Why does the govt of India still believe in running by decree and regulation of industry? Why don't they incentivize instead?
Instead of dictating auto companies to make 6 airbags mandatory, why doesn't the govt reduce taxes or give credits for manufacturers who build safe cars?
Instead of dictating auto companies to make 6 airbags mandatory, why doesn't the govt reduce taxes or give credits for manufacturers who build safe cars?
It's not as if incentivization doesn't work. When Karunanidhi wanted Tamil film industry to have Tamil titles, he did not pass a decree.
He said all movies with Tamil titles will get Entertainment tax waivers.
Till GST, no Tamil movie had other language name post that.
He said all movies with Tamil titles will get Entertainment tax waivers.
Till GST, no Tamil movie had other language name post that.
But somehow the Govt has to take a cue from the British Raj to run the country.
Put rules left right and center. Pass hundred decrees and regulations. Tax the hell out of industries. Drive up prices, make common people suffer.
While the rule making babus live in luxury.
Put rules left right and center. Pass hundred decrees and regulations. Tax the hell out of industries. Drive up prices, make common people suffer.
While the rule making babus live in luxury.
Every time the govt imposes a regulation on the auto industry, some manufacturers will quit.
GM went, Ford went. And with this six airbag rule, my bet is on Nissan and Renault quitting the country.
We will have only Hyundai, Kia, Maruti and Maruti with a Toyota badge.
GM went, Ford went. And with this six airbag rule, my bet is on Nissan and Renault quitting the country.
We will have only Hyundai, Kia, Maruti and Maruti with a Toyota badge.
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