Best of BS Opinion: Banks merger, coronavirus outbreak, and more

Finance Minister Nirmala Sitharaman said on Wednesday that the proposed merger of public sector banks is on track. The announcement should be welcomed as it will end the uncertainty on this front. Meanwhile, global policymakers are trying to contain the damage being caused by the spread of the coronavirus. In an emergency move, the US Federal Reserve reduced interest rates by 50 basis points on Tuesday.  

Business Standard Opinion pieces for the day talk about bank merger and coronavirus among other issues.

The US Fed’s policy action and the reaction of both the stock and bond markets, in a way,