Coalition Politics Damaging Govt's Credibility : Parekh

Financial services major HDFC Chairman Deepak Parekh suggests that the government’s authority and credibility has been damaged by coalition politics and feels it is a case of the “tail wagging the dog.”

Terming 2011 as a bad year to forget about, the eminent banker said the government’s image has been tarnished due to the fiasco over retail FDI (Foreign Direct Investment) and hoped the government would push again for this decision by June, as well as fast-track other reforms soon.

“It (the government’s authority and credibility) has been damaged, but first of all, there is a coalition government and partners with minor seats and less number of seats dictate policies, rather than the party with largest number of seats.


From: http://ping.fm/l4wlQ