Best of BS Opinion: Bank recap, a wobbly first year for the CDS & more

Illustration: Binay Sinha
The government’s move to issue Rs 5,500-crore in zero-coupon bonds towards the recapitalisation of Punjab and Sind Bank has put the nearly three-decade old process under the spotlight. Our lead editorial in this context argues that irrespective of whether interest-bearing or zero-coupon bonds are issued, the incidence of servicing the interest cannot be avoided— in the latter case, it is merely deferred.

Other opinion pieces for the day talk about the Chief of Defence Staff, and containing Covid in Dharavi.

The post of the CDS is an exalted one in the military hierarchy and to be accorded the highest respect institutionally. Consequently, the first incumbent must proceed with due deliberation and prudence — for his every word, deed and action will set a precedent for his successors, writes C Uday Bhaskar

No one can take away from the fact that the Dharavi model underlines the importance of community-based model and community participation in any public health crisis, writes Shyamal Majumdar


“We express our deepest respect towards them. Our heads bow in respect towards our farmers. They are our annadatas.”

Defence Minister Rajnath Singh."

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel