Best of BS Opinion: Coupling of power exchanges, regulatory overkill & more

Here's a selection of Business Standard opinion pieces for the day

The pandemic pain is likely to be enduring for the Indian economy, and the latest study of state finances by the RBI — released on Tuesday — underscored some of the challenges. According to the study, the gross fiscal deficit of state governments is likely to go beyond 4 per cent of gross domestic product (GDP) in the current year under the baseline scenario, and revenues would remain under pressure over the next few years. In this context, our lead editorial notes that government finances are likely to be a drag on economic growth. According to the International Monetary Fund, India’s