Reforms: UPA can go ahead if it wants

Going by the way the stock markets continue to tank, not too many investors seem to be buying the finance minister’s assurance that, regardless of the DMK’s exit, it will be business as usual. Nor should they since, given the large differences between the UPA’s outside supporters—the BSP and the SP—and their stated positions on various Bills like the insurance and pension ones, it doesn’t look likely the UPA is going to be able to get much of its legislative agenda through. And that’s assuming the government lasts its full term—the CBI raids on DMK party treasurer MK Stalin suggest this could be an uphill task.

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