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"ETAuto BureauNEW DELHI: It seems the father and son duo of Rahul Bajaj and Rajiv Bajaj are not on the same page, at least when the Modi govt is concerned. While the Rajiv, the MD of Bajaj Auto, believes the government needs to be given a little bit more time, Rahul Bajaj, chairman of Bajaj Group has lashed out at the government for not meeting the expectiations. In an interview with NDTV, the senior Bajaj has said that the new government is \"losing sheen.\"Criticising the government on the new Black money law, Bajaj said that the new law could be used to harass people who declare undisclosed foreign asssets under the new provisions. \"ITO, Enforcement Directorate, people at the level are same as they were before. You will be harassed. It is a draconian law as far as disclosure is concerned,\" he saidUnder the new black money bill, govt. has given a three-month window for compliance and to declare undisclosed foreign assets. People who do disclose the assets, will have to pay 60 percent charge but avoid prosecution, as against a 120 percent penalty and a maximum jail term of 10 years, if failed to make the disclosure. He went on to say that the drafting of the bill has been done with a vengeance and the current government is not NarendraModi government. \"We had a emperor in May 2014, and very few places in the world in last 20 to 30 years has a leader had this kind of success. I am not anti-government. But the fact is that the shine seems to be wearing off.\"Backing his statement, he gave the example of Delhi elections and panchayat elections of West Bengal where BJP lost by quite a margin.Rahul Bajaj is not the only industrialist who has been disillusioned by the now year-old government which came to power on the back of huge expectations from industry. A lot of the top executives in auto sector who ETAuto spoke to have said that the business environment has not altered enough to justify the sentiments.\"While the industry overall has stayed optimistic, an evident change in ease of doing business is yet to be felt on the ground in manufacturing sector,\" said a top executive at a leading auto ancillary MNC. He added that some of the companies are preferring to keep manufacturing out of India for the very reason. Follow and connect with us on Twitter, Facebook, Linkedin, Youtube"
<https://auto.economictimes.indiatimes.com/news/industry/government-is-losing-its-sheen-rahul-bajaj/48390786>