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00:00Today we had a pre-budget meeting with the finance minister of the Central Trade Unions.
00:0910 Central Trade Unions have given a joint memorandum.
00:13We told them the reason for our meeting.
00:17We told them that the situation has become such that
00:21the Indian Labour Conference has not been held for a decade to listen to the workers.
00:27So, if you do not listen to the workers and make policies without listening to them,
00:31we have also expressed our concern that the current economic situation of India
00:37is showing an increase in inequality.
00:41And this is not only being said by the agencies in India.
00:45Today, according to international reports,
00:50credible international reports, world inequality reports,
00:52are saying that India is one of the countries with the highest level of inequality in the world.
01:01Very few people are collecting as much money as possible.
01:06And the share of wealth and income in the hands of the general public is decreasing day by day.
01:17And these are established facts.
01:20Keeping this in context, we appealed to the finance minister
01:25that as a representative of the people of the country,
01:28the budget should be the centerpiece of this inequality.
01:31It should be the centerpiece that if people do not have purchasing power,
01:35then the economy cannot run.
01:37In India, with the presence of Nirmala Sitharaman,
01:39there is a strong economic slowdown that we have seen even before COVID-19.
01:43A strong economic slowdown.
01:45So, we will have to consider how to give money to the public.
01:48And from there, we have suggested that there should be an indirect tax burden.
01:52Indirect tax burden should be reduced from the shoulders of the public.
01:55GST has just been reviewed.
01:57So, the indirect tax in the form of GST should be reduced from the public.
02:01And on the rich, because year after year in the budget,
02:05we are seeing that the corporate tax that should be given to the corporate,
02:08is being left in the corporate tax year after year.
02:11We are seeing that the burden of non-performing assets on our government banks is increasing.
02:18So, in such a situation,
02:20NPA is being right-off.
02:24NPA is increasing and it is being right-off in the budget.
02:28So, it is decreasing.
02:29After the budget, it is decreasing because you are right-off.
02:32And with NPA, Adani ji, Ambani ji,
02:37are not paying the loan from the State Bank of India.
02:41And their loan is being right-off.
02:43But the farmer's loan is not being right-off.
02:46So, in such a situation,
02:48we told them that the budget should be made according to the public.
02:51The wealth creator is poor.
02:53No matter how much Modi ji says,
02:55the wealth creator is not a few corporate houses.
02:58The one who works hard is the wealth creator.
03:00So, according to him, how to give money to the public.
03:03According to him, the direct tax should be increased.
03:05And the indirect tax should be reduced from the public.
03:08Secondly, we said that the one who works hard,
03:11according to the price of hard work,
03:16his life will be good.
03:18His financial condition will be good.
03:20So, it is important for the economy of the country
03:23to protect the rights of the workers.
03:25But what are we seeing?
03:26We are seeing that in the name of disinvestment,
03:28the public sector undertakings,
03:30which have been present in our country for 75 years,
03:32and we are very proud of them.
03:34Our public sector undertakings are known to India.
03:37They are being sold in the name of disinvestment
03:39by the big rich people.
03:41If the public sector undertakings are sold,
03:43it means that the rights of the workers
03:45who are working there will be violated.
03:48And in a way, this is not happening.
03:50Sales, ONG, etc. were in favor.
03:53And if you talk about the losses,
03:55then private companies,
03:57what was the situation of the jet airways in front of you?
03:59Whenever private companies go down,
04:01the government has to inflate the cash.
04:03Mr. Nirmala Sitharaman has himself
04:05inflated the cash twice or thrice in the economy
04:07through RBI.
04:09Because the private sectors were going down,
04:11and they were creating a recession in the economy.
04:14So, the point is that the government
04:16has to give the money
04:18when the private sector also goes down.
04:20But the name of the loss is always...
04:22Tell me one thing.
04:24Indian Railway.
04:26Do you see Indian Railway as a benefit or a loss?
04:28Do you see Indian Railway as a benefit or a loss?
04:30Do you see Indian Railway as a benefit or a loss?
04:32It comes to Delhi from India by train.
04:34So, if you see it as a benefit or a loss,
04:36then sell it to Ambani.
04:38The country belongs to the people.
04:40If the country is not of Ambani Adani,
04:42then the finance minister has to understand this.
04:44The current government minister has to understand this.
04:46This is the love for the country and the people.
04:48There is no love for Ambani Adani.
04:50That is why I said that
04:52you should stop selling public sector undertakings.
04:54There are some things
04:56that you will see as a benefit or a loss.
04:58So, the condition of your universities,
05:00you have to stop it.