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As more and more money is coming into the formal economy, one can look at more attractive tax rates and lower tax slabs. Even if half the people who were in the informal sector move in to the formal economy and more taxes get collected, more money can be spent on the welfare.
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I feel there is huge potential for India and the U.K. to work together both on the technology space and on the investment space.
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In most riots in India, Congress has had a direct or indirect involvement. History bears this out.
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PM Modi has provided visionary leadership with his focus on the welfare of the poor and inclusive nature taking along his whole team, including states, parties, all schools of thought, all sections of society.
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I have told many times I am always a student willing to learn new things.
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Western countries have gone through their development cycle and enjoyed the fruits of ruining the environment over many years and are now giving us homilies and pontificating on responsibilities to the environment. I think they need to look inward.
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In New York, lights are on the whole night; there are offices where not a single person is working, but all lights are on. The street lights at the White House are lit all the day. Why? And we are being told not to use coal.
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Of course we have to use coal... the renewable energy sources will supplement the supply from coal.
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I don't get carried away by any praise; I know I have miles to go.
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I want to reignite the interest in hydro-electric investments.
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People of India deserve to be complimented for making the 2014 elections a referendum on the misrule of the Congress-led UPA and demonstrating their faith in a proven new leadership.
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Centrally, I cannot interfere in states.
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I am very friendly with the people of India, and corporates are also a part of that.
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Wind developers have realised the importance of transparent method of price discovery, which was demonstrated in the solar sector. They realise that bidding brings in efficiency, and tariff is right-sized.
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Our pollution out of carbon emissions is still very, very low compared to the world.
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The speed of decision making is the essence of good governance.
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If you are moving the informal economy into the formal economy, and if the transactions which for years were never reported as part of GDP are now transacted through banking channels, it will only add to the GDP, not reduce the GDP.
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You can fool the people once, twice, but you can't fool them all the time. You should tell them honestly what you can do for them.
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I believe if we simplify the process of tariff-fixing with lesser tariff slabs and rationalise the process, it will reduce corruption, and simultaneously, it will enable supply of adequate and cheap power to the poor as well as to farmers.
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Politics is involved when you don't tackle inefficiency and burden people with higher tariffs.
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States are the architects of UDAY, not the central government.
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For me, as the Government of India, the interest of the poorest of the poorest is paramount.
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With transparency in renewables, the prices of renewables are coming down drastically.
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It's equal opportunity for all, and we don't play favourites.