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Funding the un-funded Haul over the coal MHC should not return to its old indisciplined ways Robber barons everywhere Plummeting profits of PSBs Measuring roof tops in terms of KW/MW Cement prices continue to rise… EEC at the National Media Centre Revving up the manufacturing sector The Swadeshi Trump Tribute – Manikam Ramaswami Polls and promises R Sridhar steps down as CEO of Shriram Capital More Shakti to resource mobilisation... Noble nonagenarians... L&T: focus on infrastructure and more infrastructure… The star of Spencers is no more Bihar elections - the Rajaji formula worked A yen for wastage… Increasing non co-operation of state leaders An informal presentation - analytical, forward locking... Rs.1600 crore paper board plant of TNPL IPL type auction for VCs? Small units prefers to remain small... The Jan Dhan bonanza When online building permits work…. S V Raju – a ‘good’ true liberal The Gulf aviation boom Moily’s bold thrust Diamond jubilee of Egmore Samskrt School Wanted: a second airport for Chennai More Shakthi to Das’ elbow Roaring Ro-Ro facility He saved millions from starvation... Sweeter prospects for sugar When Ratan Tata visited SRM Road development slows down Why land prices zoom in TN? TN-leverage strength of BHEL, NLC... Dr C Rangarajan returns to Chennai When TN politicians can emulate Kerala's L&T- the specialty of special purpose vehicles Bihar – Nitish Kumar adopts the Lalu model Excel Generators provide the vital back-up A C Muthiah – his munificent bequeaths to science Russi Mody – a tribute Alexa – Talking Wikipedia Muffled voices for merit… Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Poor representation for Kerala and TN in Cabinet China invests in India Where a state respects its litterateurs… Put expensive assets created to use... 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The nuclear option Tribute – M V Murugappan The rise and fall of Annamalai University Pharma – overdose of copying West Bengal: mindless malignancy Welcome focus on core competence New IT products of Ramco in the pipeline… Editor's Notes The power-full Hindujas Sri Lanka votes for change Demise of a media baron... Auto components surge… Eternal support for capitalisation of PS banks CII projects higher growth… A proud Madrasi Colour-Chem’s colourful KRVS Make standards certification mandatory... Welcome thrust on trade in Modi’s foreign visits... Five star activism stalls development activity Naidu’s return augurs well for Seemandhra GNS - 100: our first subscriber Things happen by accident and not by design... Fortune for Indian Airlines A think tank for Chennai Revive development banks... A Grand Finale for SN’s MS centenary at the US… S Ramanathan – a versatile musician, musicologist IAS invades NDDB... 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When nations steal growth from one another… Scientists urged to take up farmer-oriented research Building loyalty through the stomach F C Kohli - his concerns all embracing Readers' Mail Don’t seem to feel the pulse… Reliance’s TV – 18 ready to launch Tamil News Channel A friendly business group TGS- The king storyteller Mu Sigma – is no more TIAM turns a full cycle A more liberated TN… Welcome GST Return to king coal for urea... Which side are you, Montek? Align crops to agro climate endowments… Multi-faceted Venkat Inflation: are we emulating Argentina and Brazil? Medical costs hit the roof... Tihar, Puzhal not different from Parappana Agrahara 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 Recognition to role of NBFCs.... A rich pool of talent not utilised…. Rahman at CIC The balancing act The ‘Ayyo-yes’ is no more CRS, a jewel among managers, is no more. Shaming of Tamils by Tamil farmers at Delhi CSR and CMI: promise of another Srinivasan Ramanujan... Valli, they are more marginalised
 
An informal presentation - analytical, forward locking...

“It was Eureka moment for me: if you look at the Centre and states’ finances as a whole, there is almost a 0.5 per cent increase in GDP growth thanks to the combined efforts of the states and the Centre in stepping up capital expenditure by around Rs 150,000 crore. There is more consolidation of macro- economic factors by the states than by the Centre,” said Arvind Subramanian, Chief Economic Adviser (CEA).
Addressing a packed audience at the Madras School of Economics (MSE) organised by the Southern India Chamber of Commerce and Industry, Subramanian expressed confidence on accelerated growth of the economy and even forecast a 8.5 per cent growth during this year and the next. He attributed this to three favourable factors: one,  oil prices have come down; two, firms are registering profits; and three, monetary easing had begun. 
A MSE student raised an interesting question: whether the CEA was making an honest professional assessment as an economist or is constrained by selling a favourable, government point of view. Subramanian admitted to the compulsions of both! 
Chennai rarely gets to hear a CEA on the state of the economy. Thanks to Dr C Rangarajan, Chairman, MSE, such an opportunity was provided. Subramanian spoke on several of the basic features of the Economic Survey prepared by him and his team mates and described this  as analytical, forward looking and descriptive of the economic situation.  The CEA held that big bang reforms are not applicable to India because ‘world history told us that such reforms happen only around crisis.’ These are not easy to happen in democracies: “we have multiple decision making centres and multiple veto centres. It is very difficult to push through dramatic changes. India, at this juncture, is not in a crisis. Compared to July 2013 we have come out of macro-economic crisis. Since then, inflation has come down, current account deficit improved and stock prices have gone up. There are some signs of revival of growth. India has become an attractive destination for investments in international context,” said Subramanian. 
The informal, American style presentation from the young economist was relished by the audience. The CEA also responded to several questions raised, especially by the students of MSE. 
I have been suggesting policymakers in Delhi, especially senior bureaucrats, to visit state capitals and explain the nuances of economic policy. After the expansion of the national news television, this had dried up. 
For long, we never had a CEA from the south. Though Raghuram Rajan donned this for a while, his tenure was short. Subramanian has made an interesting good 
beginning in explaining policy at the MSE. Hopefully the TN Global investors’ Meet will present more such 
policymakers to address on current and emerging economic issues.

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