Worst instincts

Why, under the United Progressive Alliance, does even the most basic economic transaction seem to need government action? Why must a statist song-and-dance accompany normal market activity, and everything be presented as requiring a “clearance” or “concession” of some sort? For evidence of the lacklustre commitment to market principles — and to simple, firm decision-making — of UPA 2, consider one example, the Cairn-Vedanta deal.

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