Make-believe solutions

The government has been trying to get rid of the impression that it is caught in “policy paralysis”. Troubled airlines are to be rescued from their follies, and power stations are to be assured supply of coal, while new policies have been announced for manufacturing, telecom, fertiliser… The frustrating result: solutions that look suspiciously like non-solutions, like the Railway Budget that has managed to do what no train does (go in reverse gear), and the opening and then quick slamming shut of doors for foreign investment in retail trade.

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