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.