“ We feel the real reason behind these actions is the chain reaction of various developments that took place in 2005, 2008, and so on. However, let’s keep them aside. I have realised that people — regulators and those at high places — cannot tolerate somebody standing up to them. They prefer people who simply bow their heads. If doing this is not in my blood, then what can I do? There is vengeance against us .”

Sahara group chief Subrata Roy on dispute with SEBI

“ Since we now have some time to conduct the auction — there is no end-of-fiscal-year compulsion to mobilise revenue — we should try to ensure an ideal outcome. A third failed auction would impact adversely the investment climate and our credibility .”

Planning Commission Deputy Chairman Montek Singh Ahluwalia on 2G spectrum auction

“ ... Today, Department of Telecom (DoT) can be called DoP, not Department of Posts but department of penalty… Till about a few years ago, telecom sector was booming, everything was going right...today when I read a paper, I am scared to read the headline on the business page, what new penalty can I be hammered with .”

Vodafone India Resident Director (Regulatory Affairs and Government Relations) T. V. Ramachandran

“ My view is that the government should make the rules that say that these investments are allowed in these industries and these are not allowed in these industries. Nobody should be required to apply for any approval… If they fit into the rules, they are most welcome, if they do anything different, they would be punished. This should be an open policy. So, take action, not selectively, but take action that is within the law. But make laws that are completely transparent and open .”

NRI industrialist Lord Swraj Paul

“ We are of the view that early conclusion of India-EU agreement will open up new economic opportunities to both sides and certainly that applies to the way we approach our economic engagements with Germany. The negotiations have reached an advanced stage and in fact there will another round of negotiations on April 15 when it will be taken forward. ”

Foreign Secretary Ranjan Mathai

“ The retail loan segment will continue to remain under pressure till September 2013… The commercial vehicle (CV) segment had seen de-growth in 2012-13, while housing sector lending saw a correction after the boom in 2011-12. The correction is likely to continue for the first two quarters of FY14 .”

S. V. Parthasarathy, Head-Consumer Finance, IndusInd Bank

“ We are just going through a transition, everybody goes through a transition, sometimes you fall down, hurt your elbow, but its OK... It’s OK to die a natural death and celebrate death. The point is what’s coming next and I see a bigger and better revolution on the horizon which will transform India completely .”

National Innovation Council Chairman Sam Pitroda on telecom sector’s troubles

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