Best of BS Opinion: Review PMFBY, banks and the contagion & more

From the reasons the government needs to step in as the provider of capital of last resort and why the small finance banks and the micro finance institutions might be more insulated from the current financial crisis to how the PMFBY seems to be losing the confidence of its stakeholders, here's a selection of Business Standard Opinion pieces for the day.

A more caring India would provide for Universal Basic Income, writes Jaimini Bhagwati, former Indian ambassador and World Bank finance professional. Click here to read...

While the projected contraction in output in the current financial year would demand support to the economy, India's central bank would need to be vigilant and avoid risks to price and financial stability, says our top edit. Read on...

Some of the recent changes in the design of the Pradhan Mantri Fasal Bima Yojana, though aimed at enhancing its appeal to the stakeholders, may prove counterproductive, says our second edit. Click here to read...

Thanks to the Consumer Protection Act, 2019, endorsers have the responsibility now to check out the veracity of a brand's claims, writes Somasekhar Sundaresan. Read on...

This will be the first time possibly that the concerns of solvency would be higher than the concerns of liquidity in the banking system, writes MS Sriram, faculty and chair, Centre for Public Policy, IIM Bangalore. Click here to read...

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"Japanification is a serious concern and the way out of it is to raise capital in the financial intermediation sector. The time is now."

Viral Acharya, Ex-RBI Deputy Governor