Best of BS Opinion: Reflection of time, irreversible damage & more

Here are the best of BS Opinion pieces of the day

The first edit here talks of the role health care firms played during the pandemic. The second edit highlights the dangers that the melting of glaciers poses. Read it here

Sajjid Z Chinoy: If the shock (caused by the Ukraine war) lingers and keeps the current account deficit elevated -- as seems increasingly likely -- India should welcome a calibrated real depreciation of the rupee. Read it here

Nitin Desai: A change in consumption patterns of the rich is as essential for climate mitigation as supply-side innovations and even more crucial for climate justice. Read it here

CKG Nair & M S Sahoo: Untamed inflation, even transitory, and inflationary expectations self-feed and produce inflation tornadoes, dimming the credibility of the central bank -- a harsh reality being faced even by the powerful US Fed, with some experts calling it consistently behind the curve. Read it here

QUOTE OF THE DAY

 

There is what Russia says and there is what Russia does, and we’re focused on the latter.

 

US Secretary of State Antony Blinken