Best of BS Opinion: A new fiscal road map, emission reduction, and more

Here's a selection of Business Standard opinion pieces for the day

The government is reportedly planning to loosen the inflation tolerance band for the Reserve Bank of India (RBI), which is due for a review in March next year. However, a new working paper by RBI Director Harendra Kumar Behera and Deputy Governor Michael Debabrata Patra has advocated maintaining the 4 per cent inflation target. In this context, our lead editorial argues that while it is important for the government to preserve one of the most important reforms in recent years, it is also critical for the central bank to gauge the inflation trajectory more accurately as monetary policy works with a lag.
 

Other opinion pieces for the day talk about the fiscal situation and electric vehicles. 
 

Taxation and spending outlays usually become key focus areas of all government budgets as they directly impact both the taxpayers and non-taxpayers. But for the Union Budget for 2021-22, to be presented about a month from now, there will be an additional focus area. This pertains to the need for reviewing the legal framework for the government’s fiscal consolidation road map, writes A K Bhattacharya
 

A supportive environment for the transition to a low-emission transport sector in India requires a great deal more than is currently being envisaged, notes our second editorial

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“The disruption of telecom services, which are considered 'essential' under various enactments, is causing immense inconvenience to the common man for whom the mobile services are so essential."

COAI's Director General SP Kochhar