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The Jan Dhan bonanza Welcome thrust on trade in Modi’s foreign visits... Fuel for thought Pharma – overdose of copying Return to king coal for urea... Revving up the manufacturing sector Where a state respects its litterateurs… Delhi is distant… More Shakthi to Das’ elbow Insurance companies bleeding, yet no decision on increasing FDI limit! Kulandai was a giant More heat than light Solar thermal shines… Fortune 500 review The Swadeshi Trump Don’t seem to feel the pulse… CRS, a jewel among managers, is no more. Land reclamation from sea appears cheaper! A welcome initiative by the judiciary Towards speedy justice Sri Lanka votes for change Quality silica from Neyveli Bihar elections - the Rajaji formula worked This scant respect for Law Poor quality of university VCs PC’s preference for professionals An informal presentation - analytical, forward locking... There was flood of milk. Reason: no milk commissioner! Air Asia India will set new benchmarks for budget travel The Ports’ Pasha expands into Tamil Nadu B H Kothari - a tribute Small units prefers to remain small... The power-full Hindujas TN – agglomerate land holdings without alienating ownership Diamond jubilee of Egmore Samskrt School Excel Generators provide the vital back-up Wise Presidents Moily’s bold thrust Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Making ‘my Amaravati’... R Sridhar steps down as CEO of Shriram Capital PPP mode for upgrading Corporation Hospitals Discoms deserve better… Reliance’s TV – 18 ready to launch Tamil News Channel TN-leverage strength of BHEL, NLC... Scientists urged to take up farmer-oriented research Naidu will soon build a new Hyderabad When TN politicians can emulate Kerala's Medical costs hit the roof... 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Godspeed, Chief Minister JJ Put expensive assets created to use... Sweeter prospects for sugar Online not in line with brick and mortar businesses... Recognition to role of NBFCs.... Welcome focus on core competence Vibrant Gujarat Tatas moving out of urea production... No Maha Koottani in TN... A rich pool of talent not utilised…. Computation of GDP – conundrums continue Tihar, Puzhal not different from Parappana Agrahara Editor's Says Banning booze... China invests in India WTO Meet: resolved to meet again Limit foreign borrowings to hi-tech, export potential projects... Focus on quality of power - its only around 170-180V Intellectual of rare qualities Lalu’s envy, India’s pride The rise and fall of Annamalai University When Ratan Tata visited SRM Preserving for the future The ‘Ayyo-yes’ is no more Welcome changes that testify to Jayalalithaa’s return to health Music happens IAS invades NDDB... When online building permits work…. Why land prices zoom in TN? Cutting the nose to spite the face A more liberated TN… Not just in-laws (and outlaws); they’ve renowned academics at the helm! No mega rail project for Tamil Nadu Noble nonagenarians... Protest masters... SoA @ 80 Roaring Ro-Ro facility When nations steal growth from one another… When small is no larger beautiful.. Solar, solar everywhere … The ‘Jayanthi Tax.’ Mu Sigma – is no more Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai A friendly business group The why of tax incentives Liberal imports idling indigenous capacities A proud Madrasi S Ramanathan – a versatile musician, musicologist L&T: focus on infrastructure and more infrastructure… An inexplicable neglect Readers' Mail Things happen by accident and not by design... 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Muffled voices for merit… Infrastructure funding – lessons learnt L&T- the specialty of special purpose vehicles New IT products of Ramco in the pipeline… Boy, can you beat these? F C Kohli - his concerns all embracing Tribute – Manikam Ramaswami Fortune for Indian Airlines Lesson from Chandrababu Naidu Multi-faceted Venkat TELANGANA at last…BUT Whistle-Stop Tour of Raghuram Rajan For whom the bell tolls? How Air-India loses customs... Poor representation for Kerala and TN in Cabinet Tatas moving out of urea production... Shale gas and its shallow future The sea- saw battle continues... Nuclear power at the nucleus …and of a popular trade leader TGS- The king storyteller Make standards certification mandatory... Naidu’s return augurs well for Seemandhra Kudos to NDTV... Eternal support for capitalisation of PS banks Kinetic Karnataka Paytm karo... Road development slows down Delhi Chalo... Fall in crude prices help in oil sector reform Valli, they are more marginalised MHC should not return to its old indisciplined ways Dr C Rangarajan returns to Chennai Haul over the coal The rise and rise of KCP Five star activism stalls development activity Russi Mody – a tribute Revive development banks... Funding the un-funded
 
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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