India Economy

What They Said

| Updated on September 29, 2012 Published on September 29, 2012





We have opined that auction as a mode cannot be conferred the status of a constitutional principle. Alienation of natural resources is a policy decision, and the means adopted for the same are thus executive prerogatives.”

Supreme Court bench on allocation of natural resources

We’ve developed a psyche that when it is not boom, it is doom.”

Urban Development Minister Kamal Nath

The Government can now take decisions without fearing action by any other constitutional body.”

IT & Communications Minister Kapil Sibal, after Supreme Court ruling on allocation of natural resources

It will be a statutory for doctors to recommend generic medicines now. We have decided to price the drugs to the lowest (with one per cent market share.”

Minister of State for Chemicals & Fertiliser

Srikant Jena, on new pricing mechanism for drugs

I think that the (Indian) decision to open up multi-brand retail is particularly welcome among our companies here… This establishes a positive momentum, not only to help boost foreign investment, but also to help boost economic growth.”

US Assistant Secretary of State for South and Central Asia Robert Blake

We will not hesitate to stop the plant if we find that the mandatory safety requirements have not been taken care of at the site.”

Supreme Court on Kudankulam nuclear power project

Employers should not turn a blind eye towards labour statutes. At the same time, workers should refrain from taking law into their hands.”

Labour Minister Mallikarjun Kharge

We reviewed the situation following the number of decisions announced in the last 10 days. There was general satisfaction that many of the steps taken by the Government, although some of them would put a burden on the people, have been welcomed by stakeholders as necessary and unavoidable.”

Finance Minister P. Chidambaram

The path of adopting widespread use of GM technology in the US has been accompanied by greater consolidation of resources and power for a few seed companies, higher seed prices, greater risk for farmers and less choice in varieties.”

Mandaamin Institute Executive Director Walter Goldstein

We have decided to increase the prices of all models due to high input costs, currency fluctuation and freight costs.”

GM India Vice-President P. Balendran

Published on September 29, 2012
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