for the SoA to expand its expertise and interact with the general public. May be the SoA could act as the conscience keeper of the ICAI.

IE wishes SoA well in its march towards its centenary.

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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.
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