“The common person would accept an 8.5 percent inflation, provided it was a reasonably accurate assessment of the ‘true’ rate ofinflation... the inflation rate in the market place is significantly higher than what the index shows.”
S. S. Tarapore, former deputy governor of the Reserve Bank of India, The Free Press Journal, January 31, 2011
“Our philosophy is that a short-term loss is not a problem. Even when hotel occupancy dips, quality is not compromised. That doesn’t mean you give stale food. That’s the loss you have to sustain.”
Byram Avari, chairman, Avari Hotels International,
The News International, August 29, 2011
“There is something......