Regardless of FM, UPA will be slow to reform

On Tuesday, Pranab Mukherjee resigned as finance minister in order to stand as the ruling United Progressive Alliance’s (UPA’s) candidate for the post of president. It is expected that the finance ministry will be handled for some time by Prime Minister Manmohan Singh. This has given rise to expectations that pending reform will be speeded up, and the problematic recent drift towards control and confusion in policy making reversed.

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