Best of BS Opinion: Reforming ratings, the fake 'freebie' debate, and more

Here are the top BS Opinion articles of the day

According to the first edit, the global situation would not be supportive in the foreseeable future, and would affect economic outcomes in India. Policy calculations and market expectations must be adjusted to this underlying reality, in view of the US Fed’s position. The second edit says the new norms for credit-rating agencies will improve transparency.

Tamal Bandyopadhyay: Treasury losses have pulled down the profits of many banks but the good story is the continuous improvement in the quality of assets and arrest of fresh slippages.

Mihir S Sharma: The model of state government-led provision of welfare is under sustained attack, and that’s not good news for India.

Debashis Basu looks at what made Rakesh Jhunjhunwalla an outstanding investor.

Quote of the Day

The Gujarat-Maharashtra bullet train and Varanasi’s Rudraksh Centre are examples of India-Japan friendship.

Prime Minister Narendra Modi