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

Strong leaders of regional political parties like J Jayalalithaa and Karunanidhi could defy attempts by the Centre to bring about significant policy changes. With the over-emphasis on welfare measures that result in the proliferation of freebies and massive subsidies, Tamil Nadu’s finances were in bad shape. Remember the state, refusing to reform the power sector? The state delayed the formation of the State Electricity Regulatory Commission, resisted separation of generation and distribution through separate companies (neighbouring Andhra Pradesh did this to great benefit)... The finances of the electricity board were in a mess with regular losses and mounting debts. Jayalalithaa as Chief Minister routinely resisted several proposals of the Centre to the detriment of the state’s economy. She was also unmindful of the harm done to the state’s economy by such an attitude. 

A weak Centre under the UPA, dependent on the support of several regional parties, was unable to prevail over such strong local leaders. Such an attitude has also been giving rise to agitations by special interest groups. We witnessed these in recent times in the opposition to the hydrocarbon project in Vadivasal, the constant agitations by lawyers, farmers and more recently, by government doctors and transport workers. One can witness the impact of a strong Central government with a single party commanding majority in the Lok Sabha. The Modi government has been able to stand firm and not yield to demands considered unfair. One hopes pressure groups would realise the futility of protesting issues that had received extensive support on the national plane. The state leadership should also weigh the overall benefits to society not influenced by demands of sectoral interests. 

The traders’ lobby has gained considerable support and clout in recent years. On 5 May of every year, traders’ associations across the state observe the traders day and show their solidarity by closing all shops! The association presents a list of demands seeking special favours. 

The services sector that includes such trading is estimated to account for over 60 per cent of the GDP, but it has been accounting for less than 10 per cent of total tax revenues. Despite substantial growth traders have been successfully resisting attempts to bring their operation under the tax net. 25 years ago Dr. Manmohan Singh, as finance minister, proposed a simple presumptive tax ,of just Rs. 1400 pa, with no questions asked on books kept. The trader lobby successfully resisted and forced the government to withdraw this tax. State governments also lack efforts in bringing this huge section, quite a portion of this prosperous, under the tax net. 

The GST system, one hopes, would address this issue. This single factor can increase tax revenues substantially. This is yet another area for the Centre to focus. 


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