Best of BS Opinions: Tariff on solar power, Biden's mega stimulus, and more

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

Punitive tariffs on components for solar power generation and an underwhelming incentive scheme for domestic manufacture are likely to worsen the problems that the sector faces. The clear costs of this policy of protectionism and licensing do not seem to have been weighed properly against the chance that it will create an efficient domestic production base in this sector, says the top edit. Read it here

Other views examine the impact of the Biden administration’s $1.9 trillion stimulus package on emerging market, strategies to deal with inflation and the Covid-19 vaccine.

The Biden administration's mega-stimulus could set off a tug of war between growth and inflation and a churn in emerging markets. Akash Prakash explains the contours of the president’s high-pressure growth gamble. Read it here

The Reserve Bank of India (RBI) does not have a policy tool to deal with cost-push inflation but it is often not realised that the government does. Creating a predictable variation in specific tax rates over a cycle and liberalising the international trade in food are two possibilities, writes Gurbachan Singh. Read it here

The second edit traces how the response to Covid-19 has been a triumph of science and why policy-makers around the world need to introspect and institutionalise the learnings from this crisis. Read it here

QUOTE OF THE DAY

“You can’t come to the House wearing whatever you want just because you are an MLA. This is not a playground”

Gujarat Assembly Speaker to Congress MLA Vimal Chudasama who came to the House in a T-shirt