FM’s remarks

September 12, 2019 12:41 am | Updated 12:41 am IST

 

The Finance Minister is right when she says that millennials have started to rely more on ride-hailing services like Ola and Uber. However, pointing the finger at such preferences for the fall in automobile sales is a stretch too far (News page, “Millennial mindset is a factor,” Sept. 11). The government cannot wish away the fact that demonetisation and faulty implementation of the Goods and Services Tax are to blame for the downturn. Many small businesses have had to close shop due to the complex methodology involved in filing GST returns. Low organisational turnovers are a factor in there being no major job creation in the last 3-4 years. The government received a renewed mandate this year not by virtue of its performance but because of a lack of viable alternatives. Now, to further divert attention from the economic slowdown, it is investing political capital in moves like the Article 370 dilution and the National Register of Citizens in Assam.

G. Shankar,

Chennai

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