Best of BS Opinion: Reforming rating agencies, monsoon variables, and more

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

Two articles today capture some of the possibilities before the G20 under India’s leadership.

T T Ram Mohan: The world cannot afford frequent bouts of instability in Western economies and their spillover effects on other economies. India must use its presidency of the G20 to highlight the banking practices at the RBI, from which other banking systems might benefit. Read here

Poonam Gupta: Reforming the rating agencies seems like a low-hanging fruit in order to make the world a fairer and flatter place. The G20 could help by establishing a committee to identify best practices for risk weighting and regulation at the national level. Read here

The first edit deals with monsoon variables and says the spread of rain is more important than total precipitation. The second edit cautions about complacency in Covid handling. Read here

QUOTE OF THE DAY

 

Commonly, any illness affects the children and elderly. But there is no information coming in from experts that says that the Omicron XBB.1.16 variant infection is more severe among children.

 

Delhi Health Minister Saurabh Bharadwaj