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

Within a week of assuming charge as the Union Minister of Environment & Forests, Veerappa Moily has attempted to breathe some fresh air. He is reported to favour genetically modified (GM) food crops in the country, overturning the position of his predecessors.  As mentioned in our January issue, the Ministry has earned  a notoriety for its very many lapses. T R Baalu and A Raja, representatives of the DMK in the coalition, did not try to understand much of the complex issue. They merrily issued licences that turned out to be arbitrary and non-performing. Jairam Ramesh and his successor Jayanthi Natarajan, sat over the files; we have the sad spectacle of  projects involving thousands of crores of rupees making little progress. Narendra Modi even referred to a ‘Jayanthi tax.’

Moily, with his rich experience at the state and Central levels, has been known for his pragmatism. He has promised to clear the several projects relating to mining getting stuck on environmental issues. More welcome is his promise to have a relook at the GM crop issue.

    Moily’s term as the Minister of Law & Justice was marked by such a refreshing approach. He was concerned with the mounting arrears in the courts. Moily promised to work on judicial reforms and set a time limit of three years for disposal of a case. Unfortunately, his successor was more embroiled in politics and had to quit on not so honourable terms.

In his tenure as the Minister of Petroleum and Natural Gas, Moily again took bold to implement the recommendations of three important committees on pricing of petroleum products. The decision of the government to go for monthly increases in the price of diesel as also to link the pricing of petrol to the cost of crude and increase the price of commercial LPG despite not being popular, were compelling necessities. Moily also took bold to double the price of natural gas from $ 4.20 to $ 8.40 per thousand BTU from April  based on the Rangarajan committee’s recommendations. But it had been receiving expected opposition from other political parties including the Aam Aadmi Party. As has been pointed out by IE, regional parties like AIADMK routinely oppose reforms and corrections that fall squarely in the domain of Centre.  This makes it extremely difficult for weak coalition governments at the Centre to take decisions on the basis of fiscal prudence and economic compulsions.  

Unlike his predecessors in recent years, Moily brings with him decades of experience as a minister and administrator. His record as Chief Minister of Karnataka was sound and the seasoned politician also has a good grasp of the impact of policies on the masses. In the short tenure, he should persist with rational reforms that would correct the very many blunders of his predecessors.

Author :
Reported On :
Sector :
Shoulder :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236