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