'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
'You peel one layer, then another layer, then another, but in the end, you will see that there is no onion inside.' 'This package has been packaged well, but there is nothing much inside the package!'
'The Kanchi Mutt was energised by Pudu Periyava.' 'Instead of people coming to the Mutt, he has taken the Mutt to the people in several dimensions.'
Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn't happen, the investment cycle also will not happen, writes M R Venkatesh.
Indian Grandmaster P Harikrishna started his campaign by outclassing Eric De Haan of Holland in the first round of the Masters' section of Tradewise Gibraltar Chess festival at the Caleta in Gibraltar.
'Otherwise, how is the government going to make more revenue?' 'The most important thing the GST does is to transfer money from the household consumers who are the most productive users of capital to the most unproductive users of capital, namely the government.'
Grandmaster and former national champion B Adhiban crashed through the defences of former women's world champion Antoaneta Stefanova of Bulgaria to remain in joint lead in the Masters section of Tradewise Gibraltar Chess Festival.
'Part A of the Budget was like it was written by somebody from the 21st century and Part B was written by somebody from the 19th century.'
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
'The entire system acted as cheerleaders to Vijay Mallya. The RBI failed, the banks failed, the auditors of the banks and Mallya failed.'
'The Sabarimala issue is no longer in splendid isolation.'
Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.
'The finance minister has told the BJP's core voters we are hearing you and we are sensitive to your aspirations.'
'The IAS officers are after the rich people, the IRS officers are after the middle class and the IPS officers are after the poor. This is the new varnashrama created by the bureaucracy.'
The sops sanctioned by J Jayalalithaa on her first day in office could cost the exchequer up to Rs 8,000 crore annually.
'The middle class stood by the BJP, especially after demonetisation, and they expected something in return.' 'Some section of the BJP believes the middle class is condemned to vote for the BJP as they have no other choice.' 'They think they can treat them any way, still the middle class will run to vote for it.' 'That's what the Budget seems to convey.'
'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.' 'This gives the impression that he wants to be soft on the biggies.'
'No finance minister has the capacity to put the economy in an ICCU just like no finance minister has the capacity to take it for 10% growth!'
'One thing is sure: After this Budget, no Ambani-Adani tag will be attached to the government.'
'If my understanding is correct, one has to file not less than 37 returns per year for every ordinary business, and that too per state.' 'If you are doing businesses in Chennai, Bangalore and Hyderabad, you have to file 37x3 returns every year!' 'The consequence of GST will be chaos, confusion and possibly economic crisis.'
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
M R Venkatesh, chartered accountant turned political commentator tells Shobha Warrier/Rediff.com that Modi's war is not against the opposition parties or the Congress but against the bureaucracy and the establishment.
FM needs to convince Indians to invest more in stocks.
'Let us not say that Modi has not delivered on anything; he has delivered something and in parts substantially, but he has to also deliver on a large number of his electoral promises.'
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
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