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"Although the CAD is large, yet it is a matter of satisfaction that it has been fully financed without drawing upon the foreign exchange reserves. Going forward too, we hope to be able to finance the CAD through sufficient foreign inflows. If the current trend of improvement in exports and steadiness in imports persists, the CAD is likely to moderate from here."
Finance Ministry Statement
"There are many other people who deserve pardon. I want to tell with folded hands to the media, the honourable citizens of the country that when I am not going for pardon then there can be no debate about it."
Sanjay Dutt Actor
"My commitment to Parliament stands (on Agusta Westland deal) I do feel somebody has taken money. The enquiry is at a crucial stage. We will not show mercy to anybody and will take action, however, powerful he may be."
A K Antony Defence Minister | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Account Deficit Zooms To Record 6.7% In Q3; Sensex Signs Off FY13 With 130 Pts Rally
Sensex snaps seven-day losing streak, up 23 points
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 | Dated:26 March,2013 |
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L&T Fin Buys 50% Of Future Group`s Insurance Biz
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 BIG ADVANTAGE INDIA BUSINESS UPDATE
I have been getting the India Business Update, which I have been browsing through from time to time. You just got to make sure at CNBC-TV18 that people get addicted to it...because that would be great for people who don't watch India Business Hour but just want their updates on India Business Update."
 
Uday Kotak, Executive VC & MD, KOTAK MAHINDRA GROUP
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"We have been sending letters. We are getting results. The number of returns filed are showing an increase. We intend to continue with the efforts, Tax department's effort is to widen the tax base in order to augment revenue and as the tax base widens, hopefully in near future, tax rates could fall."
Sumit Bose Revenue Secretary
"The leaked text (India-EU FTA) is indicative of the aggressive pursuit of its objectives by the EU. The EU has sensed an opportunity in the outgoing government's anxiety to showcase its achievement by concluding the FTA. In the process, provisions such as injuncting a generic drug manufacturer on suspicion of infringement, pending a decision on the validity of the patent, completely negates the doctrine of 'unjust enrichment'."
DG Shah Secretary General, Indian Pharmaceutical Alliance
"We averted a disorderly bankruptcy which would have led to an exit of Cyprus from the euro zone with unforeseeable consequences, The assessment is that it will be under or around 30% (level of losses on uninsured depositors), But that is a bit of an arbitrary estimate."
Christos Stylianides Spokesman, Cyprus Govt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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