Live Blog: ET Awards 2012

Jaspal Bindra, Standard Chartered: India's underlying strengths are well known

PM: UID programme is going to be the basis for the biggest transformation in which transactions are conducted

PM: It is difficult to reduce deficit in short run because our exports may not grow rapidly

PM: I hope those being celebrated today will inspire greater efforts

PM: Over the past decade, we are witnessing a revolution of rising expectation

PM: Investment is an act of faith

PM: I hope we will get some editorial approval for all this

PM: Last year, ET presented a 10 point agenda for national renewal and reform. We have moved forward on many of these areas

PM: I hope we are able to capitalise on demographic dividend

PM: I hope opposition will cooperate in passing legislation

PM: We hope oppositon sees the importance of GST

PM: In democracy govt is open for criticism. But our experience should teach us not to be fooled by naysayers and Cassandras of doom

PM: Decisions on taxation issues likely within the next few weeks

PM: Proposed GST is a major reform in the pipeline

PM: The pursuit of inclusive growth depends on making banking accessible to millions

PM: Aadhar will eliminate middlemen and cut down leakages

PM: UID programme is going to be the basis for the biggest transformation in which transactions are conducted

PM: SEBI has been working to improve procedures and policies to reduce transaction costs in our capital markets

PM: Ramping investment in infrastructure is critical to revive growth. The 12th plan targets almost a trillion dollars in infrastructure

PM: Lower inflation is good both for growth and making it inclusive

PM: The RBI has sought to support growth by reducing CRR

PM: We welcome Indian cos developing their footprint abroad

PM: Indian industry has responded to the opening of the economy in ways which were not foreseen

PM: Some people make FDI into a bogey, even invoking the East India Co

PM: There has been some ill-informed criticism on FDI

PM: It is difficult to reduce deficit in short run because our exports may not grow rapidly

PM on reforms: We bit the bullet and did what we felt was the right thing to do. Undoubtedly, more needs to be done

PM: Low hanging fruits have been plucked in the roads sector

PM: Many infrastructure projects suffering from financial difficulties

PM: Creating economic growth and employment to remain the focus of government policies in months ahead

PM: We are promoting pooling of imported coal

PM: Fuel supply has been the problem area in the power sector

PM: Looking to quickly implement important urban projects

PM: I dare say, we can certainly make a difference to the world if we do the right things at home to accelerate our own economic growth

PM: About 50% of total infrastructure investment has to come from the private sector

PM: Ramping up infra is critical for growth

PM: A large number of infra projects are stuck because of delay in granting clearances

PM: ​Such downturns can have value if they make us focus on the weaknesses that are masked when times are good

PM: Economies go through ups and downs and downturns do dampen spirits

PM: Certain steps in the Budget had led to negative reactions

PM: We are mindful of the effect such steps have on the poor

PM: FM has announced a roadmap to reduce fiscal deficit to 3% by 2016-17

PM: We can and we must correct our own weaknesses. I assure you this will be the focus of our policy in the months ahead

PM: Some of our steps were considered as politically impossible. We bit the bullet

PM: We have taken some major reform steps in the last few months

PM: In recent weeks, our govt has taken several steps

PM: We can and we must correct our weaknesses

PM: Indian slowdown is also because of domestic constraints

PM: Indian economy has been affected by global developments

PM: Economies go through ups and downs

PM: Doubts have been raised about Indian story going astray

PM: Growth may be around 6% in the current year

PM: Indian economy has been affected by global developments

PM: The global economy is under great stress, growth has slowed down everywhere

PM: This annual event provides a valuable opportunity to recognise some dynamic and creative entrepreneurs

PM: This annual event provides a valuable opportunity to recognise some dynamic and creative entrepreneurs

PM delivers key note address

PRS Oberoi: It is our people who have made our hotels known worldwide, they have worked tirelessly

PRS Oberoi: Good service is how you treat your guests

PRS Oberoi: My father told me 'Son, why can't we built hotels that are recognised as among the best in the world?' I told him I will do my best.

Standing ovation for PRS Oberoi as he receives the Lifetime Achievement award from the PM

PM presents Economic Times Lifetime Achievement Award 2012 to PRS Oberoi

Anil Agarwal: I am always ready to give back to the society

Anil Agarwal: Exploration of our natural resources can generate $400 billion annually, 70 pc of which will go to the govt

Anil Agarwal: Feel honoured to receive the award from the PM, who is the architect of economic reforms in India

Anil Agarwal: RTI and other reforms have strengthened our democracy

Anil Agarwal: Feel honoured to receive the award from the PM, who is the architect of economic reforms in India

PM gives Business Leader of the Year award to Anil Agarwal

PM presents Economic Times Business Leader of the Year Award 2012 to Anil Agarwal

Anshu Jain: There are 13 million Indians who comprise the Indian diaspora, I thank the jury for honouring me

Anshu Jain: There are 13 million Indians who comprise the Indian diaspora

Anshu Jain presented the Global Indian of the Year Award by PM

Anshu Jain: My parents set my moral compass

Anshu Jain: My debt is to India, being Indian is an identity I wear with tremendous pride

Aditya Puri: HDFC Bank believes India is the best financial opportunity in the world

PM presents Economic Times Global Indian of the Year Award 2012 to Anshu Jain

PM presents Company of the Year award to HDFC Bank's MD Aditya Puri

Aditya Puri: HDFC Bank believes India is the best financial opportunity in the world

PM presents Economic Times Company of the Year Award 2012 to HDFC Bank

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PM presents Emerging Company of the Year award to Jubilant Foodworks

Shyam Bhartia: We dedicate this award to our 18,000 young team members

PM presents Economic Times Emerging Company Awards 2012 to Jubilant Foodworks

Devi Prasad Shetty: 65 years after independence, if doctors have to put a price on human life, we have failed as a society

Devi Prasad Shetty: 65 years after independence, if doctors have to put a price on human life, we have failed as a society

PM presents Devi Prasad Shetty with Entrepreneur of the Year Award

Devi Prasad Shetty: A typical patient of mine is a baby with a hole in the heart

PM presents Economic Times Entrepreneur of the Year Award 2012 to Devi Prasad Shetty

Rajshree Birla: Award an unequivocal recognition of giving and caring that our group stands for

Rajshree Birla: Deeply honoured at Aditya Birla group to achieve the Corporate Citizen of the year Award

Rajshree Birla: All our projects are based on the needs of communities based around our plants

Rajshree Birla: This award is a great recognition and we greatly value it

PM presents Economic Times Corporate Citizen of the Year Award 2012 to Rajshree Birla

Ravi Dhariwal: In this journey of reforms, we will do everything possible to create the right winds behind these reforms

Ravi Dhariwal: We are equipping our journalists to work on all platforms

Ravi Dhariwal: India of 2012 is a far better place for our children than it was in 1991

Ravi Dhariwal: We are equipping our journalists to work on all platforms

Kapil Sibal: Inherent capacity of the economy is not in doubt

Ravi Dhariwal: India of 2012 is a far better place for our children than it was in 1991

Montek Singh Ahluwalia: It a testing time for policy making

If the industry could present the 10-20 most important things they want from the government, that would be very helpful: Montek Ahluwalia

Anand Sharma participates in the Agenda for Reforms discussion

It is time for you (India Inc) to reach the people rather than the consumer reaching you: Kapil Sibal

We must reach education, health and commerce to people: Kapil Sibal

We need to look at India through the eyes of our children: Kapil Sibal

PM Manmohan Singh arrives at the function

Government should only interfere to take corrective measures and not determine which way the market will go: Kapil Sibal

If we do not have 100% literacy in the next 5 years, we are in trouble: Kapil Sibal

Kapil Sibal: We have 650 million people in the country who are less than 25 years old

Anil Agarwal, Vedanta Resources winner of Business Leader of the Year

If you look at the world and it's demographics, no other country is as well poised as India: Kapil Sibal

I think what happens in the government is that it is every minister's dharma to articulate their ministry's point of view: Nandan Nilekani

Welcome address by Mr Vineet Jain, MD, Times Group

Nandan Nilekani: Govt has embarked on a strategic transformation

Nandan Nilekani: Cash transfers will help in reducing wastage in subsidies

The term policy paralysis has become common parlance in other countries too: Montek Singh Ahluwalia

Nandan Nilekani: I have had a positive experience in the public sector

Montek Singh Ahluwalia: It a testing time for policy making

Not enough for us in the recent reforms: India Inc

Kapil Sibal: Government has taken bold decisions

KV Kamath, Infosys Chairman: We need to fix infrastructure projects

Montek Singh Ahluwalia: Ministries not taking a holistic view of projects

Kapil Sibal: Source of paralysis wasn't the government

Anand Mahindra: We need small doses of good news for the economy

Anand Sharma: It was a conscious decision of our govt to bring in a National Manufacturing Policy

Kapil Sibal: If the judiciary starts determining the price of a commodity, the economy will be in trouble

Kapil Sibal: We announced three policies in 12 months for the next 20 years in telecom. Where is the paralysis?

Kapil Sibal: It is the market which must determine the price of spectrum

Kapil Sibal: Paralysis is because of the erudition of the CAG, media and courts

Kapil Sibal: Source of the paralysis in the telecom sector was not the govt, but what happened in a court of law

Anand Sharma: We have been through a difficult period as a nation and not a government

India can ill-afford an atmosphere of suspicion and distrust: Anand Sharma

Kapil Sibal: We have taken firm decisions in the telecom sector

Anand Sharma: Its time that everybody realises that the India story is not questioned

Deepak Parekh: Scandals happen all over the world. But business proceeds as usual. But in India scandals cause standstills

Anand Sharma: Economic growth has to be inclusive

Anand Sharma: People working in the interest of India will be protected

Anand Sharma: India is a country which is still developing

Anand Sharma: India can ill afford an atmosphere of suspicion and distrust

Anand Sharma: Public discourse has become very shrill

The feeling is that the worst is over: Deepak Parekh

Anand Sharma, Kapil Sibal, Montek Ahluwalia, Nandan Nilekani, Vineet Jain on stage for a panel discussion

Can the recent burst of reforms return us to high growth? Vineet Jain to the panel

Vineet Jain: This evening is a celebration of the grit and determination shown by the winners

Vineet Jain, MD, Times Group: It has been a tough year, this evening is to honour the grit and determination shown by winners

ET Awards 2012: Policy Change Agent of the Year - Sam Pitroda

ET Awards 2012: Lifetime Achievement award - PRS Oberoi

ET Awards 2012: Entrepreneur of the Year - Devi Prasad Shetty

ET Awards 2012: Global Indian of the Year - Anshu Jain

ET Awards 2012: Emerging Company of the Year - Jubilant Foodworks

ET Awards 2012: Corporate Citizen of the Year - Aditya Birla Group

ET Awards 2012: Business Leader of the Year - Anil Agarwal

ET Awards 2012: Company of the Year - HDFC Bank

Vallabh Bhansali: Markets are not complaining too much

Vallabh Bhansali: RBI will do what it thinks it wants to do

Vallabh Bhansali at ET Awards 2012: One understands political limitations, small steps will build economic momentum

Nilesh Shah: I am sure the reforms announced by PM will get implemented on the ground

Nilesh Shah, Axis Direct at ET Awards 2012: Instead of reforms, we need 'perform'

Anand Mahindra: We need small doses of good news for the economy

Anand Mahindra at ET Awards 2012: We need to keep the reforms momentum going

KV Kamath: NIB will fast track approval of projects in infrastructure

Anand Mahindra, Kalpana Morparia, Kishore Biyani, Kapil Sibal, Montek Singh Ahluwalia, Prithviraj Chavan to attend ET Awards 2012 function

KV Kamath: Need to clear roadblocks in infrastructure

Prime Minister is greeted on his arrival at Mumbai

The bestowing of the awards will be preceded by a panel discussion on Agenda for Reforms.

Joining the PM in honouring the winners will be Planning Commission Deputy Chairman Montek Singh Ahluwalia, Unique Identity Authority Chairman Nandan Nilekani, cabinet ministers Kapil Sibal and Anand Sharma as well as more than 300 of India’s bestknown entrepreneurs and business executives.

ET Awards: Catch all the action this evening