Best of BS Opinion: PSB reforms, ineffectiveness of raising tariffs & more

The Narendra Modi government appears to have an aversion to the advice of specialists but two former players in the regulatory system have offered useful prescriptions on reforming public sector banks, without which it is widely recognised a sustainable recovery from the pandemic-induced slowdown is impossible. A paper co-authored by former Reserve Bank of India governor Raghuram Rajan and former deputy governor Viral Acharya offer a calibrated approach that the government would do well to consider, says the top edit here. Other views focus on the efficacy of higher import tariffs, securities regulatory enforcement and the politicisation