Ludhiana businessman heckles Anurag Thakur; blames demonitisation for slowdown in auto industry

The Hush Post | 4:29 pm | One-minute read |

A Ludhiana businessman heckled Union Minister of State for Finance Anurag Thakur during an event in Delhi on Friday. Jasbir Singh of GS Auto Ludhiana interrupted the junior finance minister and said that the auto industry was facing a slowdown because of demonitisation, PTI reported.

Anurag Thakur was speaking to auto industry players during the Automotive Component Manufacturers Association of India (ACMA) annual summit. He asked the delegates why sales had not picked up despite measures taken by government, RBI intervention and big discounts by manufacturers.

It was at this point of time that Jasbir Singh interrupted Thakur and said it was because of the “demonetisation effect”. “This is the delayed effect of demonetisation. People don’t have money!” said Singh. Thakur, however, kept his composure and repeatedly said “Thank you”.

Anurag Thakur tried to tame the tempers and asked, “…people are using cabs more or maybe they are looking at other options like electric vehicles (EVs), BSVI vehicles… What are the main reasons? There could be many reasons for that. Is it just cyclical?”

Later, Minister of State for Heavy Industries and Public Enterprises Arjun Ram Meghwal came to Anurag’s rescue. Taking the argument to Singh, he said, “This is economic reform sir. This made India a USD 3-trillion economy. How much cash can you keep sardarji?” Meghwal further said, “This country has to develop, and you are trying to run a parallel economy.”

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