The Needle’s Eye
It’s the Magical Mystery Tour 

This government’s been raising expectations, not the economy  The government’s ‘Saaf Niyat, Sahi Vikas’ (Clean Intent, Right Development) campaign is expectation management in an election year.  Nineteen months after demonetisation, we still do not have a final count for the total volume of banned currency notes returned to the nation’s banks.   Are we really a…

The Needle’s Eye
The Thirty-nine Steps: Why PM Has to Worry About Recency 

In business, especially in human-resource management, appraisers are cautioned to evaluate an individual’s or department’s performance over a sustained period and not let ‘recency’, the most recent events (especially the turbulent ones) colour their judgment.   I was reminded of this axiom by the Narendra Modi government’s current stint in Trishanku’s heaven. For those of us…