Best of BS Opinion: Consumption remains weak, India-UAE trade deal & more

Here are the top BS Opinion articles of the day

The manner in which ABG Shipyard has defrauded public and private sector banks would put diamantaire Nirav Modi in the shade. Tamal Bandyopadhyay explains the modus operandi this biggest known case of bank fraud in India. Read it here

Ajay Shah traces how bank financing of firms has retreated in favour of equity, resulting in a respite from the twin balance sheet crisis. Read it here

The second edit says third-quarter corporate results shows that inflation is biting, which may slow the pace of economic recovery. Read it here

Surinder Sud writes that two and half decades after the global Agreement on Agriculture under the World Trade Organization was signed, a level playing field for agricultural trade between developing and developed countries remains elusive. India has been one the major victims of this asymmetry. Read it here

The top edit explains why the UAE-India trade deal is a good start and must be followed up. Read it here

QUOTE OF THE DAY

“A Russian invasion could be the biggest war in Europe since 1945 in terms of sheer scale”

 

British Prime Minister Boris Johnson