Elections usually mean open season on competing offers of freebies – free power, water, laptops, or just monetary incentives – from political parties.
Though this has become par for the course, the top edit cautions that they can be fulfilled only at the cost of destroying states’ fiscal capabilities. Read it here
Here are the other views:
The IT industry could be an outlier that helps to prop up the Indian economy even if domestic growth is slowed down by Omicron, the second edit says. Read it here
Ever since the insolvency law came into effect, there has been intense debate over the need for a professional code of conduct for the Committee of Creditors. How should this regulatory gap be bridged? Which institution should be responsible for monitoring them? C K G Nair and M S Sahoo, respectively a member of the team that designed the insolvency law and the first chairperson of the Insolvency and Bankruptcy Board of India, discuss the options. Read it here
T T Mohan Ram explains why a credit guarantee scheme, similar to the Emergency Credit Line Guarantee Scheme (ECLGS) extended to small and medium enterprises (SMEs) last year, could give the housing sector a boost. Read it here
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.