MMS and his govt in hibernation

US think tank sees a ‘vacuum’ there

prasanna

Prasanna Mohanty | April 20, 2012



If you thought the phrases like “the weakest prime minister ever”, “policy paralysis” and “United Paralysis Alliance” are the language of the political adversaries, think again. Even those closest to the prime minister, Manmohan Singh, and his government have come to the same conclusion. The language may be different but the message is equally, or even more, blunt.

In fact, Friday’s newspapers delivered a double whammy. Kaushik Basu, a brain trust of Manmohan Singh and “chief economic adviser to the prime minister”, featured on the front page confidently telling a Washington-based think tank that no major economic reform is likely to happen in India before the general elections of 2014.

Addressing a meeting at Carnegie Endowment for Internal Peace in Washington, Basu said various scams had so impacted the psyche of the bureaucrats that they didn’t want to take any risk. Betraying a sense of frustration with the current state of affairs, he said, “you would see a rush of important reforms” post-2014 because there was a sense that reforms needed to pick up. Until then, only some minor reforms might get through, he added.

But no such beating around the bush for an American think tank, US India Business Council. In a secret memo to president Barack Obama, the council said there was a “vacuum at the Centre” in India.

The council is the apex body of American corporates doing business in India. It made clear what it thinks of the Manmohan Singh government: “What is apparent is that political power is devolving to strong state leaders, and the vacuum at the Centre is allowing forces in government to move on issues that are harmful to India’s investment climate.”

Unlike Basu, the council sees a silver lining though in the recent assembly elections, which, its memo said, indicated that the people were hungry for progress. Incidentally, the Congress and its allies got a drubbing in these elections.

Both Basu and the council know what they are talking. We can take their words at face value. While Basu is part of the government’s drive to usher in reforms the council is involved in framing those very reforms. It had played a key role in the passage of the Indo-US nuclear deal in 2008 and has deep ties with the current dispensation.

So, dear readers, have no illusions and don’t blame LK Advani and others. We have it now from the authoritative sources. Wait patiently until 2014 or go watch a movie. There isn’t much of a choice really.

Comments

 

Other News

Retail inflation crosses 6% mark

Retail inflation based on Consumer Price Index for October has reached 6.09%, whereas year-on-year food inflation, based on Consumer Food Price Index, for October is 8.94%, an official release said on Thursday.   Year-on-year inflation rate based on All India Consumer Price I

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter