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Quick Edit | The republic of spin

Quick Edit | The republic of spin
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First Published: Fri, Jul 24 2009. 11 52 PM IST
Updated: Fri, Jul 24 2009. 11 52 PM IST
Spin can never be a substitute for coherent policy.
The government is trying to explain away the howler it committed in its joint statement with Pakistan: delinking peace talks from the issue of cross-border terrorism and implicitly accepting that there is an Indian hand in the rebellion in Balochistan. The foreign policy establishment has put out the disingenuous explanation that the joint statement is a diplomatic paper and not a reflection of government policy!
Earlier, the finance ministry gave a spin to the issue of how the fiscal deficit is to be funded, arguing that the open market operations of the Reserve Bank of India are not monetization. Most economists disagree.
The previous edition of the United Progressive Alliance government tried to hide a fiscal deterioration despite record tax revenues in the economic boom by hiding part of its debt outside the budget and showing healthy public finances.
Spin is more welcome in cricket matches than in national affairs.
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First Published: Fri, Jul 24 2009. 11 52 PM IST