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Limit foreign borrowings to hi-tech, export potential projects... Dr C Rangarajan returns to Chennai Bihar – Nitish Kumar adopts the Lalu model EVM is tamper-proof Increasing non co-operation of state leaders Solar thermal shines… Diamond jubilee of Egmore Samskrt School Rahman at CIC Polls and promises Road development slows down When online building permits work…. Tax agriculture When the President was rendered homeless… He continues the focus on social amelioration Tribute – Manikam Ramaswami More heat than light Excel Generators provide the vital back-up IPL type auction for VCs? …and of a popular trade leader Parliament in paralysis... Engineering seats go abegging Rs.1600 crore paper board plant of TNPL CII projects higher growth… Alexa – Talking Wikipedia West Bengal: mindless malignancy Marketing expert Balagopal is no more Fortune for Indian Airlines Small units prefers to remain small... 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Tribute Tough task taking states together The Ports’ Pasha expands into Tamil Nadu The brown list of Venkitaramanan Quality education through the PPP mode Tribute – UCAL Selvan… Padma Bhushan for A Ramakrishna A friendly business group Contrarian cousins Shanti and Sadhana through Music CIPET hqrs to stay at Guindy – for the present? Focus on quality of power - its only around 170-180V Gay abandon in pricing Modi storms Silicon Valley No Maha Koottani in TN... Gas is the way forward Kulandai was a giant Insurance companies bleeding, yet no decision on increasing FDI limit! Whistle-Stop Tour of Raghuram Rajan Fuel for thought SoA @ 80 Should we change the official year? Measuring roof tops in terms of KW/MW China invests in India Liberal imports idling indigenous capacities TELANGANA at last…BUT The nuclear option Odisha: spectacular win by Naveen Patnaik Why land prices zoom in TN? 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Funding the un-funded Moily’s bold thrust Shale gas and its shallow future Shipping woes of Chennai companies Kinetic Karnataka A more liberated TN… Demise of a media baron... Mu Sigma – is no more Waning interest in public discussions… Bihar elections - the Rajaji formula worked London, London Narayan Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai L&T- the specialty of special purpose vehicles Delhi returns to BJP Vibrant Gujarat Tribute – M V Murugappan S Ramanathan – a versatile musician, musicologist TN-leverage strength of BHEL, NLC... Cement prices continue to rise… Airlines in India: cost and space No engine for this car Robber barons everywhere An informal presentation - analytical, forward locking... Readers' Mail Eternal support for capitalisation of PS banks Building loyalty through the stomach Boy, can you beat these? Of course, Gujarat is vibrant Not just in-laws (and outlaws); they’ve renowned academics at the helm! Streamlining mandatory third party cover Music happens Nuclear power at the nucleus Five star activism stalls development activity The rise and fall of Annamalai University Breaththrough in malaria control A think tank for Chennai When nations steal growth from one another… Delhi Chalo... Put expensive assets created to use... This scant respect for Law
 
When nations steal growth from one another…

Delhi is distant. For long I have been suggesting policy makers in Delhi to visit state capitals and other cities to explain policy and its implications. This should extend to Union ministers including the Prime Minister, secretaries to several departments and other political bigwigs of the party in power. The efforts seem confined to the prime minister through his man ki baat and tweets. I again suggest a change in this by policymakers expanding their contacts at the regional level.

In this background, the initiative of Dr C Rangarajan (CR), to present, initially Chief Economic Advisor Arvind Subramanian and subsequently RBI Governor Raghuram Rajan, was welcome. Both the outstanding economists were alumni of IIM-A and thus it was easy for Dr Rangarajan who was a distinguished professor at IIM-A, to present them at the Madras School of Economics of which CR is the chairman.

In his short visit to the city, Raghuram Rajan didn’t talk  about monetary policy or other facets of current concern.  He chose a subject on India and the international financial system. It was a brilliant analysis on the present state of the global economy struggling to regain momentum in economic growth. His reference to nations attempting to ‘steal’ growth from one another and the reasons for it, provoked a good deal of thought.

A note of thanks to Dr Rangarajan for bringing these luminaries focused on Delhi and Mumbai to Chennai.

 

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