Best of BS Opinion: Air India privatisation, e-com debate in India & more

Here are the top BS Opinion articles of the day

The acquisition of Air India by the Tata Sons’ subsidiary Talace may mark a somewhat expensive homecoming for the former Tata Airlines after 68 years of state ownership. But the sale of the struggling airline, which has sucked up crores of taxpayer money over the years, is an excellent signal for the government’s broader disinvestment programme, says the top edit. Read it here...

Tamal Bandyopadhyay explains why privatisation in the banking sector is a deeply challenging exercise. Read it here...

Debashis Basu makes the case for abolishing the concept of face value in publicly listed shares. Read it here...

Ajit Balakrishnan views the current headline-attracting controversies around e-commerce and suggests that instead of curbing the most significant global transition since the industrial revolution, it would make more sense to “re-examine our industrial era versions of India’s Competition Act, Information Technology Act, and similar statutes, and ensure a smooth transition to the information age”. Read it here...

The second edit points out that the Reserve Bank of India has provided a road-map to reduce liquidity in the system which was not really helping the real economy but amplifying instead consumer and asset price inflation. Read it here...

QUOTE OF THE DAY

“In effect, neither there was, nor is there any crisis”

 

Union Power Minister R K Singh