One nation, one election is a bad idea born out of flawed reasoning. Benefits are overstated and based on convenient projections and presumptions. Five year tenure security is no insurance against policy paralysis. It’s anti-people as they’ll lose their right to reward or punish the ruling class at regular intervals.
RBI repo rate had no impact on slowing credit offtake. Refusal to cut rates has done more harm
RBI’s high and unchanged repo rate has had no impact on slowing credit offtake, ThePrint’s analysis shows. Instead, other tools like discouraging unsecured loans did the job. RBI’s stubborn refusal to cut rates has done more harm than good. It needs to be more agile to navigate the growth-inflation dynamics.
Unipolar moments are not permanent in Indian politics. Recall L K Advani’s hubris in saying that there are two poles in Indian politics, Congress the minor one, and that the BJP is the natural party of governance. One the eve of the party spending a decade on the opposition benches. Which was of course a dramatic improvement over 2 seats in 1984.