Look closer home

With the rupee nosediving and foreign investments drying up, finance minister P Chidambaram and commerce and industry minister Anand Sharma are on an unprecedented four-day journey to Washington, to try and drum up positive sentiment for India. The government certainly needs to go all out to charm US interlocutors and lure investors, to halt the sustained depreciation of the rupee and stem the growing despondency at home. Similarly, the prime minister may be on the right path by pushing for 100% FDI in telecom.

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