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