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Best of BS Opinion: The Truss fallacy, confident despite infighting & more

The disaster of former British Prime Minister Liz Truss’ “low taxes, high growth” framework proves that there is no clear relationship between income tax rates and economic growth. Wealthier economies tend to be relatively highly taxed because they pay for expansive welfare programmes. The successful Asian economies without comparable safety nets tend to have smaller …

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Best of BS Opinion: Discoms dues, code for pharma marketing, and more

The first edit says only transparent pricing and accounting will help the discoms recover their dues. According to second edit, the code for pharmaceutical marketing should be implemented. Vir Sanghvi: Rohini Nilekani’s book offers a useful maxim for philanthropists to live by M. S. Sahoo and Sumit Agrawal describe the operations of Sebi’s interim …

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Best of BS Opinion: Chips for growth, the real cost of freebies, and more

Here is the best of Business Standard’s opinion pieces for Thursday. India is attempting to enter the global semiconductor market with a government commitment of $10 billion. Our editorial in this context notes that creating a base for semiconductors will be challenging. Read here India would do the world a favour if the next …

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Best of BS Opinion: Ukraine flashpoint, A tribute to RJ, and more

The first edit says while the central bank would have to navigate the situation of foreign portfolio investments carefully, investors should be prepared for further volatility and sudden changes in market trends. And the second edit says the Ukraine is all-round bad news for India Akash Prakash: Rakesh Jhunjhunwalla’s impact on …

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Best of BS Opinion: Next 25 years, petroleum pricing quagmire, and more

India is celebrating its 75 years of freedom at a critical juncture in the global context. The geopolitical order is witnessing a churn and will throw both challenges and opportunities for the country in the coming years. But much of what India would be able to achieve over the next 25 years will depend …

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Best of BS Opinion: Powering renewable energy, PM’s I-Day speech, and more

Prime Minister Narendra Modi’s speech on the 75th anniversary of Indian independence highlighted again his unique ability to connect with the Indian electorate on any given occasion. This time, the agenda for the speech was to double down on social reform and reconstruction of various kinds. The top edit assesses the key tenets of …

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Best of BS Opinion: Dwindling dividend, the Taliban factor, and more

As the prime minister seeks to prepare India for the next 100 years, two demographic trends point to the challenges going forward. The first is the falling share of young people joining the workforce and the second is the steadily dwindling percentage of women participating in the labour force. Both are critical for the …

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Best of BS Opinion: The value of dissent, production worries, and more

The first edit says a relatively low inflation reading and interpretation of a recent statement by US Federal Reserve Chairman Jerome Powell have had market participants believe that the US central bank will not tighten monetary policy to the extent previously anticipated. This has increased risk appetite. According to the second edit, despite predictions …

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Best of BS Opinion: The right price, policy needed for electric cars & more

Prime Minister Narendra Modi has declared the next 25 years as Amrit Kaal, the fulfillment of which will take India to 100 years of independence. What are the outcomes the PM is expecting? Based on Foreign Minister S Jaishankar’s distillation of the PM’s speech into five points, Aakar Patel examines each to see if …

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Best of BS Opinion: One of a kind, friendships freed from jail, and more

‘For a man who made more money on the stock market than almost anyone else, he was, endearingly enough, more optimistic about India than about the market, keener to talk about the country than his wealth.’ T N Ninan recalls his encounters with the investor extraordinaire and his larger than life personality. Read it …

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