Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

30 years ago, profit was seen as evil, but India has changed: Sachin Pilot

Oct 11 2013, 13:20 IST
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I am trying to keep the government interference in CSR activities to the minimum. (IE Photo: Amit Chakravarty) I am trying to keep the government interference in CSR activities to the minimum. (IE Photo: Amit Chakravarty)
SummaryPilot spoke about the new Companies Act and other subjects with Express Group's Shekhar Gupta.

At a recent Express Adda held in Mumbai, Sachin Pilot, Union Minister of State for Corporate Affairs, in conversation with Shekhar Gupta, Editor-in-Chief, The Express Group, spoke about the new Companies Act, contesting elections and Rahul Gandhiís ordinance outburst.

On the Mumbai-Delhi disconnect

I think Mumbai has a special character. The word I would use is not Ďdisconnect,í but a Ďseparate identity.í Mumbai has a flavour which Delhi unfortunately doesnít, but Delhi is the seat of power. But increasingly, I think, the distance is getting less because India has changed as a country. Mumbai and other cities have played a phenomenal role. The mindsets have changed. Thirty years ago, profit was seen as evil...not something that was encouraged. Today, India has changed. We need to create wealth, we need to invest, we need to create job opportunities, we need to have the government and corporate sector help each other reach the ultimate goal ó which is to make our economy strong and our country a vibrant nation. It has to be a collaborative effort.

Chetan Bhagat, Sachin Pilot

On the rough and tumble of elections

Iíve fought two elections. God has been kind because Iíve won those two. Fighting elections and winning them is a whole different strategy and a whole different world; because sometimes it is not logical. There are other external circumstances that overtake what you think should be the logical response of people. I happen to represent Ajmer which is, for me, a very new constituency. I went to fight elections in 2009, and in that particular constituency, the BJP won seven times in a row. I donít know what inspired me to do it, but I went there and I asked my party to contest that election. Fighting election on party symbols, convincing voters to vote for you, itís not what it seems. People think politicians land in helicopters, wave their hands, give a 10-minute speech and go away. It doesnít work like that. You have to be involved in the lives of people.

On the need for change

In India, we have different yardsticks for politicians and different ones for other professions. Whether itís Bollywood, cricket, journalism or business, what happens there is half-a-bit controversy and itís over. But for politicians, it becomes a debating point for weeks. They are under more scrutiny because they must lead by example.

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