Best of BS Opinion: Budget for the victims, the Wall Street game, and more

Illustration: Binay Sinha
Finance minister Nirmala Sitharaman has promised a “Budget like never before”. For her to make good on that commitment will mean addressing the voiceless millions who have been pushed back into poverty by the pandemic – the largest among all countries.  “Amidst the welter of the multiple goals of the Budget, be they macro-economic or sector-specific, revenue targets or reform objectives, it is this cohort that must not be forgotten,” writes T N Ninan and suggests how the Budget can address this crisis. Read it here

 
T C A Srinivasa Raghavan explains why economists persist with two bad ideas before every Budget – the creation of a “bad bank” and the revival of development financial institutions. Read it here

 
Devangshu Datta describes the Gamestop “short squeeze” on Wall Street and its potential to trigger a crisis on the global markets. Read it here

 
Uttar Pradesh under Yogi has seen little change for the better. But his personal political fortunes have soared enough to compete for attention with Modi writes Shekhar Gupta. Read his assessment of the UP chief minister here

QUOTE OF THE DAY

 
‘The estimated real GDP growth for FY 2022 at 11 per cent is the highest since independence’

Prediction in the Economic Survey


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