If funds refuse to backdate, large investors will fall in line. We don't need a law: this is a basic principle of good practice.
Kavita Hurry, chief investment officer, ING Vysya
Mutual Fund, in Outlook Money
It is not enough to feel good, it is necessary to revive the engine of growth so that the pace, at 7 per cent, will be maintained through the next 10 years. India can't afford to scale the peak once again and slide down.
P Chidambaram, former union finance
minister in Fortune India
My paranoia is this: foreign banks have the people, products and processes... we have none of this. It is only in the last 2 years that we have been talking of retail and we have only scratched the surface. Given the situation, if one or more foreign banks decide to move into India, all they would require is money... If there is a commitment of $500 million - $1billion we would see the game shifting.
KV Kamath, CEO, ICICI Bank, in The Times of India
"Money is simply an instrument and a reflection of the fears and desires of mankind."
