M. R. Pai
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Mangalore Ranga Pai (7 May 1931 – 3 July 2003), or M. R. Pai, was an Indian journalist and business consultant. Pai was born in
Manjeshwar Manjeshwar is a coastal town and a minor port in Kasaragod district at the northern tip of Kerala. It is situated at a distance of from the state capital Thiruvananthapuram, from Kanyakumari, north of district HQ Kasaragod and south of M ...
,
Kerala Kerala ( , ) is a States and union territories of India, state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile ...
, a small village on the Karnataka-Kerala Border. He studied at
Canara High School Canara High School is an educational institution in Mangaluru which was founded by Ammembal Subba Rao Pai in 1891. He is also popular as the founder of Canara Bank, now a major nationalized bank in India. Since 1945, when a sister school was ...
,
Mangalore Mangaluru (), formerly called Mangalore ( ), is a major industrial port city in the Indian state of Karnataka and on the west coast of India. It is located between the Laccadive Sea and the Western Ghats about west of Bengaluru, the st ...
and later at Presidency College,
Madras Chennai, also known as Madras ( its official name until 1996), is the capital and largest city of Tamil Nadu, the southernmost state of India. It is located on the Coromandel Coast of the Bay of Bengal. According to the 2011 Indian ce ...
where he obtained an MA in political science at the top of his class and received the Candeth Gold Medal from
Madras University The University of Madras is a public university, public State university (India), state university in Chennai (Madras), Tamil Nadu, India. Established in 1857, it is one of the oldest and most prominent universities in India, incorporated by an ...
.


Degree in journalism

After his studies he went to
Bombay Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian States and union territories of India, state of Maharashtra. Mumbai is the financial centre, financial capital and the list of cities i ...
, where he worked as an assistant editor with the ''
Times of India ''The Times of India'' (''TOI'') is an Indian English-language daily newspaper and digital news media owned and managed by the Times Group. It is the List of newspapers in India by circulation, third-largest newspaper in India by circulation an ...
''. Two years later he went to the
United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
, where he obtained a master's degree in
journalism Journalism is the production and distribution of reports on the interaction of events, facts, ideas, and people that are the "news of the day" and that informs society to at least some degree of accuracy. The word, a noun, applies to the journ ...
from the
University of California The University of California (UC) is a public university, public Land-grant university, land-grant research university, research university system in the U.S. state of California. Headquartered in Oakland, California, Oakland, the system is co ...
,
Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...
. During his stay in the US, he had the opportunity of editing a newspaper at the ''Carlsbad Journal'' in a small town
Carlsbad Carlsbad may refer to: Geographical locations * Carlsbad, California, San Diego County, United States ** Carlsbad Santa Fe Depot, NRHP ID No. 93001016 * Carlsbad, New Mexico, United States ** Carlsbad Caverns National Park ** Carlsbad Irriga ...
,
California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...
.


Joins Forum of Free Enterprise

He returned to India and joined the New India Assurance Company Limited for a short while until it was nationalised, and then joined the Forum of Free Enterprise, which was launched on 18 July 1956 by the late A D Shroff. In 1957, along with Nani Palkhivala, the forum was developed into a national organisation which organised meetings on economic subjects across the country. Through the forum he was responsible in corresponding with members of the Parliament of India, and other opinion leaders. He left the forum in 1976 to become a business consultant. However, he continued to be its vice president till his death. In 2004, the All India Bank Depositors' Association, which he founded and headed, started the M. R. Pai Award.


Meeting with Milton Friedman

When
Milton Friedman Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and ...
visited India in 1963, Pai was responsible for his meetings in India. The friendship generated during this visit lasted till Pai's death. When the Friedmans published their book ''Free to Choose'' in 1982, an autographed copy was sent to Pai, with an offer to publish any portion as a booklet. The Forum obliged them by bringing a booklet ''Central Economic Planning'' in September 1982. A few years later in 1998 in their autobiography ''Two Lucky People'', the Friedmans made a mention of Pai. He was the secretary of the forum till 1976, and its vice president till his death.


Consumer activist

During the years of the
controlled economy A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, part ...
India, when almost all services where provided by a Government owned
monopoly A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce ...
, the services that could be availed by a consumer was either appalling or even non existent. It was during this time when the term ''consumer rights'' was yet to gain popularity, that Pai was able to make a big impact. Services offered by the Indian Telephones, Indian nationalised banks and Indian Airlines among others began to face his ire. He started demanding good services for the customer at every available forum. He was an honorary secretary of the All-India Bank Depositors' Association, through which he published the book ''Depositors’ Rights and Customer Service in Banks'' which provided the customer of a bank with information required to deal with the various problems faced by them. The Indian edition of
Reader's Digest ''Reader's Digest'' is an American general-interest family magazine, published ten times a year. Formerly based in Chappaqua, New York, it is now headquartered in midtown Manhattan. The magazine was founded in 1922 by DeWitt Wallace and his wi ...
, featured him on the cover of their October 1995 issue under the title ''M. R. Pai - Champion of the Consumer''.


Books

He has written about five books * ''An Indian Economic Miracle and Other Essays'' (1970) * ''How to Arrange Programmes and Meetings'' * ''How to Save and Invest'' * ''Time Management'' * ''The Legend of Nani Palkhivala'' (2002)


References

{{DEFAULTSORT:Pai, M. R. 1931 births 2003 deaths Writers from Mangalore Mangaloreans Presidency College, Chennai alumni Indian self-help writers