UPA prepares poison pill for 2014 election

The next Government will inherit the most troubled economy in two decades. No new Prime Minister would have entered office in such challenging circumstances, except Nehru in 1947 and Narasimha Rao in 1991. Speaking privately earlier this week, an erudite MP — from a non-Congress, non-BJP background —described the UPA Government’s binge of populist legislation as a “poison pill” approach. In management jargon, the ‘poison pill defence’ is deployed when a company is faced with a hostile takeover.

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