New Delhi: Days after Finance Minister Nirmala Sitharaman attributed the slowdown in the auto sector to millennials using Ola and Uber, Commerce Minister Piyush Goyal has said that we should not be concerned with GDP maths, since “maths never helped Einstein discover gravity”.
He was speaking to reporters following a meeting with the Board of Trade and sought to instil confidence that the country was on track to meeting the $5 trillion target in five years.
“Don’t go by all these calculations you see on TV, that if the country has to become a $5 trillion economy, it will have to grow at 12% but right now it is currently growing at 6-7%,” Mr. Goyal said. “Don’t get into those maths. Those maths have never helped Einstein discover gravity.”
“If he had only gone by structured formulae and what was past knowledge, I don’t think there would have been any innovation in this world,” Mr. Goyal added.
The Commerce Minister’s statement comes at a time when the Indian economy is growing at a multi-year low rate. The growth rate in the first quarter of the financial year 2019-20 stood at a dismal 5%, the lowest in six years.
A major sector affected by this slowdown has been the auto sector, which has seen sales repeatedly breaching historically low levels. In response to this, Ms. Sitharaman said that the subdued demand was being caused due to BS-VI fuel norms and young people’s preference for ride sharing apps such as Ola and Uber.
“The automobile and components industry has been affected by BS-VI and the mindsets of millennials who now prefer to have Ola and Uber rather than committing to buying an automobile,” Ms. Sitharaman said on Tuesday in Chennai.
Former Finance Minister @PiyushGoyal is correct, Einstein did not require maths to discover gravity, but Sir Isaac Newton did.
— Congress (@INCIndia) September 12, 2019
FYI, maths is also required to #FixTheEconomy. pic.twitter.com/Nr3QyYbPpA
Courtesy: www.thehindu.com
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Bhatkal: The Karnataka unit of the All India Ideal Teachers Association (AIITA) has welcomed the Karnataka government’s decision to strictly ban school children from dancing to obscene songs during educational and cultural programmes in government, aided, and private schools across the state.
AIITA Karnataka State President M. R. Manvi congratulated the government for taking what he termed an important step to preserve the sanctity of education.
“Such decisions to safeguard the dignity of school children and uphold the values of education are the need of the hour. This rule should not be limited to government schools alone but must be strictly implemented in all private educational institutions as well,” he said.
He further urged the government to address other concerns within school programmes.
“The government should not only prohibit obscene dances in the name of school anniversaries, but also ensure that plays and dialogues that incite religious hatred are avoided. Schools should be centres of harmony, not platforms for spreading hatred,” he added.
According to a recent circular issued by the Department of School Education and Literacy, obscene dances are adversely affecting the mental health and moral values of students.
In this regard, schools have been advised to use songs that promote nationalism, positive thinking, the greatness of Kannada culture, and value-based traditions instead of inappropriate content during programmes.
The circular also emphasises that students should be dressed in decent attire.
AIITA also backed the department’s warning that disciplinary action would be taken against head teachers if such guidelines are violated. The association has further demanded that district Deputy Directors of Public Instruction strictly monitor the implementation of these rules.
