THE DARK KNIGHT STRIKES AGAIN

As the nation woke up the economic index began the slide southward.

It had all the trappings of a midnight political drama, which in any case it was.

The steady tunneling that was carried out by the political bosses had finally created enough of hollowness under the foundations of the institution. The dome crumbled under its own weight. The institution lay exposed. The government tried its best to find the proverbial fig leaf to cover itself. Unfortunately, it managed to get a tulsi leaf for a substitute. It will be a herculean task to justify with the chosen leave to save face when the matter comes up for hearing on Friday in the Supreme Court.

Gangrene spreads

The two top officials at the apex of the CBI organization set in a gangrene growth threatening a body blow to the very life of the institution. The rate of spread affected the government body. The bleeding was uncontrolled as facts started spilling out bring out the rot that had set in by the infusion of the virus. The septic open ulcer clearly exposing the physiological rejection of the doctored implant by the organic body structure of CBI.

The Gujarat model of governance had arrived nationally. The consequences were the same. The way cases could be crafted, evidence designed for desired outcomes

Aristotle’s words of wisdom ring true – “power corrupts and absolute power corrupts absolutely”

The actors must be credited for the mastery in having perfected the science of psychological and circumstantial manipulation into an impossible art. Alas, there were too many inbuilt contradictions to the objectives and ethics of the grand old institutions.

Industry loses confidence

This is one episode that will have far-reaching ramifications for the economy. The confidence index is going to take a huge hit. Investments that are already in a state of limbo will further dry up given the question mark that has come upon the viability of the prime minister and his ability to lead the party into the next election. The maverick party president not being discounted at this stage.

There seems this could be the last stitch that will entangle the knot the holds the possibility. The joblessness and the farmer’s impatience will overwhelm the economy. There seems no respite from global indicators either. The NBFC and IL&FS have already hit the SME sector hard. So there is no light at the end of the election tunnel for industry or business. The firecracker industry is on fire.   

The common man’s resilience and inflection point is stressed to the limit of endurance. The media management is already slipping as negative bits have multiplied compared to what it was even a month back. The government and party spokesmen are getting shriller on TV panels, unable to deflect the flak. “No news is good news” can well be the governments by line today.