Read more about Best of BS Opinion: The Great Gatsby Curve, panned in pandemic time & more on Business Standard. Here are the best of Business Standard s opinion pieces for Saturday
lead editorial notes that the issue needs to be debated.
Government finances are likely to remain under pressure in the medium term. Thus, should the RBI be churning its foreign currency holdings to generate surplus and ease the fiscal pressure? There are limits to the extent such gains can be generated. Additionally, would RBI’s excessive focus on easing fiscal pressure not increase risks to financial stability? Read here If a promoter knows that he can afford not to repay bank loans and buy back his company in the bankruptcy court at a discount with a reduced debt burden, he has a strong incentive to drive his company aground, writes
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Whether the economy could have grown faster now is a matter to be debated in later years.
The question now is whether higher growth in earlier years could have saved us from today’s travails.
Uddalok Bhattacharya sums up
Sajjid Z Chinoysays: Putting the different pieces of the puzzle together, 2021-22 appears to be on course to growing at about 9 per cent less than previously envisioned Indiscrete disclosure has the potential to dent public trust, the bedrock of the banking business, says
Tamal Bandyopadhyay. Bankers, too, may not open their hearts with confidence to the RBI inspectors, lest every word they utter become part of the public discourse.
Grasim Industries fourth quarter net profit rises 13.3% to Rs 2,616 crore Aditya Birla Group firm Grasim Industries Ltd on Monday reported a 13.3 per cent rise in its consolidated net profit to Rs 2,616.64 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 2,309.41 crore during the January-March quarter of the previous financial year, Grasim Industries said in a regulatory filing.
Market-cap of BSE-listed companies at record $3 trillion
BSE on Monday added another feather to its cap with the market capitalisation of all listed companies on the exchange reaching USD 3 trillion for the first time ever. At close of trade, the market capitalisation of BSE-listed companies stood at Rs 2,18,94,202.30 crore (USD 3 trillion). During the day, the market capitalisation of BSE-listed companies went past the Rs 219 lakh crore level.