BS Awards 2021 highlights: Indian economy should recover well, say winners

The winners of various awards said that while it will take some time to get over the impact of Covid, the economy is picking pace and projections look good

5:14 PM

The illiterates of the 21st century are the ones who can't unlearn and relearn: C Vijayakumar, HCL

The illiterates of the 21st century are the ones who can't unlearn and relearn. Tech companies are working on re-skilling their employees: C Vijayakumar, HCL

5:10 PM

NBFCs, fintechs, banks, all co-exits because of the clearing system: Shyam Srinivasan, Federal Bank

NBFCs, fintechs, banks, all co-exits because of the clearing system: Shyam Srinivasan, Federal Bank

5:05 PM

Banking and fintech is a partnership game: Shyam Srinivasan, Federal Bank

Banking and fintech is a partnership game: Shyam Srinivasan, Federal Bank

5:05 PM

Banks are the clearing house. Money can't move with banking architecture: Shyam Srinivasan

Banks are the clearing house. Money can't move with banking architecture: Shyam Srinivasan, Federal Bank

5:03 PM

Inflation is short-term problem in India: K B S Anand, Former MD & CEO, Asian Paints

Inflation is short-term problem in India: K B S Anand, Former MD & CEO, Asian Paints

5:03 PM

Inflation impacts everyone. It shouldn't bother if growth and demand continue: K B S Anand

Inflation impacts everyone. It shouldn't bother if growth and demand continue: K B S Anand, Former MD & CEO, Asian Paints

5:01 PM

Securing labour has been a problem but it is getting better now : Yogesh Kothari, Alkyl Amines

Securing labour has been a problem but it is getting better now : Yogesh Kothari, Alkyl Amines 

4:45 PM

There has been a fundamental change in consumer behaviour since pandemic struck: Vishal Bhola

There has been a fundamental change in consumer behaviour since pandemic struck: Vishal Bhola, Whirlpool of India

4:40 PM

Talent is the biggest challenge going ahead in the post-pandemic world: C Vijayakumar

Talent is the biggest challenge going ahead in the post-pandemic world: C Vijayakumar

4:32 PM

Fintechs are challenging the banks to adapt: Shyam Srinivasan, Federal Bank

Fintechs are challenging the banks to adapt: Shyam Srinivasan, Federal Bank

4:14 PM

I do not think the inflation numbers are that worrying today: Bibek Debroy

I would be more concerned with the revival of growth. I do not think the inflation numbers are that worrying today. There should be greater coordination between monetary and fiscal policies: Bibek Debroy, Chairman, EAC-PM

4:08 PM

I find no evidence that Covid has worsened inequality and poverty levels in India: Bibek Debroy

I find no evidence that Covid has worsened inequality and poverty levels in India: Bibek Debroy, Chairman, EAC-PM

4:03 PM

While there are signs of growth, there are concerns regarding the urban labour market: Bibek Debroy

While there are signs of growth, there are concerns regarding the urban labour market. No one can argue that the rural sector is worse off because of the pandemic. In urban labour market, however, there are issues: Bibek Debroy, Chairman, EAC-PM

3:55 PM

The IBC has been constrained due to the functioning of the NCLT and NCLAT: Bibek Debroy

The IBC has been constrained due to the functioning of the NCLT and NCLAT: Bibek Debroy, Chairman, EAC-PM

3:46 PM

We have lost two years of development due to the pandemic: Bibek Debroy

We have lost two years of development, two years of growth due to the pandemic: Bibek Debroy, Chairman, EAC-PM

3:45 PM

This govt has embarked on schemes that are primarily supply side: Bibek Debroy

This govt has embarked on schemes that are primarily supply side. Supply-side measures always come with lag effect: Bibek Debroy, Chairman, EAC-PM

3:44 PM

Any cleaning up has short-term costs in terms of reduced growth: Bibek Debroy

Any cleaning up has short-term costs in terms of reduced growth. In the medium-term, there are efficiency gains: Bibek Debroy, Chairman, EAC-PM

3:43 PM

There is real growth that is happening over and above the base effect: Bibek Debroy

There is real growth that is happening over and above the base effect. In the next fiscal year, real rate of growth will be around 7%: Bibek Debroy, Chairman, EAC-PM

3:41 PM

There has been a revival, and the indications are fairly robust across sectors: Bibek Debroy

There has been a revival, and the indications are fairly robust across sectors. The only exception might be contacting intensive sectors like travel, tourism etc: Bibek Debroy, Chairman, EAC-PM

3:39 PM

Growth will a mirror image of the decline in 2020-21: Bibek Debroy

The least that will happen in 2021-22 is a growth which will a mirror image of the decline in 2020-21: Bibek Debroy, Chairman, EAC-PM

3:38 PM

Real rate of growth will be around 10% in 2021-22: Bibek Debroy

Real rate of growth will be in the vicinity of around 10 per cent in 2021-22: Bibek Debroy, Chairman, EAC-PM

3:37 PM

The economic impact of a third wave will not be as severe: Bibek Debroy

In terms of economic activity, we are not in a position where we will see an all-India lockdown. The economic impact of a third wave will not be as severe: Bibek Debroy, Chairman, EAC-PM

3:36 PM

Vaccination number are very impressive: Bibek Debroy

Vaccination numbers are very impressive. The medical systems are far better equipped today and we will not see a nation-wide lockdown like the first wave: Bibek Debroy, Chairman, EAC-PM

3:32 PM

Covid was an exogenous shock: Bibek Debroy

Covid was an exogenous shock, a completely unforeseen one: Bibek Debroy, Chairman, EAC-PM

3:28 PM

Business Standard Awards

The Preamble to the Constitution says 'We The People'. It does not say 'We The Government'. As the Prime Minister said in his 15 August speech, Sabka Prayas: Bibek Debroy, Chairman, EAC-PM

3:26 PM

Business Standard Awards

Bibek Debroy, Chairman, EAC-PM to deliver Keynote address

3:09 PM

Business Standard Awards

Start-up of the year: freshworks

Star SME: Alkyl Amines Chemicals

Star PSU: Gujarat Gas

Star MNC: Whirlpool of India

Company of the year: C Vijayakumar, MD & CEO, HCL Technologies

Banker of the year: Shyam Srinivasan, MD & CEO, Federal Bank

CEO of the year: K B S Anand, Former MD & CEO, Asian Paints

Lifetime Achievement Award: A M Naik, Larsen & Toubro Group Chairman