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

So, Finance Minister P Chidambaram (PC) has opted again to do differently: in appointing Dr. Raghuram Rajan as the Governor of Reserve Bank of India, PC has departed from convention. For years, the practice has been to appoint a senior civil servant as the RBI governor. In the initial years, these were renowned ICS officers like S Jagannathan. These were followed by officers from the IAS like S Venkitaramanan. Later, the search was from well-known academics. Dr I G Patel and Dr C Rangarajan were good examples. Dr Manmohan Singh was also the Governor of RBI but he had long stint earlier at the Finance Ministry.

The two precious appointers, Dr Y V Reddy and Dr D Subbarao belonging to the IAS cadre were drawn from the Ministry of Finance.

Rajan is the first RBI Governor to have been chosen for his experience at the international domain. He has rich experience on international fiscal and monetary issues, having worked as the Chief Economic Advisor at IMF. His close observations on the working of the Federal Reserve in the US should stand him in good stead in taking care of the monetary policy and administration in India. He will have his hands full; what with the rupee falling like nine-pins, inflation raging high and economic growth registering a steep fall.

 

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