 "Sebi")
Here is the best of Business Standard's opinion pieces for Thursday
The Securities and Exchange Board of India’s decision to convert a mandate to separate the roles of chairman and managing director/chief executive officer in the top 500 listed corporations by market capitalisation into a voluntary exercise defies logic. The mandate was one key recommendation by the Uday Kotak-led Sebi Committee on Corporate Governance in 2017. As our lead editorial notes, a more adroit move would have been to have introduced the relative clause at a later date once the initial separation of posts was complete. In an environment freighted with vested interest, gradual reform works better. Read here
In other views:
Naushad Forbes talks about what the Indian industry can learn from Rahul Bajaj. Read here
Our second editorial argues why the government should avoid the proposed amendment to the central GST Act. Read here
Quote of the day
“Once the uncertainty and anxiety caused by the Covid-19 virus recedes from people's minds, consumption will pick up and the demand revival will then facilitate the private sector stepping in with investments to augment production to meet the rising demand.”
Monthly Economic Review of the Ministry of Finance
