I think airlines could be profitable if they enjoy a better environment in terms of cost and taxation on fuel. Unfortunately, with an environment of high taxation (on fuel) we have to transfer the additional cost to the customer and this brought a negative impact on demand. In India, we have seen a 6 per cent decrease (in flyers across the industry) up to December 2012.”

GoAir CEO Giorgio De Roni

If you want to sell insurance in India, you must sell simple products and make it absolutely clear to your agents that they should not mis-sell the products… Insurance is a challenging business. It is a big challenge in India, which is, perhaps, the most challenging market in Asia… If you succeed in India, you will even succeed in Eskimo land.”

Finance Minister P. Chidambaram

We are planning to launch our products in 8-10 new markets in Latin America and Africa by March. This is as per our plans to export one million units across the world by 2016-17.”

Hero MotoCorp Senior Vice-President (Marketing and Sales)

Anil Dua

I think the Centre should allow a state to collect central taxes and govern the State on the basis of that… Our annual revenue is Rs 21,000 crore while we have to pay annual interest of Rs 26,000 crore. How will we work then? How do we manage the rural development works unless there is money? Would we go for theft and dacoity?”

West Bengal Chief Minister Mamata Banerjee

The commodity market performs the crucial role of providing the industry with a transparent hedging platform. It cannot be compared with any other market where such a levy is imposed currently.”

Forward Markets Commission Chairman Ramesh Abhishek, on imposition of commodity transaction tax

One example that I often quote about the widespread financial illiteracy is the theory being floated around by the so-called ‘financial advisers’ about investment in gold being a ‘hedge against inflation’ and a ‘safe asset’.”

RBI Deputy Governor K. C. Chakrabarty

We will take a hit on our profitability with higher provisioning requirement and, hence, banks will price their products accordingly.” 

Central Bank of India Chairman and Managing Director M. V. Tanksale, on hike in provisioning requirement by RBI

The government is satisfied with the response to this (NTPC) offer. We expect more than Rs 11,500 crore from the issue… One FII has bid for 1,000 crore shares in the early hours of the trade. More order inflow came in towards the end of the day. Individually, FIIs have put in $50-100 million.”

Disinvestment Secretary Ravi Mathur

The EU has some human rights violation issues with Sri Lanka and because of that EU took away the zero-duty benefit from bicycle exports from the island nation. So, the business of the company’s other promoter got affected.”

Firefox Bikes Managing Director Shiv Inder Singh, on closure of Sri Lanka manufacturing unit

(This article was published on February 9, 2013)
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