Government finally sealing the deal with Serum Institute for Covishield vaccine ends the uncertainty over its pricing and clears the way for its rollout. PM Modi has rightly urged politicians and public representatives not to jump the queue. States need to ensure this is followed and the deserving get priority.
Govt must address problem of steep rise in bank NPAs — allow new banks, buy out weaker ones
RBI’s financial stability report forecasting a steep rise in NPAs of banks is dire but not unexpected. Government needs to think of new ways to address this growing weakness in the banking sector instead of recapitalising banks. This should include allowing more new banks and buying out of weaker banks.
India chasing down 407 for an unlikely draw in Sydney is as good as Test cricket gets
With 407 to chase against a brilliant Australian attack, the odds of India losing the Sydney Test seemed high. But all praise for India’s injury-hit batsmen with a stand-in captain for not just saving the match but coming close to winning it. This is as good as Test cricket gets.
In some cases, the sight of a prominent personality getting inoculated might help ordinary citizens overcome fears about safety of the product.
The government has provided about 2.5 trillion to recapitalise PSBs in the last three years. A bottomless pit. The RBI should grant new banking licences. That is the only sustainable solution. Create healthy institutions that can support the growth of the economy to $ 5 trillion and beyond.