Government should use low oil price to spur consumption: Anand Mahindra

Our Bureau Mumbai | Updated on March 09, 2020 Published on March 09, 2020

Anand Mahindra, Chairman, Mahindra Group   -  PTI

Should step up incentives and step down on regulations to attract global investors, says Mahindra Group chief

Mahindra Group Chairman Anand Mahindra on Monday said that the Centre should ease up on regulations and step up the incentives for global investors so that India can take advantage of the opportunities arising out of the ongoing global meltdown due to the coronavirus and crashing oil prices.

"Step up sanitization and the Swachh movement which will make India more appealing to tourists looking for alternatives to China. Step up our incentives & ‘step down’ regulations for global investors who will now look for alternative manufacturing sites to China," Mahindra said in a series of tweet.

"For India, it’s a crisis we mustn’t waste.... The Goverment can use low oil prices both to spur consumption but also retain some of the windfall gains to tackle the deficit," he added.

Mahindra's tweet comes in the backdrop of oil price dropping below $30 a barrel and the impact of coronavirus epidemic spreading to more number of countries.

Published on March 09, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.