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