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Recognition to role of NBFCs.... Wise Presidents Welcome changes that testify to Jayalalithaa’s return to health Funding the un-funded He continues the focus on social amelioration L&T- the specialty of special purpose vehicles Engineering seats go abegging Increasing non co-operation of state leaders CRS, a jewel among managers, is no more. PC’s preference for professionals The Jan Dhan bonanza Come elections, come advertisements... Breaththrough in malaria control Modi and the lady Noble nonagenarians... Medical costs hit the roof... TN accounts for the largest recruits by the IT sector Dr C Rangarajan returns to Chennai Welcome GST Fuel for thought TGS- The king storyteller Should we change the official year? Delhi is distant Pharma – overdose of copying CSR and CMI: promise of another Srinivasan Ramanujan... Kulandai was a giant When small is no larger beautiful.. For whom the MIDS bell tolls? Rahman at CIC Remembering Indira Sivasailam... Five star activism stalls development activity CII projects higher growth… Not just in-laws (and outlaws); they’ve renowned academics at the helm! Godspeed, Chief Minister JJ The Gulf aviation boom This scant respect for Law Where a state respects its litterateurs… Tribute – UCAL Selvan… Whistle-Stop Tour of Raghuram Rajan West Bengal: mindless malignancy Return to king coal for urea... The rise and rise of KCP Contrarian cousins Parliament in paralysis... When TN politicians can emulate Kerala's S Ramanathan – a versatile musician, musicologist Like Hinduism: many paths to reach God... Computation of GDP – conundrums continue Make standards certification mandatory... Preserving for the future The nuclear option The power-full Hindujas Wanted: a second airport for Chennai Sweet news for TN sugar mills London, London Narayan Nuclear power at the nucleus Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Solar, solar everywhere … The ‘Ayyo-yes’ is no more Kudos to NDTV... Air Asia India will set new benchmarks for budget travel Fortune for Indian Airlines A more liberated TN… Eternal support for capitalisation of PS banks How Air-India loses customs... Convulsions in The Hindu Mu Sigma – is no more A C Muthiah – his munificent bequeaths to science Tihar, Puzhal not different from Parappana Agrahara When nations steal growth from one another… Revving up the manufacturing sector Robber barons everywhere TN – agglomerate land holdings without alienating ownership SoA @ 80 The rise and fall of Annamalai University Roaring Ro-Ro facility Poor representation for Kerala and TN in Cabinet Why land prices zoom in TN? Editor's Says The balancing act ONGC at KG Basin Alexa – Talking Wikipedia Muffled voices for merit… Bihar – Nitish Kumar adopts the Lalu model Measuring roof tops in terms of KW/MW Naidu’s return augurs well for Seemandhra Banning booze... Discoms deserve better… Haul over the coal Rs.1600 crore paper board plant of TNPL No mega rail project for Tamil Nadu A rich pool of talent not utilised…. He saved millions from starvation... Tribute – M V Murugappan Valli, they are more marginalised No Maha Koottani in TN... Scientists urged to take up farmer-oriented research GM Technology at last! Kinetic Karnataka Naidu will soon build a new Hyderabad Fall in crude prices help in oil sector reform Russi Mody – a tribute A proud Madrasi Editor's Notes A glass full of corruption Tax agriculture Mersal magnified Tough task taking states together Tribute Fortune 500 review Sri Lanka votes for change Protest masters... Vibrant Gujarat More tributes to GR The why of tax incentives Demise of a media baron... No engine for this car Cleaning Ganga – relocate tanneries and install electric crematoria Colour-Chem’s colourful KRVS An enemy’s enemy is a friend Waning interest in public discussions… A Grand Finale for SN’s MS centenary at the US… L&T: focus on infrastructure and more infrastructure… Insurance companies bleeding, yet no decision on increasing FDI limit! EVM is tamper-proof Diamond jubilee of Egmore Samskrt School Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai A professional at the helm of IRDA... Reliance’s TV – 18 ready to launch Tamil News Channel Streamlining mandatory third party cover Land reclamation from sea appears cheaper! The sea- saw battle continues... For whom the bell tolls? Music happens CIPET hqrs to stay at Guindy – for the present? Lesson from Chandrababu Naidu Adharma of opposition politics R Sridhar steps down as CEO of Shriram Capital Where is Rajaji? Things happen by accident and not by design... Modi storms Silicon Valley TN-leverage strength of BHEL, NLC... Marketing expert Balagopal is no more The ‘Jayanthi Tax.’ Quality education through the PPP mode Welcome focus on core competence China invests in India Welcome thrust on trade in Modi’s foreign visits... Quality silica from Neyveli When online building permits work…. Delhi is distant… EEC at the National Media Centre When Ratan Tata visited SRM All eyes on Sankara Nethralaya S V Raju – a ‘good’ true liberal Build close rapport with business leaders Polls and promises Limit foreign borrowings to hi-tech, export potential projects... GNS - 100: our first subscriber Delhi returns to BJP Strengthen the base... Why this malaise in medical education? Readers' Mail TIAM turns a full cycle Delhi Chalo... New IT products of Ramco in the pipeline… IAS invades NDDB... Align crops to agro climate endowments… WTO Meet: resolved to meet again A Grand Finale for SN’s MS centenary at the US… IPL - no surprise this scam More heat than light Permanent secretariat for TN GIM Maximising the micro pricing … Don’t seem to feel the pulse… …and of a popular trade leader The brown list of Venkitaramanan B H Kothari - a tribute Road development slows down Shanti and Sadhana through Music Shaming of Tamils by Tamil farmers at Delhi When the President was rendered homeless… Solar thermal shines… The star of Spencers is no more Padma Bhushan for A Ramakrishna Making ‘my Amaravati’... Excel Generators provide the vital back-up PPP mode for upgrading Corporation Hospitals Secularism and anti-Hinduism Cutting the nose to spite the face A welcome initiative by the judiciary Small units prefers to remain small... Tribute – Manikam Ramaswami Towards speedy justice Inflation: are we emulating Argentina and Brazil? Telangana in top gear… Lalu’s envy, India’s pride IPL type auction for VCs? A yen for wastage… A friendly business group Of course, Gujarat is vibrant Shipping woes of Chennai companies 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 Airlines in India: cost and space MHC should not return to its old indisciplined ways Which side are you, Montek? Gay abandon in pricing TELANGANA at last…BUT Bihar elections - the Rajaji formula worked Cement prices continue to rise… The Ports’ Pasha expands into Tamil Nadu Liberal imports idling indigenous capacities Silver Years of Madras Musings Plummeting profits of PSBs Intellectual of rare qualities There was flood of milk. Reason: no milk commissioner! Infrastructure funding – lessons learnt More Shakthi to Das’ elbow Auto components surge… Revive development banks... Put expensive assets created to use... Online not in line with brick and mortar businesses... Another Indian music maestro at the UN An inexplicable neglect Sweeter prospects for sugar Gas is the way forward F C Kohli - his concerns all embracing More Shakti to resource mobilisation... Tatas moving out of urea production... The Swadeshi Trump Boy, can you beat these? Building loyalty through the stomach Multi-faceted Venkat Tatas moving out of urea production... A think tank for Chennai Odisha: spectacular win by Naveen Patnaik The few handicaps... Adapt Vajpayee dinner diplomacy Paytm karo... Shale gas and its shallow future Moily’s bold thrust An informal presentation - analytical, forward locking... Poor quality of university VCs Focus on quality of power - its only around 170-180V
 
Put expensive assets created to use...
TAMIL NADU has the reputation of attracting investments in large industrial and infrastructure projects. This was the result of the strong base laid in the 1950s and 1960s by the leadership provided by K.Kamaraj, R Venkataraman and C Subramaniam. The advantage of good infrastructure and the focus on power were big help. Disappointingly, the over-emphasis of the Dravidian parties on the distribution rather than creation of wealth, has dented the reputation of the state. Tamil Nadu has been neglecting power development for two decades and presently is in the midst of a severe power crisis. Post 2000, the IT sector received a big boost. Presently, this appears to have suffered a slowdown. High cost of real estate, compounded by recent huge hike in property tax proposed by the Corporation, are dimming the prospects.

Times of India recently featured several large buildings like the new Secretariat building and the new Rajiv Gandhi General Hospital complex built at a cost of a couple of thousand crores of rupees, kept idle.

The state has several other such issues like the NHAI elevated road project being built along the Cooum River getting stalled. There have been humongous losses suffered on stalling these projects of great value to the metro.

The average citizen is already reeling under the weight of inflation. Items of daily consumption including food, fruits and vegetables, house rent, transportation, power, have all been registering frequent and steep increases. Should the government be insensitive to the burden caused by time overruns, delays and idling of expensive facilities? There is urgent need for a much higher degree of cost economics on the part of policymakers.

Why can’t leverage the strengths of Central projects?

THE STATE has not been supportive of large Central-sector projects that have been making huge contributions to employment and state revenues. BHEL, Neyveli Lignite Corporation and Chennai Petroleum Corporation provide large employment and handsome revenues to the state. In fact, for nearly five decades, Neyveli has been providing cheap power in large volumes. NLC has handsome resources and is financially strong. Its proposal for expansion at Jayamkondam with an investment of over Rs 18,000 crore has been hanging fire for two decades. Coal Minister Sriprakash Jaiswal is busy with a Rs 20,000 crore (4000 MW) thermal plant in his constituency Kanpur in UP, with NLC pumping in Rs 6000 crore. Andhra Pradesh and Karnataka have been effectively leveraging the large presence of BHEL in their states to set up joint venture power projects. Unfortunately, such a JV between BHEL and TANGEDCO for setting up a 1600 MW power project at Udangudi was dropped.
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