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

I am happy to find Shaktikanta Das, Union Secretary for Economic Affairs in the Finance Ministry, who belongs to the Tamil Nadu cadre of IAS, in the limelight. Especially after the announcement of demonetisation, he has been articulating the nuances of this revolutionary measure so effectively. He seems to be part of the handful of policymakers behind this plan. He appears to command the trust of the Prime Minister and the Finance Minister and has been the principal spokesperson on the progress of the scheme and the several course corrections. 

During his tenure in Tamil Nadu as Industry Secretary, I remember the dynamism and thrust of Das in bringing several large new projects into the state. I make particular mention of the Ford Mahindra project in 1996 that heralded the auto boom in the state. He was working hard at developing the Ennore Port by facilitating the setting up of several industrial units. 

Hailing from Odisha, this upright officer was put on the bench, a fate suffered by several other civil servants. But his transfer to the Centre helped bring out the best in him. 

I  remember such problems encountered by several of his predecessors in Tamil Nadu. K P Geethakrishnan resisted the clearance for one of the large state sector projects, the TNPL, on the grounds of an unproven technology. He was transferred as the Industry Secretary and appointed the CMD of the smallest of the corporations, TANSIDCO, and later appointed as Chairman, SIPCOT. His luck in getting shifted to Delhi saw him record steep growth in his career as Secretary – Environment, later Finance Secretary and thence Executive Director, IMF. 

I see good prospects for Das reaching Washington through this route. 

Das revealed yet another facet of his articulation: at the inaugural session of the Economic Editors’ Conference, a journalist from Chennai was struggling to articulate his query in English. Das intervened and asked him to raise it in Tamil, which the former did. Das responded in Tamil and also translated the Q&A for the benefit of all! Bravo.

If S K Das displayed his linguistic prowess in Tamil so well, Minister of State for Industry & Commerce, Nirmala Sitharaman,  did one better: she answered queries from correspondents in Tamil, Telugu, Hindi and English with equal felicity and command!

I raised two questions on the ministry’s performance: the first was in response to her claim on facilitating exports. I cited the instance of a flourishing engineering goods exporter of Tamil Nadu who complained of demand for fat speed-money by port managers to move his containers to the ship. He pointed to incurring an expenditure of Rs 3 lakh per month on this score. The penalty for not coughing up the bribe was detention of the container and demand to open and explain every part inside, entailing massive delays and risk of his losing custom for failure to deliver in time.

The second instance cited related to the AIADMK government’s scheme to offer fans, mixies and grinders to its citizens. If one expected the expenditure of over Rs 2000 crore per annum to benefit industrial units in Ambattur or Coimbatore, one was in for a shock: the entire consignment has been imported from China! 

There was silence for a couple of minutes. The minister then admitted she was speechless!  Rare for this highly articulate minister.

Sitharaman promised to look into the first of the queries and rectify the malaise. Of the second, she said it is a more complicated trade issue.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com