Price controls and dual mindsets (editorial)
For a reforming Economy, India is letting a lot of things occur in the marketplace that evokes for it the adjective "dysfunctional'. They serve neither social purpose nor make any economic sense, and smack mostly of arbitrary political interventionism. On a larger plane, the economic policy framework is now avowedly market-based and opposed to any form of strategic intervention. Weaving social objectives into economic policies is frowned upon. The agenda of economic reform does not include social interventions like the NAC's employment guarantee scheme and so on.