CWC reaffirming faith in the Gandhis’ leadership was predictable. They are an electoral liability but Congress can’t find an alternative. Their indispensability makes its existential crisis more acute. Holding a ‘chintan shivir’ to introspect is a good idea but who will address the elephant in the room: Rejection of Gandhis?
EPFO interest rate depends on earnings not politics. Slashing makes economic sense
Political criticism of EPFO lowering interest rate to 8.1% from 8.5% is just that, politics. Real rates have crashed and even 8.1% is high across categories. EPFO interest payments depend on its earnings and 8.5% would’ve caused a deficit. Social security is critical but it should also make economic sense.