All Eyes Remain on Delhi
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Surprise, surprise, the Fed's taper is finally lit. But everyone has been on about it for so long that no markets were harmed in what was expected to have been a conflagration for developing economies. Cycling rapidly through CNBC-TV18, NDTV Profit and CNBC Awaaz just after the opening bell on Thursday morning, one found them reporting, with surreal equanimity, markets falling across Asia, led by banking scrips and the Indian bourses. Awaaz gave it away, admitting that everyone had worked the taper into their calculations long ago.
While the economy knew what it was doing, politics remained the realm of the incalculable. Would Kejriwal, would he not? That remained an obsession for the media, with India News revealing yesterday morning that he was done polling the people of Delhi on government formation, that 75 per cent of respondents had said aye, and that an announcement was imminent.
Then cape fear swept the media as the AIADMK suggested that Jayalalithaa would make a fine PM. Anyway, the field is already such a shifting landscape that the list of contenders on a programme on ABP News included — entirely in jest, one hopes — Prakash Karat.
All eyes remain on Delhi and specifically on serial interviewee Arvind Kejriwal. Barkha Dutt did him first, then Arnab Goswami did him first again, just to make sure. Rahul Kanwal did him yet again. The habit was catching. This edition of Khas Mulakat brought out the inherent paradox that Delhi may face, with Kejriwal clearly saying that if the Aam Aadmi Party formed a government with allies, it would ungratefully seek out scams spawned by the Congress in the 15 years of the Sheila Dikshit government, and underhand dealings in the seven years when the BJP had control of the municipal corporation. He promised to be even-handed: no witch-hunts, just a general slaughter. Which partner would seek such a dangerous liaison? And yet the Congress has not withdrawn its offer of unconditional support.