How would Ola, Uber cause truck sales to plummet: Sinha

INDORE, Sep 14:

Former BJP leader Yashwant Sinha on Saturday questioned Finance Minister Nirmala Sitharaman’s claim that rise of Ola and Uber affected the automobile sector, asking why the sales of trucks should also decline.
Those in power were making “weird” statements, the former finance minister said, talking to reporters here.
“People in the government are making weird statements.
These statements will not lead to betterment of economy. But they will definitely affect the government’s image,” he said.
On Sitharaman’s statement about decline in the automobile sector, where she spoke about people using app-based cab services instead of buying car as one of the causes,
Sinha asked, “If companies like Ola and Uber caused a drop in passenger vehicle sales, then why there is a slowdown in sales of two-wheelers and trucks?”
“Bihar’s finance minister (Sushil Modi) said there is recession due to Sawan-Bhado (the rainy season). A Union minister (Piyush Goyal) is talking about Einstein’s law of gravity,” the former BJP leader said.
Sinha also raised a question about Sitharaman’s announcement to organize a mega-shopping festival in India on the lines of Dubai Shopping Festival to boost exports.
“The economies of UAE (United Arab Emirates) and India are different. India’s economy will progress only when farmers in areas like Mandsaur in Madhya Pradesh progress,” he said. (PTI)

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