Costing policy paralysis

While most routinely use the term ‘policy paralysis’ to describe what’s happening in the government, from time to time the government has reacted with a flurry of meetings and decisions to show this is not quite true—so you have the PMO asking Coal India to sign fuel supply agreements with power generators and even following this up with a presidential directive when CIL’s directors demurred, and you have a package for Air India’s revival coupled with a likely decision to allow foreign airlines to invest in Indian ones … Whether the flurry of decisions, such as on GAAR or the Vodafone retrospective tax amendment are to be seen as investor-friendly—certainly they suggest there’s no policy paralysis on certain matters!—is of course a different matter.

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