Testing Times For CBI, RBI | Decaying Institutions | India Development Debate
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The ghost of policy paralysis is back! With election season fast approaching, politics has clearly taken the centre stage, giving lawmaking and reforms a short shrift. Not just that. Premier institutions like the RBI and CBI are facing a credibility crisis of sorts, with the Modi govt looking to micromanage them even at the operational level. Like never before, the bickering between the govt and the RBI has come out in the open, while the CBI remains rudderless thanks to high level of political meddling. And with elections round the corner, no one is expecting big-ticket reforms in the coming months. Looks like the economy is being held hostage to petty politics once again. Reforms at the risk of petty politics, that is what Supriya Shrinate is discussing on this India Development Debate.
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