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Free wheelers

Print Edition: March 22, 2009

To be precise

“I cannot be unmindful of constitutional constraints... The party in power should not do anything that would be seen to be overstepping its brief ”
Pranab Mukherjee, Acting Finance Minister, in an interview after presenting the interim Budget, in The Economic Times, on February 16, 2009

“It is another stimulus. I hope it will have its desired impact because we have given some concessions for the export sectors, particularly those which are employment-generating”
Pranab Mukherjee, Acting Finance Minister, to Lok Sabha TV, on February 24, 2009

“I am quite struck by the most amateurish and uncoordinated interim Budget that I have ever seen in my 20 years of being associated with or monitoring these events”
Shankar Acharya, Honorary Professor, Indian Council for Research on International Economic Relations (ICRIER), and Member of Board of Governors, to CNBC-TV18

“While the cost of action will be great, I can assure you the cost of inaction will be far greater, for it could result in an economy that splutters along for not months or years, but perhaps a decade”
Barack Obama, US President, in his first State of the Union Address

“Ask anyone in the US who’s in charge of the economy, they’ll look at each other; in India, it is the Reserve Bank of India; in the US, it is not the Federal Reserve”
— Ram Charan, cultural sociologist at IGNOU, New Delhi, in BusinessWeek online

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