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

The NDA II government has been taking strong action against political bigwigs, bureaucrats and business leaders on charges of corruption. The conviction of the former Coal Secretary, H C Gupta to a two year jail term by a special court for corruption in allotting a coal block to a private company has, understandably, been protested by the IAS Association. 

An ex-civil servant pointed to the risk of senior bureaucrats not taking decisions on crucial issues on fears of such punishment even for errors of judgment on honest appraisals. I remember the time when ministers and senior civil servants took bold decisions with the objective of economic development. In the 1950s and 1960s R Venkataraman, as Minister of Industry, Tamil Nadu, encouraged the state industrial development corporations to obtain licences and to offer these to  prospective entrepreneurs. 

Several of the civil servants even took bold to differ with the minister. I cite an instance of K P Geethakrishnan as TN Industry Secretary and K Venkatesan as Finance Secretary resisting the direction of Chief Minister MGR to clear the proposal to set up the bagasse- based Tamil Nadu Newsprint and Papers Ltd. They pointed to the risk involved in the state committing over Rs 250 crore on a single project based on unproven technology. MGR had to transfer these out of their posts to get the project cleared!

Dozens of projects cleared in the joint sector by the state development corporations failed causing considerable losses. But neither the civil servants nor the political leadership were blamed for these. Of course, times were different: the level of honesty of the politicians and the bureaucrats across the board was pretty high and integrity beyond reproach. 

The coal allocation case is different. Persons totally unconnected with the coal sector jumped into the fray, eg. Minister S Jagatrakshakan applied for such a licence for a company registered in Puducherry. We also had earlier the instance of the property developer, Unitech, successfully bidding for a telecom licence and later selling it at a huge profit to Nortel. There is the responsibility on the part of senior bureaucrats to exercise due caution on such speculative bidders. In the case of the coal scam, such diligent scrutiny seems to be missing and bureaucracy at the top seems to have failed in the whole exercise resulting in a scam of gargantuan proportions.



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