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