Best of BS Opinion: The missing MPC, biodiversity loss, and more

Here's a selection of Business Standard opinion pieces for the day

The Reserve Bank of India had no option but to postpone the monetary policy committee meeting a day before it was to start because the government was unable to appoint three new independent external members. In a situation when there is so much economic uncertainty, the government should have been more proactive in avoiding this fiasco, notes our lead editorial. It further argues that besides affecting the credibility of the central bank, the delay in appointment gives an impression that the Indian policy establishment is simply not prepared to deal with evolving challenges. Read here

Other opinion pieces talk about disinvestment, video streaming market, and the need for preserving Biodiversity
 

Plain common sense and empirical evidence show us that the indiscriminate sell-off / divestment of PSU entities by the government has only eroded their value and most of them are languishing at multi-year or lifetime lows, writes N Jayakumar
 

In an over-crowded market or one with skewed regulation, ad-supported programming can quickly degenerate into poor quality, polarising or downright fake. Because it is free, platforms will do anything to get eyeballs. But subscription-supported programming usually is well researched, written and produced – whether in entertainment or news, writes Vanita Kohli-Khandekar
 

It is still deemed possible to halt, if not reverse, the ongoing degradation of biodiversity. It requires further intensification of fight against climate change, well-judged alterations in food production and consumption patterns, and greater investment in conservation and restoration of nature, argues our second editorial 

 

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“Many reforms related to farmers, labourers and health were brought during Parliament's Monsoon Session. All these reforms will only strengthen the labourers, youths, women, and farmers. The country is also witnessing how some people are opposing these just for the sake of opposing.”

Prime Minister Narendra Modi