AAP defeating BJP in MCD, unseating it from power anywhere for the first time, is momentous. It’s exposed chinks in Modi-centric strategy in local elections. AAP has proven that it’s a long-term threat to BJP and other parties. Gujarat will give further clarity but a new pan-national party is born.
Protests against Vizhinjam project should never have started. India needs ports
The 138-day protests against Vizhinjam port project have ended. Not a day too early. India is under-leveraged in port capacity. The church-fuelled protests should never have started, they caused damage for critical infrastructure projects in Tamil Nadu too. Vizhinjam enjoys unanimous political support. Religious groups have no role in this.
RBI going for 35 bps hike hints worst of high inflation is behind us
RBI’s 35 bps rate hike, less than 50 bps it has been implementing, suggests the worst of high inflation may be behind us. The World Bank raising FY23 growth estimate to 6.9%, Fitch retaining it at 7% are reasons for cautious optimism. Now for Budget 2023 to steady the ship.