Best of BS Opinion: Effects of overcapacity, Crucial choices and more

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

The 54th meeting of the Goods and Services Tax Council made some progressive decisions designed to introduce much-needed efficiency in the taxation system. But  the council will have some more crucial decisions to address in the coming months that are being studied by different groups of ministers, such as the GST on insurance, rate and slab rationalisation and the vexed issue of compensation cess. All these are vital issues that will make the GST system more efficient and improve overall tax collection, the top edit says.  Read it here

In other views:  

Ashok Bhattacharya explains how this year’s Budget makes a move towards greater transparency. Read it here

Ajay Tyagi focuses on the need for India to have a quantifiable and monitor-able plan to meet international climate commitments and facilitate smooth transition to a low-carbon economy. Read it here

The second edit argues that the government must find ways to cope with the China “rebalance”.  Read it here

QUOTE OF THE DAY

 

‘Entire families disappeared in the Mawasi Khan Younis massacre, under the sand, in deep holes’

 

Gaza official after Israel’s bombing of a safe zone