<> Own experience but in relation to banking provokes one to seize the opportunity, and quite agree and endorse what BSR said; the self -same 4 atrributes proven to apply on all fours / with full force to that ilk within the portals of RBI.The proposed laws have long-term implications requiring a broader consensus than can be achieved through promulgation of ordinances. »
"Under the circumstances, the Government may well be tempted to enact crucial laws...... It must desist from doing so. Not because having advanced the closure of the Budget session two days before schedule, it has lost the moral authority to issue ordinances on grounds of policy exigencies."
If one remembers right, in the opinion of a mature and renowned constitutional law expert - no less a personality than (late) N A Palkhivala, as gathered from his speeches /articles on the related topics,
"ORDINANCE" is, even otherwise / for other obvious sane reasons, not to be lightly treated as an alternative open / coming-in handy, to "LEGISLATION" . For that is the exclusive prerogative of the Parliament. In a layman's words, -doing so will be tantamount to thrusting upon the people any such crucial law of national importance, having the farthest reaching consequences it is potent with, without due deliberations / debate as ideally expected of. That is, none can deny, no less objectionable to or obnoxious than gaining entry into a restricted area through back door, after scaling the protective wall or fence around to prevent trespaass.
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