Best of BS Opinion: Monetisation lessons from NHAI, recovery risks & more

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

The Joe Biden administration in the US plans to spend $1.9 trillion to stimulate economic activity. Such a large fiscal programme would have perhaps lifted confidence in a pandemic-battered economy even until a few months ago. But things have changed quickly: Economic activity is picking up and the expected return of demand with the ongoing vaccination programme is fuelling inflation fears. The 10-year US government bond yields have increased to about 1.5 per cent, compared to a low of 0.5 per cent in August 2020. In this context, our lead