Best of BS Opinion: Next technological leap, RBI's 50-bps rate hike & more

Here is the best of Business Standard's opinion pieces for today

In the disastrous aftermath of British PM’s Liz Truss’ mini-budget, the pound’s reserve-currency status, the last vestige of Britain’s once-vaunted position at the centre of the international monetary system, is being called into question. While talk of an outright UK default is overblown, it is not unreasonable to anticipate a painful reckoning just short of that outcome, Kenneth Rogoff argues here

In other views
 

The second edit says for 5G to meet the goals and objectives of stakeholders, it should be a disruptive technology at an affordable price. Read it here 

At a time when the Indian economy and financial markets are dealing with uncertainties at multiple levels, the Monetary Policy Committee of the Reserve Bank of India did well to not surprise the market last week. But global developments will need careful monitoring, the top edit cautions here

Tamal Bandyopadhyay says in raising the policy rate by 50 basis points, RBI plays out a familiar script. More rate hikes will follow, he predicts here

Sunita Narain describes how a  community in Odisha has managed to zealously protect its forests for over three decades. Read it here
 

Quote of the day
 

“That 20 crore people are still below poverty line is a figure that should make us very sad”
 

RSS general secretary Dattatreya Hosabale