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


Author :
Reported On :
Sector :
Shoulder :
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.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236