Saturday, May 3, 2014

PC’s model code

.......When elections are held over as many weeks as they are, the FM has said, it is a bad idea to not allow the government to function during this period. The Election Commission, for instance, told the government that it could not implement the Rangarajan committee’s recommendation on hiking gas prices. Fortunately, the EC allowed RBI to go ahead with issuing bank licenses, but it was pretty much touch and go for a long time. At a time when the economy needs the government to be taking quick decisions, it cannot be subject to such restrictions. No one doubts the EC’s intentions, but complex decision-making cannot be subject to what the EC decides—........

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