Avoiding diesel price hike, the UPA reveals its desperation

You know a government is in dire straits when it has to put off a long-settled 50-paise monthly diesel price hike to buy goodwill in the upcoming election. After the growth rate slipped below 5 per cent in the first two quarters of 2012-13, the UPA finally got a grip on itself and committed to a set of reformist adjustments.

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