Best of BS Opinion: Bad loans, the RARE model in India, and more

Here are the top BS Opinion articles of the day.

Delays in the resolution of bank loans are not an unmitigated evil. They work alongside economic recovery. Uddalok Bhattacharya sums up.

We must expect delays and other complications in any judicial or quasi-judicial process in the country, says T T Ram Mohan. Banks’ best bet is to act on the principle that prevention is better than cure. READ MORE...

Gurbachan Singh: There is no pressing need for foreign exchange reserves. India can do away with the prevailing RARE (Reserves for Atmanirbharta, Ratings, and Exchange rate stability) model of reserves, though in a phased manner. READ MORE...

While the recovery in (consumer) sentiments in July is impressive, it needs better traction in the critical income groups, says Mahesh Vyas. READ MORE...

QUOTE OF THE DAY

 

He (Minister Piyush Goyal) shared his anguish about small traders and small businesses. It was with the clear intention of wanting to appeal to industry to also help small industry

 

Finance Minister Nirmala Sitharaman