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00:00Tax network has increased due to the reduction of tax avoidance.
00:05Income tax has increased the revenue that comes to the government.
00:08Finally, the revenue that comes through income tax is seen more in the budget.
00:15In the entire budget, the second highest contributor is the income tax.
00:27In India, the income tax payments have increased.
00:35Mr. Prasad, in today's times, the interest rate is the main source of income.
00:39Inflation is the main source of income.
00:42Earlier, you said that if inflation increases, how can we increase the interest rates?
00:46What can we do to reduce inflation through the budget?
00:49If the central government wants to make a policy, whether it is contractual, expansionary or neutral,
00:58the RBI has to address inflation.
01:01Monetary policy says that if the money supply increases, inflation will increase and if it decreases, it will decrease.
01:05If the savings from the federal loan comes to the RBI,
01:10if the RBI gives a loan, the GDP will automatically increase.
01:14If the GDP increases, the money will not increase and the inflation will not increase.
01:18If the central government addresses inflation through the budget,
01:23there is no chance of inflation.
01:25Inflation will be left to the RBI.
01:27In this situation, there is a lot of unemployment in the country.
01:35To address this, the central government has a responsibility to generate employment.
01:40In this budget, I can say that there will definitely be policies on this.
01:45There are many ways to do this.
01:47Because if roads are built, many people will get employment.
01:51Even small jobs will generate a lot of employment.
01:53But in this year's budget for roads, only 54% was spent.
02:01Railways was spent up to 67%.
02:06According to the ratio, it is correct.
02:08If you look at the defense, the cap extension in the budget is only 42%.
02:14If you look at the states, 49% was given and 67% should be given.
02:19If you address all these responsibilities, growth will increase.
02:23If employment is generated, if more money comes into the hands of the people,
02:27the discretionary amount will automatically increase.
02:30If it increases, consumption will increase.
02:32The reason for this is that the consumption is decreasing.
02:38That is, fast moving consumer goods,
02:40even in the middle-income group, due to the increase in expenses,
02:43they have started eating less than the food they bought from the ladies.
02:48As a result, the entire FMCG industry is under a lot of stress.
02:53What should we do now?
02:54New jobs should be created.
02:56New production-linked incentives should be given.
02:59Cap expenses should be increased.
03:00All these are under the control of the central government.
03:02They also have a lot of money, so they should do it in the budget.
03:06If employment should be generated,
03:08there are four things that should be done.
03:12One is economic and technical innovation.
03:15If there is a job in the finance sector,
03:17it is equal to the GDP of 10 construction companies.
03:21Even if the employment opportunities are less,
03:23innovation should be done in finance,
03:25and IT should be done more than technical.
03:27Another thing is,
03:28to do more business, the ease of doing business index should be reduced.
03:32I think they will focus more on the ease of doing business.
03:36When it comes to manufacturing,
03:38if the road construction increases,
03:41the manufacturing will be easier,
03:46so we should focus on that.
03:48Finally, the other thing is,
03:50if artificial intelligence and machine learning are developed,
03:54if the IT sector in India, which is famous all over the world, increases,
03:58foreign exchange will be beneficial.
04:00Since the currency is still weak,
04:02foreign exchange will be available in India.
04:05Will they invest in these four sectors for employment?
04:10Or will the central government arrange it?
04:13I think they will discuss it.
04:15Mr. Seshu, the unemployment rate has been high in the country for some time now.
04:19Even after taking some decisions on this in many budgets in the past,
04:22the situation has not changed much.
04:25What do you want to happen here?
04:26Inflation is increasing uncontrollably.
04:29Secondly, there is a high rate of unemployment in the Indian economy.
04:35Thirdly, the value of rupees is falling.
04:40In the last budget, 2024-2025,
04:43a lot of efforts have been made for the development of new talents and employment.
04:49Mr. Dharidhapu, for these two reasons,
04:53you have taken a decision to spend 2 lakh crores in the next 5 years.