Best of BS Opinion: Nationalism and democracy, merger musings & more

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

Recent stress tests indicate that there is greater risk in smallcap funds, especially in funds with a low liquidity profile. In this context, our lead editorial notes that the stress tests are an indication for both the fund houses and the investors. Fund houses may contemplate inflows only to an extent that is manageable. For investors, it once again underlines higher risk in small caps. Even while investing through mutual funds, investors must aim for a diversified holding. Read here

In other views

In a thriving democracy, free and fair elections are vital, but so is strengthening constitutionally empowered institutions, writes former foreign secretary Shyam Saran. Read here

Reliance Industries is making its biggest bet ever in the media sector in which it previously only had a minor position, writes Vanita Kohli-Khandekar. Read here

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“Even as inflation is on the ebb with broad-based softening of core inflation, the repetitive incidence of short amplitude food price pressures deters a swifter fall in headline inflation towards the target of 4 per cent.”

 

March Bulletin of the Reserve Bank of India