Saturday, January 03, 2015

Concern Govt Agenda Faltering

Concerns are rising over the current Indian govt's ability to deliver on its agenda, after the Winter session of parliament ended without any of the planned major bills like Insurance being put through:

Simultaneously, Finance Minister Arun Jaitley has stepped up rhetoric on promises that great things are in the offing, which seems to indicate that the govt is acutely aware that concerns are rising among investors:

The least that could have been done was for Rockstar Rajan to give us an interest rate decrease - but no, apparently he's too pious for that. He seems to think that he's dealing with an American-style economy, instead of an Indian one riddled with middlemen that only aggravate inflation.

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