Best of BS Opinion: Sugarcane pricing, higher tax-GDP, and more

Illustration: Binay Sinha
To meet its terms of reference, the 15th Finance Commission has recommended a separate mechanism for funding defence and external security but it has facilitated this by a reduction in grants to the states, which works out to Rs 1.5 trillion over five years. “As a consequence, the Commission has penalised the primary engines of development spending in India: The state governments,” the top edit points out. A more lasting solution would have been for the government to focus on improving tax collection as a percentage of gross domestic product to fulfill its obligations, the edit argues. Read it here.

In other opinion today: 

Aakar Patel recounts the Narendra Modi government’s systematic attempt to curtail civil society through increasingly tough regulations for foreign-funded NGOs. Read it here

R Gopalakrishnan reviews the recent history of skirmishes between CEOs and boards in India and globally to decipher what it is that causes the relationship to break down. Read it here

The second edit reviews NITI Aayog’s proposal for a price stabilisation fund for the sugar sector and for modifying the revenue-sharing formula to tilt it in favour of sugarcane farmers and explains why these reforms need to go further. Read it here


may be changing the world, but that doesn’t mean they run it.”

Australian PM Scott Morrison on Facebook’s news blackout

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