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