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ETVBHARAT
  • 1/8/2025
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Transcript
00:00If we look at the economy of India, the middle class has 39% poverty.
00:06The middle class has 39% in an estimate made by a company called Pryze.
00:12So, the Minister of Finance is waiting for the middle class to come up with a solution for the rising poverty.
00:23Then, the poor and the common people.
00:25What the poor and the common people are waiting for is the benefits that we are going to get from the budget.
00:34The common people and the poor are waiting for what the new benefits are going to be.
00:40Now, the fourth category is the working class.
00:45What decisions are they going to take in this budget?
00:47What are the weapons they are going to give to the working class?
00:50What are the incentives they are going to give?
00:52What are the methods they are going to use in the MSMEs?
00:55What are the methods they are going to use in the SMEs?
00:58What are the terms of trade and tariffs they are going to use?
01:03For example, if you look at the 2024-25 budget,
01:07they brought a new tax called Angel Tax in the previous budget.
01:13They cancelled it in the previous budget.
01:15This is a protest.
01:17They cancelled the Angel Tax that they brought to the MSMEs.
01:23This is a protest against the tax that was brought to the startups and the unlisted companies.
01:31So, the working class is always waiting for the benefits and the weapons that they are going to give.
01:36What are the incentives they are going to give?
01:38What are the methods they are going to use in the SMEs?
01:40What are the methods they are going to use in the SMEs?
01:42What are the methods they are going to use in the SMEs?
01:45So, these four categories are affected by the budget.
01:49We can see that the affected categories are always waiting for the benefits that are going to come in the budget.
01:57So, since it is a budget that affects the entire economy for a year,
02:02the budget will definitely have the opportunity to show the economy of India for a year.
02:11So, all these categories will definitely be affected by the budget.
02:15So, we have to see that the budget will have such priority.
02:19Mr. Prasad, you have increased the burden on the workers.
02:22If you want to make it easier for the workers, you are increasing the burden on the workers.
02:25What is wrong in the middle class people who are getting depressed due to the increase in taxes,
02:29hoping for income tax relief?
02:31Why is the central government not taking it seriously?
02:34If the central government has to give relief, it is difficult to give it to the same group of people
02:40because it is a budget that affects the entire country, not just one person.
02:44But what I feel is that the governments in the world are always saying that they will give relief to the poor.
02:54If they are giving it for free, it is like giving it in their pockets.
02:57Since the middle class people pay more taxes, they are collecting taxes from them and giving it for free.
03:05Many people have this feeling.
03:07But what needs to be noted here is that if the government goes to an inter-ethnic group in India,
03:13there is no poverty in our country.
03:15There is not even 80 million.
03:17That is, they say that there is no poverty in our country for a maximum of 8 crore people.
03:22On the other hand, they say that they are giving free ration to 81 crore people.
03:29Both of these seem to be opposite feelings.
03:32Because, if there are no poor people, it is doubtful that they will give free ration.
03:38To continue the COVID situation, we do not need people who pay taxes according to our feelings.
03:44If they reduce it, we can reduce the tax, right?
03:47But what the Prime Minister said is that if people are given healthy food,
03:52if their health improves, they will have less need for medicine.
03:56So, their feeling is that there is no need to spend more on medicine.
03:59In the last 9-10 years, the number of people who pay income tax has increased more than double.
04:06The reason why their income has increased significantly is not only because of the increase in income,
04:10but also because of the increase in digital transactions, more people are being tracked.
04:14Before that, many people used to handle it in cash.
04:17Now, due to Google Pay, phone pay, and other means,
04:21transactions are made in bank accounts and people's accounts are also tracked.
04:26Until then, the tax to GDP ratio was in a very unfair place in India.
04:32All the facilities we need are not just for paying taxes.
04:39So, by increasing the tax to GDP ratio,
04:42if you look at it now, the income will be around 20 lakh crores.
04:47Similarly, the GST will also be around 1 lakh crores.
04:52So, if the government receives a total of 45 lakh crores in income,
04:57out of that, around 11 lakh crores will be...