Best of BS Opinion: Limits of progress, primary market stability & more

Here is the best of Business Standard's opinion pieces for Thursday

The banking sector was expected to suffer significantly because of the pandemic-related economic disruption. India opted for one of the most stringent lockdowns in 2020 to contain the spread of Covid-19. Even as the nationwide lockdown was gradually lifted, local restrictions remained in various parts of the country for quite some time, which affected businesses. However, data shows that the impact on banks has been limited so far. Our lead editorial highlights the kind of challenges that the banking sector would face in the coming quarters. Read here    

In other views:

The Securities and Exchange Board of India has made a number of changes to the primary market processes and regulations of preferential allotment. These broadly serve the purpose of transparency, and could reduce price volatility in newly listed issues, notes our second editorial here.

Harsh Pant talks about the changing global order. Read here 

QUOTE OF THE DAY

 

“Entrenching the recovery hinges on revival of private investment and shoring up private consumption, which remain below their pre-pandemic levels.”

 

 RBI Governor Shaktikanta Das