“The process has been under way for many years. I do not think there is any real… Another date has been set now. Either February or early March, when the Mauritius delegation comes here for discussion.” 

Finance Minister P. Chidambaram, on lack of progress on revision of tax treaty with Mauritius

“We will ensure that the safety and livelihoods of people are not jeopardised in our pursuit of nuclear power… As we pursue our national growth objectives to meet the rising aspirations of our people, the supply of affordable clean energy will be one of our foremost national challenges and a key priority for our government. ”

Prime Minister Manmohan Singh

“...There are some foreign agencies, some such type of NGOs, who in connivance with some elements have started to arm-twist us… It (criticism) has created a falsehood. That’s all.”

Tata Power Managing Director Anil Sardana, on concerns raised over environmental issues related to the Mundra plant

“Investors had interpreted General Anti-Avoidance Rules (GAAR) as a very negative step. If the Finance Minister has now postponed its implementation, it is an excellent decision. Many things boost investment. This is one of the things we could have done to improve the investment climate.”

Planning Commission Deputy Chairman Montek Singh Ahluwalia, on deference of tax avoidance rules

“The state is slowly ceding its functions to various regulators. There is no great incoherence, I would say, if every sectoral regulator tries to ensure that the player in that field operate appropriately and according to the rules that they may lay down, whether it is electricity or telecom.”

Competition Commission of India Chairman Ashok Chawla

“I expect the private sector to play a major role towards ushering an era of green energy and sustainability.”

President Pranab Mukherjee

“Huawei India is dismayed and disappointed to learn that despite its sincere and earnest efforts to localise the manufacturing capabilities, its name does not figure in the list of domestic manufacturers circulated by the DoT.”

Chinese telecom equipment maker Huawei, in a letter to Cellular Operators Association of India

“I think it’s a positive sign and I am sure that just as the previous auction process was completed without any problem the new auctions will also be completed within the time-frame and before the end of March.”

Telecom Minister Kapil Sibal, on Supreme Court extension of deadline for revocation of telecom licences

“When growth is slowing down you can stimulate the economy either by monetary easing or by fiscal stimulus, but both monetary and fiscal side have no room for stimulus. So that is the big concern.”

RBI Governor D. Subbarao

(This article was published on January 19, 2013)
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