 "Best of BS Opinion: Covid's China syndrome, hedging risks, and more")
The explosion of Covid-19 cases in China has raised fears of a return to the late-2019-early-2020 crisis and the prospect of a renewed outbreak in India cannot be ruled out. Given the store of experiential knowledge the country has gained, it is possible to ensure that recent history does not repeat itself. Though the government has moved quickly to deal with the crisis, the fact is that the move towards the third booster dose has lagged after the government closed the free vaccine window. It is essential to revive this as well as enforce masking and social distancing norms , the top edit says. Read it here
In other views:
Naushad Forbes says though the economy has bounced back from Covid, the recovery is incomplete and old problems persist. Read it here
Amit Kapoor and Bibek Debroy examine how municipal finances can be better sourced and deployed to revive urban local bodies. Read it here
The second edit explains why Sebi’s decision to extend futures trading on key farm products is unhelpful. Read it here
QUOTE OF THE DAY‘The fact of elections coming up in 2024 is not a factor at all so far as monetary policymaking is concerned’RBI Governor Shaktikanta Das at Business Standard’s BFSI summit
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