ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Negotiable Certificate of Deposit- A New Monetary Instrument

recognises that in Indian culture high ideals have always been stressed and the ideological stance has always been moral, in spite of the general permissiveness towards faults and imperfections. He is also happy at the growing issue orientation in Indian politics, particularly in the post-fourth general election period. According to him, again, the days of ideology are not over in developing countries where it has still "to continuously endow politics with a moral purpose" (p 451). Democratic polities in a developing country still needs an ideological utopia and yet Rajni shudders at the prospects of ideological polarisation which to him would spell chaos. One, therefore, begins to feel that in his case consensus itself is the ideology. He is also perhaps not making a distinction between system consensus as enshrined in the preamble of the Constitution of India and consensus among political parties. One may hypothesise that ideological polarisation among political parties may serve the cause of system consensus better than ideological ambivalence which would be another name for consensus as an ideology. It may also be pointed out in this connection that polarisation may not always be bi-polar as Marxian theorists would postulate, it can be tri-poiar and even multi-polar.

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