Best of BS Opinion: Strengthening financial sector, no solution yet & more

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

Reserve Bank of India (RBI) Governor Shaktikanta Das recently noted that good governance was necessary for a well-functioning and resilient financial institution. The RBI, however, does not have adequate powers to regulate public sector banks (PSBs), which often function with vacancies in the board and top management. In this context, our lead editorial notes that since the condition of PSBs is important for the flow of credit in the Indian economy, it makes sense to bring them on a par with private banks in terms of regulation. This will help improve the overall health of the banking system in the long run. Read here

In other views:

Economists Dharmakirti Joshi, Dipti Deshpande, and Amruta Ghare argue why the current high tide in global growth and trade offers an opportunity for India to get its exports strategy in order. Read here

Air pollution in the National Capital Region has gone from bad to worse. Our second editorial notes that lack of leadership causes this annual air crisis. Read here

QUOTE 

 

“We must think about ramping up domestic manufacturing of key ingredients for vaccines and medicines. This is one frontier that India has to conquer.”

 

Prime Minister Narendra Modi