Voices

``India's fiscal deficit is 10.5 per cent of GDP. The monetary policy is also expansionary...indicating higher inflation in the near future.'' -- Comment by World Bank.

``We are passing through difficult times...we see ourselves as a diversified entity by 2010.'' -- Mr B. Muthuraman, Managing Director, Tata Steel.

``There is not much scope for a cut in interest rates...a 50 basis point cut would reduce our income in excess of Rs 450 crore.'' -- Mr Janki Ballabh, Chairman, State Bank of India.

``It should be ensured that the Government is totally distanced from UTI.'' -- Comment by the Malegam Committee on UTI's corporate repositioning.

``We believe our inherent operational strengths will help maintain performance despite uncertain global economic outlook.'' -- Mr Anil Ambani, Managing Director, Reliance Petroleum.

``The auto policy should help spur passenger car growth, as this would push the growth of the automotive industry.'' -- Mr R. Seshasayee, Managing Director, Ashok Leyland.

``Our strategy of focussing on value addition and tackling the packet tea market at all price points continues.'' -- Mr Homi Khusrokhan, Managing Director, Tata Tea.

``The CBDT has unjustly refused to grant MTNL infrastructure status. We are not granted tax rebates rightly due.'' -- Mr S. Sundaresan, Director (Finance).

``We are delighted at winning this prestigious contract from Reuters amidst stiff global competition.'' -- Mr B. Rama Raju, Managing Director, Satyam Computer.

``Madura Garments' sales and profits have helped the company's performance in the July-September quarter.''

-- Mr Aadesh Gupta, President, Indian Rayon.

``Japanese economy will probably shrink for the next two years and factory production is at its lowest since 1994.'' -- Comment by the Japanese Central Bank.

``We are looking at a total investment of Rs 3,000 crore in infocom''. -- Mr Anil Ambani, Managing Director, Reliance Industries.