 "Best of BS opinion: Simultaneous elections, pharma regulation & more")
As widely expected, the high-level committee chaired by former President Ram Nath Kovind set up to study the possibility of simultaneous elections for all three levels of government has unanimously endorsed the idea and recommended the way forward. Despite the merits of the idea, political developments, such as the early dissolution of a state Assembly or the Lok Sabha, may need to be accounted for. It is important, therefore, says the top edit, that the recommendations are taken forward only with wider political consensus. Holding simultaneous elections is not an end worth achieving if it undermines democratic values, the edit says. Read it here.
In other views:
The second edit suggests the RBI should focus on spreading financial awareness and enhancing financial literacy. Read it here
Ajay Kumar outlines a strategy to make India a viable and dynamic manufacturing base. Read it here
K P Krishnan discusses the complex challenges of pharma regulations in India. Read it here
QUOTE OF THE DAY
“There’s little bit of froth in low floating stock counters”
Nilesh Shah, MD, Kotak Mahindra Asset Management Company