Best of BS Opinion: Retaining policy flexibility, crony capitalists, & more

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

The Monetary Policy Committee (MPC) ended its last meeting for this fiscal year on Wednesday with another 25-basis point increase in the policy repo rate to 6.5 per cent. In terms of future rate action, although the MPC has kept its options open, it may want to pause for a while to see how the cumulative rate increases in the current cycle influence inflation outcomes, argues our lead editorial. Read here

In other views:
 

The responsible revenue and expenditure projections in the Budget are to be lauded, but efforts on trade and fiscal targets fall short, writes Shankar Acharya. Read here

The cynical acceptance of cronyism at the highest levels has meant that they achieved little more than raised eyebrows, notes Kanika Datta. Read here
 

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“Looking ahead, while inflation is expected to moderate in 2023-24, it is likely to rule above the 4 per cent target.”

 

Shaktikanta Das, Governor, RBI