'I reject the argument of policy paralysis. Just as there are business cycles, there is a cycle around the trend growth rate of an economy'
'An offence is committed when a prescribed rule of conduct is violated. If there is no prescribed rule, or if there is no violation of a prescribed rule, there is no offence'
The finance minister responded to the Gujarat CM by quoting from the same book by Azad
'Stronger growth will, in course of time, alleviate many of the challenges that we face. Therefore, there is no cause for the panic that seems to have gripped the currency markets and that is feeding into other markets'
Mergers and acquisitions, natural monopolies, regulatory capture, governance biases towards Public Sector Enterprises, and predatory behaviour.
'...for greater public welfare and greater security,' said the FM. 'Yet, we adopt a disdainful attitude to growth... Without growth there will be neither development nor inclusiveness'
'The stringent provisions in the Ordinance will have a deterrent effect on the potential criminals during the period between now and the date on which the new law will be enacted by Parliament'
The FM lays down a roadmap for bringing down fiscal deficit from 5.3% in 2012-13 to 3% in 2016-17
'I may assure you that the intention of the Central Government is to continue to work with State Governments in order to meet the challenge of terrorism'
'Two terrorist attacks in the space of two months are indeed blots on our record... We do not have just one pre-eminent threat; we have several. We must build the capacity to deal with these multiple threats'
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