We are planning to invest in a series of projects to develop around 4 trillion cubic feet of discovered natural gas resources from the block…We believe gas from these projects will deliver energy to millions of Indians and would significantly help India in reducing import dependence .”

Reliance Industries Chairman Mukesh Ambani in company’s annual report for 2012-13

We have done investigations, we have prepared an internal report. There are processes to be followed to take investigations to their logical closure... The first is action against individual institutions who are involved in practices which are not consistent with the banking regulation and prudential banking .”

RBI Governor D. Subbarao on action to be taken against errant banks in Cobrapost sting

Certainly not foreign exchange-denominated bond but even a rupee bond (is not desirable). I am not saying these things will never change... at this point, there is no reason to look at it (sovereign bond issue) .”

Chief Economic Advisor Raghuram Rajan on prospects for sovereign bond issue in global markets to fund current account deficit (CAD)

In service business, my learning is that you should not go over 70 per cent (capacity utilisation), as service is all about flexibility. When a customer comes and wants processing done, one cannot tell him all my lines are full .”

Essar Steel Chief Executive Officer (Processing and Distribution) Ravi Singh

The indications were that the economy has reached the bottom and it is picking up, and now we have a third month in a row in which the manufacturing growth has been positive. It is a welcome sign and perhaps the full impact of the various measures taken in the second half of last fiscal should be felt during the current year and we should see further pickup in manufacturing and industrial growth in the coming months .“

Prime Minister’s Economic Advisory Council Chairman C. Rangarajan (Economic Times)

We are hoping for at least 10 per cent (export) growth...US has already started improving. PMEAC in its report has clearly stated that US has started growing. So, that is good news. We also believe that Europe has also stabilised .”

Commerce Secretary S. R. Rao on exports (Economic Times)

Institutions like the ADB and other multilateral development banks can play a very useful role by coming up with broader range of innovations that will enable domestic debt to be raised with various forms of credit enhancement and also help in currency enhancement transformation .”

Planning Commission Deputy Chairman Montek Singh Ahluwalia (Economic Times)

We are happy to see IIP numbers. This is exactly the trend we are hoping. If (the trend) continues, inflation comes down and growth begins to pick up, I am quite confident that growth in current fiscal would cross the 6 per cent mark .”

Economic Affairs Secretary Arvind Mayaram (Business Standard)

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