India Economy

What They Said

| Updated on November 10, 2012 Published on November 10, 2012

Chennai: Tamil Nadu Chief Minister J Jayalalithaa addressing the media after a meeting with NDA's Vice Presidential candidate Jaswant Singh at her residence in Chennai on Monday. PTI Photo by R Senthil Kumar(PTI8_6_2012_000215A)   -  PTI

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B:LINE: CEO, Nestle S. A., Mr. Paul Bulcke, in the capital on 5-11-12. Pic-Ramesh Sharma

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Onkar Kanwar, chairman and managing director of Apollo Tyres Ltd., attends the World Economic Forum's India Economic Summit in New Delhi, India, on Sunday, Nov. 8, 2009. The conference, entitled "India's Next Generation of Growth," brings together leaders from both the public and private sectors for three days in the nation's capital. Photographer: Pankaj Nangia/Bloomberg *** Local Caption *** Onkar Kanwar   -  Bloomberg

BANGALORE:09/04/2012:Mr Phaneesh Murthy, CEO, iGATE addressing at a press conference in Bangalore on Monday. PHOTO G R N SOMASHEKAR   -  BL

Pratip Chaudhuri, chairman of State Bank of India, speaks during a news conference in Mumbai, India, on Friday, Aug. 10, 2012. State Bank of India, the nation's largest lender, fell in Mumbai trading as an increase in the loan-default ratio amid an economic slowdown overshadowed first-quarter profit that had more than doubled. Photographer: Dhiraj Singh/Bloomberg *** Local Caption *** Pratip Chaudhuri   -  Bloomberg

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“FDI is often a double-edged sword, and the government needs to handle it dexterously. FDI in some fields is purely based on private rationality with the underlying principle — private gain at social loss.”

Tamil Nadu Chief Minister J. Jayalalithaa

“I was the minister of petroleum and natural gas. Anybody who handles this portfolio will be totally frustrated as nobody knows why the oil prices increase… That is the mystery economists have to solve.”

Science and Technology Minister S. Jaipal Reddy

“I think these are some misguided youth, who are disgruntled because of some issues. They are misguided by political interests.”



Apollo Tyres Chairman Onkar S. Kanwar, on labour strife in automobile sector

“The one-time charge decision is expected to impact the industry with an additional financial burden of Rs 30,000 crore, which eventually will be passed on to the consumers in the form of increased prices.”

COAI Director General Rajan Mathews

“Not the best news for India or the IT outsourcing industry. However, we need to understand how much of the election rhetoric continues into 2013, and that will determine the full implications to us.”

iGATE CEO Phaneesh Murthy, on Barack Obama’s re-election as US President

“The allegations levelled and investigations prima facie indicate a nexus.”

Supreme Court on Aircel-Maxis deal

“Banks’ consortium has done everything possible to make the company (Kingfisher) work. Only the company is not working... The management has to get capital. We have given time till November 30 that they should get capital, otherwise the company will not fly.”

SBI Chairman Pratip Chaudhuri

“This has never happened in WEF earlier. They are not letting people in. They are very rude. They allowed me only after fighting and telling my name.”

Godrej Group and CII Chairman Adi Godrej, after being denied entry to the World Economic Forum

“Two-thirds of what needs to be done (on reforms) is in the hands of States.”

Planning Commission Deputy Chairman Montek Singh Ahluwalia

“India has the potential to be a good growth engine... The potential for growth is huge… But you have to have continuity in policy and there should be a further opening up of the economy. Talking is one thing and doing is another. I think the time of doing is right now.”

Nestle Chief Executive Officer Paul Bulcke

Published on November 10, 2012
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