What is a Political Party: A political party is a group of like-minded people who work together to win elections and form the government. Political parties compete against each other for political power and for the ability to put their philosophies and policies into effect.
This is an excerpt from a speech India’s Reserve Bank of India chairman Raghuram Rajan delivered this week. The full text is available here. Even as our democracy and our economy have become more vibrant, an important issue in the recent election was whether we had substituted the crony socialism of the past with crony […]
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