Best of BS Opinion: Covid-19 outbreak, India's MF industry, and more

From the reasons Sebi should revisit the liability side of MFs and why it is absolutely imperative to address the fiscal challenge, both at the Central and the state levels, immediately to how it might be better for governments to bear losses upfront than after the damage is done, here's a selection of Business Standard Opinion pieces for the day.
The debate must now move beyond the binaries of whether we can incur a deficit or not, to how much is necessary without creating macroeconomic instability, writes Neelkanth Mishra, co-head of APAC Strategy and India Strategist for Credit Suisse. Click here to read…
The lack of funds at the state level could weaken their response to the virus, says our top edit. Read on…
India is not in a position to remain in lockdown mode for an extended period, says our second edit. Click here to read…
Nurturing ambition and setting high targets are important attributes of planning and governance. But when planners in the government lose touch with reality, such ambitions become a burden on the whole system, writes A K Bhattacharya. Read on…
Rajendra Chitale, managing partner, M. P. Chitale & Co, & Mahesh Vyas, MD & CEO, CMIE, put together the design of "an impactful, fiscally responsible programme" that removes the bottlenecks in credit decision making. Click here to read…

It’s true that fund managers can’t control stock markets but it’s time they stopped succumbing to investors’ greed, writes Joydeep Ghosh.