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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