Best of BS Opinion: Trade imbalance, deficient distribution, and more

Here is the best of Business Standard's opinion pieces for Thursday

India’s merchandise trade deficit increased to a fresh high in July. In this context, our lead editorial notes that, while the government is hopeful to attain the export target of $500 billion in the current year, India needs a more pragmatic trade policy to push up exports sustainably, which will not only provide durable external stability but also increase overall economic growth. Read here

To give a boost to the telecom sector, a legislation can be framed to convert spectrum auction payments to a reasonable percentage of revenues, writes Shyam Ponappa. Read here

Lower rainfall in some key regions will affect rice output, notes our second editorial. Read here

 

QUOTE OF THE DAY

“Populist schemes distort the decision-making of the voters. This is the way we are heading towards an economic disaster."
 

Solicitor General Tushar Mehta