Reforms stalled in the regime of Opposition
Tuesday, December 20, 2011
What did not work for the India story, talking about reform without the BJP's say so. The opposition's power to spoil the show for the ruling party has some parallels in both Indi aan dthe USA, the GOP true to its electoral promises , in the way of anything that could make the government work and BJP discovering their own boundaries for reform on the Land and mining bills, the Pension Bill, the anti Graft bills and more.
The result, The $2 bln of FII cash locked up is hardly a concern but the next $20 bln s going to wait till we can see the cogs of government moving. India's Food Security bill , reforms for Infrastructure funding and even the Companies bill are other likely soft targets that have no political sides as of yet but will likely be handy tools to stall the Congress - UPA government.
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