<b>Editorial:</b> For monetary stability

This is a bad idea, and not because Dr Reddy has done poorly as governor. The simple reason is that no one knows whether a stable government will be the result of the next Parliamentary elections. It is entirely conceivable that both the principal parties around whom the two main coalitions converge, namely the Congress and the Bharatiya Janata Party, find that they have fewer seats in the next Lok Sabha than in the current one (where, between them, they account for barely half the seats). If the continuing decline of the two main parties (to no more than 125 seats each, say) is mirrored by the simultaneous rise to even greater importance of the regional and caste-based parties