Fri. Mar 29th, 2024
Rahul Bajaj

The Annual General Meeting(AGM) of Bajaj Auto was held on Thursday. On this occasion the Chairman of the Bajaj Auto, Rahul Bajaj addressed the meeting to its shareholders. During the AGM, Bajaj commented on the government’s ongoing policy. He claimed demonetization as useless while at the same applauded the Goods & Services Tax (GST) implementation, as the new tax reform.

Regarding the demonetization, he said, “For two months, people had to stand in line, at ATMs, bank branches and small and medium enterprises suffered”.  He added “It was said the big black marketeers will suffer, industrialists will suffer, his intention was good, we will have to gain in longterm but nobody suffered. It was mere adjustments, gains we are (still) waiting for”.

Apparently, he praised the implementation of GST and said, “It is very different with GST. It will be good for India, medium term, long term, India will gain”. He added “Unlike demonetization, which was a disaster, (where) overnight people had big challenges. I am sure there was no problem with GST. I have not heard of any problem so far, but they will take three-six months to settle down”.

By Bharat