Budget 2021 is a big push for growth after pandemic-driven slowdown. It’s the least povertarian since 1997-98, with impressive reform promises, especially on privatisation of PSU banks and higher FDI in insurance. But FM Sitharaman could have avoided protectionist push of higher tariffs. Indian industry needs and deserves competition.
Myanmar coup is worrying — as is China support to junta
The coup in Myanmar is a terrible setback for a country that had just begun emerging from decades of military rule. Even the so-called democratic phase wasn’t perfect. Aung San Suu Kyi’s placation of the military hasn’t spared her either. China’s support to the junta is worrying, destabilises the region.
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