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Here is the best of Business Standard's opinion pieces for Wednesday
The Monetary Policy Committee of the Reserve Bank of India (RBI) is widely expected to maintain the status quo on both the policy rate and stance in its meeting starting today. Financial markets would, however, want to know if the central bank is now prepared to start the policy normalisation process, or it still wants to wait and support growth by maintaining excessively high levels of liquidity in the system to keep market interest rates low. Our lead editorial argues why the RBI should formally start preparing for policy normalisation and communicate it effectively to financial markets. Read here
An economic advisory council without businesspersons, home-makers, technology experts, psychologists and sociologists will not deliver very good advice, writes R Jagannathan. Read here
Any public commitment by India to a target date for net-zero should be seen by the world community as it’s clear, unambiguous and committed participation in battling global climate change, writes Vinayak Chatterjee. Read here
Illustration: Binay Sinha
QUOTE OF THE DAY
“The situation on the Line of Actual Control is that the Chinese Air Force is still present on three air bases on their side of the LAC. We are fully deployed and prepared on our side.”
Air Chief Marshal VR Chaudhari
