ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Down the Slippery Slope

the last 30 days have been "most productive" in terms of the number of reform-oriented decisions taken by the government. He made this claim in response to a query at a press conference on January 30 about the prime minister's failure to announce the promised package of measures to boost the capital market before his departure for the World Economic Forum meeting in Davos (after having already gone back on the commitment twice earlier). According to Chidambaram, "we have taken more decisions in the last 30 days than in the last 30 weeks or 30 months...Together, I believe, this constitutes a comprehensive and cohesive package of reforms". Ignoring the finance minister's boastful tone, it is a fact that the United Front government has been particularly active in pushing ahead with the so-called reforms in January. The half-hearted protests of the left parties notwithstanding, the three pro-reform enthusiasts in the government, namely, Deve Gowda. Chidambaram and Murasoli Maran, have succeeded in pushing the economy significantly further along the path of globalisation. Those constituents of the UF who feel uneasy about this course have evidently been daunted from pressing their opposition by the supposed threat from the Congress(I) that it might withdraw support to the government if the latter did not show sufficient dispatch in moving ahead with the reforms.

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