Quick Edit | Say no to a free ride

Quick Edit | Say no to a free ride

The woes of any industry, more so one in the private sector, are its own problem. So far, the government has been kind to this sector: in 2008, it reduced excise duty to prop demand.

There is no case, at all, for artificially propping demand for cars of any size, leave alone the gas guzzling variety. At the moment, the government is in danger of missing its fiscal consolidation target even as the global economy is heading for trouble. Under these conditions of uncertainty, it’s best if the government saves money for a rainy day when it may need to boost demand in other sectors of the economy needing greater help.

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