Karnataka minister KS Eshwarappa’s complaint to the governor against CM BS Yediyurappa highlights the internecine war in BJP that has debilitated governance. Yediyurappa faces a crisis of credibility, with scandals defining his government and corruption cases returning to haunt him. BJP high command’s silence has a loud message for him.
By rolling back small savings rate cuts, Modi govt has damaged its image as a bold reformer
Modi government has greatly damaged its self-image and commitment to reform whatever the political risks. Holding back labour codes after farm laws means two boldest reforms are frozen. Now, by rolling back small savings rate cuts, it has behaved like any other government on election-eve, not a particularly strong one.
Modi govt retaining 2-6% inflation target is wise. RBI now must balance growth and inflation
Modi government’s decision to retain the 2-6% inflation target for RBI for five more years is wise. Flexible inflation targeting has worked well in its first five years and prevented high and volatile inflation. The task for RBI now is to ensure the right balance between growth and inflation control.