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Best of BS Opinion: A tale of two taxes, India's FDI flows, and more

Here's a selection of Business Standard opinion pieces for the day

Most global markets, too, fell and the US dollar strengthened as investor sentiment took a hit amid signs that the second wave of infections is hampering reopening plans across the world
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Uddalok Bhattacharya
Streamlining taxes and industry regulation is easier than tweaking FDI policy because the latter is bound up with geopolitical issues. Uddalok Bhattacharya sums up

Minimum alternate tax is beset with many issues, says Parthasarathi Shome, but there are ways of turning around the situation Read here

In the government’s review of its FDI policy, some trends deserve a closer study, says A K Bhattacharya. The conclusions should help formulate a stronger policy.  Read here

China’s growing economic and military strength has resulted in drastic changes in the regional configuration of power, which must prompt India to change tack. Harsh V Pant & Vinay Kaura explain  Read here

India’s creative industries need regulation that helps them grow, not one that micro-manages them or neglects them, says Vanita Kohli-Khandekar  Read here

QUOTE

I am sad to see @SachinPilot leave @INCIndia. I consider him one of our best & brightest, and wish it had not come to this. Instead of parting, he should have joined the effort to make the Party a better & more effective instrument for his, and our, dreams.

Congress leader Shashi Tharoor