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