"Take recent events, not FDI, but in the pensions reform, some halting steps were taken. Somebody vetoed. And a very small party now, a small political formation, is able to veto policy," Chavan said.
He, however, did not name Trinamool Congress.
The Chief Minister was speaking at a conference here which was attended by Deputy Chairman of Planning Commission Montek Singh Ahluwalia.
"There is also a question of political stability... keeping a government going or not, not forcing an election if it comes to that. One has to weigh the consequences of a harsh policy decision which is opposed by many. That's the politics of economic reforms," Chavan said.


