Indophiles

Sunday, January 15, 2006

Chidambaram voted Asia's best FM of 2005

Indian Express reports, "Finance Minister P Chidambaram has been named the Finance Minister of the year 2005 for Asia by Banker magazine for pushing reforms and reining in fiscal deficit.The Financial Times group magazine applauded Chidambaram for his determined pursuit of reforms, but said it is not just that which earned him the award.

According to the magazine, he is unapologetic for the fact that democracy--coalition partners, the Opposition and a free press that all have to be listened to and carried along--is the main reason why reform has not been swifter.In India, successfully making the case for reform is far more of a skill than knowing what reform to seek, the magazine said."

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