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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? 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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.

 

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