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