“ It would be inaccurate to say that monetary transmission has not taken place. It has been there — although not as much as we would have liked or expected. I believe that the cumulative response to our actions over the last few months is being taken by banks and will be seen in the months ahead .”

RBI Governor D. Subbarao

 “ Within the powers given to SEBI, it is working extremely hard to ensure that savings of small investors are not put to risk… I have requested the Government to strengthen the SEBI Act in the interim through amendments… I’d however assure you all that, we are alive to the task given to us .”

SEBI Chairman U.K. Sinha, seeking mandate to regulate chit funds till regulator is put in place

“ As consumers’ incomes rise, both rural and semi-urban consumers are graduating to newer products. The orientation of the consumption basket is bound to turn in favour of products that satisfy their aspirational needs .”

Hindustan Unilever CEO and MD, Nitin Paranjpe

“ Bailing out private companies for their commercial failure is counterproductive… Whenever there is a commercial failure, the private sector must take the hit. Whenever there is a regulatory failure, the Government must take the hit. And, we need to make a very clear distinction on that. Otherwise, it would again run into other kind of problems, where the Government is continuously been accused of crony capitalism ... ”

Economic Affairs Secretary Arvind Mayaram

 “ Because, for those who make the Pulsar (bike), slow and steady is not a virtue. Because, we are in a marketing business, where the first mover advantage is everything .”

Bajaj Auto MD Rajiv Bajaj on company’s push

for quadricycle policy

“ If you look at the low-cost carrier space, it is huge and it has not been adequately tapped. So the opportunity is there… It is a great business proposition and we have a partner who has succeeded in other parts of the world...and has done extremely well in pretty demanding market environment .”

Tata Group Brand Custodian and Spokesperson Mukund Rajan

“ There are provisions in the Bill which seeks to bring transparency, compliance, and prevent companies and individuals from cheating people, by taking advantage of the loopholes in existing law .”

Corporate Affairs Minister Sachin Pilot on protection for small investors in Companies Bill

“ Traditionally, we have seen current account deficit at 2.5 per cent of the GDP as a comfortable level. I think we will take at least two to three years to get there... I think this country can run CAD at around 2.5 per cent of GDP for another 20 years .”

Planning Commission Deputy Chairman Montek Singh Ahluwalia

 “ India’s potential growth rate is eight per cent and we cannot afford to become complacent and sit back. We are a mature and vibrant democracy. We have taken effective steps to address economic slowdown and fiscal stress in the past few months .”

Finance Minister P. Chidambaram

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