Wednesday, November 30, 2011

FDI Tamasha

The "con"gress could ill afford a bloodbath on it's hands. The "anna" has been pretty popular in the mainstream media and Rahul Baba's campaign could not be allowed to be overshadowed by an aging octogenarian who's got nothing else to do in the sunset of his life.

On the other hand, the "law has taken it's course" by giving bail to nearly all in the 2G scandal. This would have definitely raised eyebrows because all of them are influential and could manipulate the trial to their advantage. Nevertheless, it only smacked of a vicious witch hunt where the "less than key" players were hung up to shame and then released later down the line.

The Congress is hell-bent on pushing through its proposal for foreign direct investment (FDI) in retail. It says the move would create jobs and curb inflation besides creating infrastructure which the agriculture sector lacks. However, the bigger motive is to fight the overwhelming perception that the government is caught in a policy paralysis and is unable to take decisions.

No one knows how long the parliament would be stalled in this session or whether any meaningful transaction would be allowed to done.

Interestingly, in an earlier meeting headed by Murli Manohar Joshi rejected the FDI proposal and UPA I (and II) didn't have a murmur of protest. This FDI clause and resultant tamasha only smacks of taking the public for the ride. Of course, we deserve this because we chose to elect them in the first place.

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