Opinion Best of BS: The Rebalancing Act, The Supply and Payments Crisis, and More

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The Reserve Bank of India’s (RBI) new currency and finance report, released last week, strongly advocated the rebalancing of monetary and fiscal policy as the economy recovers from the disruption caused by the pandemic. The first edition explains why it is vital for the government and the RBI to withdraw political accommodations now. Read it here

In other views:





the second edition emphasizes that the growing gap between electricity supply and demand has once again revealed systemic weaknesses in the electricity sector. Read it here



Ajay Shah says optimism about Indian corporate revenue growth and profitability must be tempered by an appreciation of three key external threats. He describes them here



Sunita Narain stresses that the whole edifice of global cooperation is crumbling at a time when the challenges of climate change demand greater international cohesion. Read it here



Tamal Bandyopadhyay explains the implication of the Reserve Bank of India’s decision to release lending rates for micro loans last month. Read it here


QUOTE OF THE DAY



We are very clear that we will not allow any change in the status quo and any loss of territory’


Army Chief General Manoj Pande

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