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

Strong leaders of regional political parties like J Jayalalithaa and Karunanidhi could defy attempts by the Centre to bring about significant policy changes. With the over-emphasis on welfare measures that result in the proliferation of freebies and massive subsidies, Tamil Nadu’s finances were in bad shape. Remember the state, refusing to reform the power sector? The state delayed the formation of the State Electricity Regulatory Commission, resisted separation of generation and distribution through separate companies (neighbouring Andhra Pradesh did this to great benefit)... The finances of the electricity board were in a mess with regular losses and mounting debts. Jayalalithaa as Chief Minister routinely resisted several proposals of the Centre to the detriment of the state’s economy. She was also unmindful of the harm done to the state’s economy by such an attitude. 

A weak Centre under the UPA, dependent on the support of several regional parties, was unable to prevail over such strong local leaders. Such an attitude has also been giving rise to agitations by special interest groups. We witnessed these in recent times in the opposition to the hydrocarbon project in Vadivasal, the constant agitations by lawyers, farmers and more recently, by government doctors and transport workers. One can witness the impact of a strong Central government with a single party commanding majority in the Lok Sabha. The Modi government has been able to stand firm and not yield to demands considered unfair. One hopes pressure groups would realise the futility of protesting issues that had received extensive support on the national plane. The state leadership should also weigh the overall benefits to society not influenced by demands of sectoral interests. 

The traders’ lobby has gained considerable support and clout in recent years. On 5 May of every year, traders’ associations across the state observe the traders day and show their solidarity by closing all shops! The association presents a list of demands seeking special favours. 

The services sector that includes such trading is estimated to account for over 60 per cent of the GDP, but it has been accounting for less than 10 per cent of total tax revenues. Despite substantial growth traders have been successfully resisting attempts to bring their operation under the tax net. 25 years ago Dr. Manmohan Singh, as finance minister, proposed a simple presumptive tax ,of just Rs. 1400 pa, with no questions asked on books kept. The trader lobby successfully resisted and forced the government to withdraw this tax. State governments also lack efforts in bringing this huge section, quite a portion of this prosperous, under the tax net. 

The GST system, one hopes, would address this issue. This single factor can increase tax revenues substantially. This is yet another area for the Centre to focus. 


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