The veteran business journalist and Business Line deputy editor, T.C.A. Srinivasa-Raghavan, in The Hindu:
“Having covered, in one way or another, 33 budgets since 1980 and, furthermore, having written their potted history since 1947 for the finance ministry, there are three things that I can assert with confidence.
“First, budget analysis was much better before TV, with its instant analysis, came along.
“True, that when budgets were presented at 5 p.m., analysts for newspapers also didn’t get much time. But they at least didn’t sound off without even a look at that little booklet called Budget at a Glance, leave alone the Finance Bill and the Explanatory Memorandum.”
Read the full article: Budgeting in hard times
sans serif records with regret the passing away of N.S. Jagannathan, former editor-in-chief of The Indian Express and Financial Express, in Bangalore on Saturday, 24 December 2011. He was 89 years old.
NSJ, as he was known to friends and colleagues, succeeded Arun Shourie in the Express chair and held the post till 1992 after which he shifted to Bangalore.
T.C.A Srinivasa Raghavan writes in The Hindu Business Line:
“NSJ started his working life as a member of the Indian Revenue Service, a calling that soon palled on his finely developed senses. So he quit and became a writer for a small economic journal in Calcutta.
“From there he moved as Assistant Editor to the Hindustan Times in the late 1960sand to Delhi…. But in the mid-1970s the paper made a series of misjudgements, one of which was the summary removal of the Editor, B. G. Verghese, because he had the temerity to utter some home truths about Indira Gandhi’s style of governing.
“NSJ was appalled and chose to quit as well. He joined the Statesman and stayed there till 1980 when he retired. A few months later, he became the editor of the Financial Express where he stayed till he became the editor of the Indian Express for a few months preceding the death of Ram Nath Goenka, the owner.”
Mr Jagannathan edited Kamba Ramayana, the 12th century version of the epic, translated by his friend, P.S. Sundaram.
Photograph: courtesy The Indian Express
External reading: N.S. Jagannathan on Tambrahms
N.S. Jagannathan on the year 2003
SHARANYA KANVILKAR writes from Bombay: Less than a week after the board of directors of The Hindu “decided” to appoint a professional from outside the family as the editor of the 132-year-old newspaper, the group’s business daily, The Hindu Business Line, is also slated to go the same way.
The paper’s joint editor, K. Venugopal—son of former Hindu editor G. Kasturi, a key player in the current round of the great HINDU mahayudh—who is in charge of Business Line, told a meeting of the paper’s reporters in Bombay today that Business Line would be getting a professional as editor in the next three months.
Venugopal is also reported to have indicated that, instead of looking for a name from outside the paper, a current staffer could don the role. Among the front-runners are D. Sampath Kumar, senior associate editor, and T.C.A. Srinivasa-Raghavan, associate editor.
Hindu Business Line is in the midst of a management and editorial restructuring exercise being conducted by the global consultancy firm, McKinsey. Code-named “Project Kamadhenu”, the exercise has already seen Venugopal, a director in the company, play less of a role in the daily’s editorial operations.
As per published news reports, it was Venugopal’s brother, K. Balaji, who proposed the move to keep family members away from editorial positions at last week’s board meeting, where the name of The Hindu‘s Delhi bureau chief, Siddharth Varadarajan, was proposed as the next editor of the paper.
Also read: The four great wars of N. Ram on ‘Hindu‘ soil