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BW Businessworld

Verbatim: Quotable Qoutes

Jeff Bezos, founder of Blue Origin, explaining to reporters that the rocket company was quiet not necessarily to be secretive, but to avoid overpromising itself

Photo Credit : Ritesh Sharma

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“There has been particularly two years of bad monsoon. Income from agriculture is declining and we are so happy with glamorous sectors like IT and ecommerce that we easily forget that agriculture is the true heartbeat of this nation”
— Anand Mahindra, chairman, Mahindra Group, referring to the need for a new green revolution in the country in order to shore up the falling income from agriculture

“Employees should have the choice of where to invest. Theoretically, such freedom is desirable, but it is important for the government to achieve policy objective by instrumentality of taxation. In the present form, the policy objective is not to get more revenue but to encourage people to join the pension scheme”
— Arun Jaitley, finance minister, India, clarifying after withdrawing the proposed tax on EPF withdrawals that the intention was not to make revenue from EPF but to push private sector employees to take up annuity schemes

“I have been most pained at being painted as an absconder – I have neither the intention nor any reason to abscond”
— Vijay Mallya, former chairman, United Spirits, reacting to State Bank of India moving the Bengaluru Debts Recovery Tribunal to get him arrested and his passport impounded

“Chances are India will outgrow China and that will be the theme for many years to come. It is not a fluke for one or three years. We should get used to the fact that India will be outgrowing China in the next 10-15 years”
— Marios Maratheftis, chief economist, Standard Chartered Bank, to an Indian newspaper

“A possible departure represents the biggest domestic risk to financial stability”
— Mark Carney, governor, Bank of England, warning that Brexit could cost jobs, affect the housing market and hit the city of London

“Space is really easy to overhype”
— Jeff Bezos, founder of Blue Origin, explaining to reporters that the rocket company was quiet not necessarily to be secretive, but to avoid overpromising itself