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TN – agglomerate land holdings without alienating ownership Medical costs hit the roof... Welcome thrust on trade in Modi’s foreign visits... Roaring Ro-Ro facility No Maha Koottani in TN... Sri Lanka votes for change London, London Narayan Welcome focus on core competence A welcome initiative by the judiciary Wanted: a second airport for Chennai CII projects higher growth… Inflation: are we emulating Argentina and Brazil? The Swadeshi Trump Nuclear power at the nucleus SoA @ 80 Shale gas and its shallow future Why this malaise in medical education? Fortune for Indian Airlines Marketing expert Balagopal is no more GM Technology at last! F C Kohli - his concerns all embracing Cutting the nose to spite the face ONGC at KG Basin Parliament in paralysis... Tough task taking states together Polls and promises This scant respect for Law Remembering Indira Sivasailam... PPP mode for upgrading Corporation Hospitals Quality education through the PPP mode Welcome changes that testify to Jayalalithaa’s return to health A Grand Finale for SN’s MS centenary at the US… Secularism and anti-Hinduism TN-leverage strength of BHEL, NLC... Insurance companies bleeding, yet no decision on increasing FDI limit! When TN politicians can emulate Kerala's A professional at the helm of IRDA... WTO Meet: resolved to meet again New IT products of Ramco in the pipeline… Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Excel Generators provide the vital back-up Airlines in India: cost and space Kudos to NDTV... Small units prefers to remain small... Lesson from Chandrababu Naidu Valli, they are more marginalised He saved millions from starvation... No engine for this car S V Raju – a ‘good’ true liberal Delhi is distant… CRS, a jewel among managers, is no more. Reliance’s TV – 18 ready to launch Tamil News Channel IPL - no surprise this scam Things happen by accident and not by design... Robber barons everywhere Where a state respects its litterateurs… More Shakthi to Das’ elbow Breaththrough in malaria control R Sridhar steps down as CEO of Shriram Capital Adharma of opposition politics Increasing non co-operation of state leaders China invests in India Mu Sigma – is no more Demise of a media baron... Modi storms Silicon Valley Naidu will soon build a new Hyderabad Engineering seats go abegging Solar, solar everywhere … When small is no larger beautiful.. Dr C Rangarajan returns to Chennai Poor representation for Kerala and TN in Cabinet Liberal imports idling indigenous capacities Boy, can you beat these? Another Indian music maestro at the UN Banning booze... Delhi Chalo... Fuel for thought When the President was rendered homeless… An inexplicable neglect The few handicaps... 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More tributes to GR TGS- The king storyteller Funding the un-funded TELANGANA at last…BUT Vibrant Gujarat Maximising the micro pricing … How Air-India loses customs... The balancing act The Jan Dhan bonanza Haul over the coal The why of tax incentives Contrarian cousins L&T: focus on infrastructure and more infrastructure… Tatas moving out of urea production... Infrastructure funding – lessons learnt The Gulf aviation boom IAS invades NDDB... Bihar elections - the Rajaji formula worked Land reclamation from sea appears cheaper! Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai The power-full Hindujas An enemy’s enemy is a friend Come elections, come advertisements... Delhi returns to BJP When nations steal growth from one another… A rich pool of talent not utilised…. Computation of GDP – conundrums continue An informal presentation - analytical, forward locking... Return to king coal for urea... Align crops to agro climate endowments… Tatas moving out of urea production... CSR and CMI: promise of another Srinivasan Ramanujan... Colour-Chem’s colourful KRVS Mersal magnified The rise and rise of KCP Eternal support for capitalisation of PS banks …and of a popular trade leader Protest masters... Delhi is distant Building loyalty through the stomach Make standards certification mandatory... Should we change the official year? Fall in crude prices help in oil sector reform The rise and fall of Annamalai University Revive development banks... West Bengal: mindless malignancy Quality silica from Neyveli CIPET hqrs to stay at Guindy – for the present? 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… Rs.1600 crore paper board plant of TNPL TN accounts for the largest recruits by the IT sector GNS - 100: our first subscriber Adapt Vajpayee dinner diplomacy Tax agriculture Naidu’s return augurs well for Seemandhra Padma Bhushan for A Ramakrishna Tribute – Manikam Ramaswami Silver Years of Madras Musings Pharma – overdose of copying Streamlining mandatory third party cover Put expensive assets created to use... Telangana in top gear… A C Muthiah – his munificent bequeaths to science Whistle-Stop Tour of Raghuram Rajan Sweeter prospects for sugar Modi and the lady No mega rail project for Tamil Nadu Odisha: spectacular win by Naveen Patnaik Discoms deserve better… S Ramanathan – a versatile musician, musicologist Tribute – UCAL Selvan… Recognition to role of NBFCs.... Sweet news for TN sugar mills IPL type auction for VCs? EEC at the National Media Centre Cement prices continue to rise… Measuring roof tops in terms of KW/MW For whom the MIDS bell tolls? More heat than light Kulandai was a giant Music happens A think tank for Chennai The sea- saw battle continues... Tihar, Puzhal not different from Parappana Agrahara Where is Rajaji? Multi-faceted Venkat Road development slows down Paytm karo... B H Kothari - a tribute Godspeed, Chief Minister JJ Air Asia India will set new benchmarks for budget travel The ‘Ayyo-yes’ is no more The ‘Jayanthi Tax.’ Focus on quality of power - its only around 170-180V The star of Spencers is no more Scientists urged to take up farmer-oriented research For whom the bell tolls? A friendly business group Welcome GST When Ratan Tata visited SRM Limit foreign borrowings to hi-tech, export potential projects... Russi Mody – a tribute
 
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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