We better get more competitive than ask government to fix everything for us: Uday Kotak

Uday S. Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank, speaks to NDTV's Namrata Brar about mood of the economy, outlook for 2013, FDI in insurance and key issues being discussed in Davos 2013. Here is the edited transcript of the interview:

The chairman of Tesco met trade minister Anand Sharma, seeking clarifications on the country's decision to open its supermarket sector to foreign investors, the government said in a statement on Thursday.

India today said it is working on a framework to provide incentives to domestic as well as foreign companies for setting up vocational centres to train youth for jobs in the manufacturing sector.

Prime Minister David Cameron warned European leaders on Thursday that any attempt to shoehorn countries into ever deeper political union was a mistake that Britain would not be a part of.

Nath, who is leading the Indian delegation at the annual World Economic Forum (WEF) meeting, also said that even the US or Europe would not have seen as many reforms that happened in India.

Lack of competitiveness in Europe is the root cause of financial instability and rising unemployment numbers in the region, the World Economic Forum (WEF) said today.

She also remembered the young Pakistani victim Malala Yousafzai while addressing the gathering at the annual WEF meeting.

The policymakers need to take urgent steps to make equities more attractive to wean away the investors' interest from an idle asset like gold and channelise the Indian savings into the country's equity markets, top banker Uday Kotak said here.

Pascal Lamy, director-general, World Trade Organization, spoke to NDTV's Namrata Brar on the sidelines of the World Economic Forum at Davos, Switzerland about the Doha round of negotiations, which aims to lower trade barriers around the world to facilitate global trade. Here's the edited transcript of the interview:

Ready for a new chapter in its journey, once scam-hit and now a totally reformed IT firm on a growth path, Mahindra Satyam has said the tax and other cases against it are like penalising the ambulance for picking up victims.

The government should consider charging the very rich more tax, Finance Minister P Chidambaram told a news channel on Thursday, but emphasized that he believed in "stable tax rates."

Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still don't trust them.

India has a steep slope to climb here at Magic Mountain. There is only 1 session on India amongst 260 and only four sessions with Indians on panels. China, Russia, Africa and even Indonesia beat us hollow. What went wrong? Politics played a part. Reforms have become a defensive move, more than a proactive one. Also, the ongoing uncertainty about GAAR has hurt. Once bi...

Praful Patel, Heavy Industries Minister, spoke to Shweta Rajpal Kohli of NDTV on how hard it is for the government delegation at the WEF meet in Davos to sell the India story.

Kamal Nath, Minister of Urban Development and Parliamentary Affairs, spoke to NDTVs Vikram Chandra and Shweta Rajpal Kohli on the sidelines of the annual WEF meet in Davos, Switzerland.

Major global companies including Novartis, BAE Systems and Philips today expressed interest in expanding their businesses in India.

N. Chandrasekaran, CEO and managing director, Tata Consultancy Services Ltd, spoke to NDTV's Namrata Brar on the sidelines of the World Economic Forum in Davos, Switzerland.

Tech Mahindra, part of India's $15.9 billion Mahindra group, has opened centres in Belgium, the Netherlands and Germany.

The Mahindra group scion said: "After business school, when I came to India all I found was certainty... India is a regulated economy."

India today assured global investors that the country's growth story is intact and they can look forward to a stable and transparent policy regime.