Ts_Pratidwani_19-44-02

ETVBHARAT

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00:00What do you think is the need and necessity for this?

00:04Every time when these farmers are entering this budget, they expect to increase their income.

00:12In the vote-on-account budget before Lok Sabha, and in the full budget after Lok Sabha,

00:20the Minister of Finance has given some incentives.

00:23By bringing in new jobs, old jobs, and other types of jobs,

00:27the income has been increased to Rs. 3 lakhs.

00:30So, those who have an income of Rs. 3 lakhs a year will pay zero tax.

00:34But those who have an income of Rs. 3 lakhs to Rs. 7 lakhs will pay 5% tax.

00:39Those who have an income of Rs. 7 lakhs to Rs. 10 lakhs will pay 10% tax.

00:43Those who have an income of Rs. 15 lakhs to Rs. 50 lakhs will pay 30% tax.

00:48So, we have brought in a slab system.

00:51So, if you look at how much income you will get from any job in the full budget,

00:57what you will see clearly in the 2024-25 budget is that,

01:01if you get an income of Rs. 17 from a corporate job,

01:06if you get an income of Rs. 18 from a GST job,

01:09the highest income source through income tax will come to the government,

01:14and it will come from the poor.

01:16So, income tax is the highest revenue contributor in the budget of the central government.

01:22So, if you get an income of Rs. 1,

01:24you will get an income tax of Rs. 18.

01:28Now, after the employment culture came,

01:31in India, the income tax payer's net has increased.

01:35That is, the number of people who pay has increased.

01:38It could be due to the employment culture, or it could be due to the technology system.

01:43In the past, there was a lot of unemployment.

01:46Especially, there was a lot of unemployment in income tax payments.

01:50Now, due to the decrease in unemployment and unemployment tax,

01:54the tax network has increased.

01:56The revenue that comes to the government through income tax has increased.

02:00Finally, the revenue that comes to the budget through income tax,

02:05is more visible to us.

02:07So, the income tax payments have increased in India.

02:26Mr. Prasad, the current country is facing a lot of unemployment.

02:30Income tax rates and economic decisions are also based on this.

02:34Earlier, you said that if inflation increases, where will you get more income tax from?

02:38So, what can we do with the budget for that?

02:41What the central government can always do is,

02:44to make its policy fiscal, contractional, expansionary, or neutral.

02:49Otherwise, the RBI has to address inflation.

02:52Monetary policy says that if the money supply increases, inflation increases, and if it decreases, it decreases.

02:57So, what we have to do is,

02:59if the savings from the public comes to the RBI,

03:02and if the RBI gives a loan, the GDP automatically increases.

03:05If the GDP increases, the money does not increase without inflation.

03:09So, what we have to see here is,

03:11if the central government addresses inflation through the budget,

03:15there is no ordinary opportunity.

03:17Inflation will be left to the RBI.

03:19So, what we have to see here is,

03:21in a country like this, unemployment is very high.

03:26So, if we have to address it,

03:28the responsibility of generating employment lies with the central government.

03:32In this budget, I can say that there will be at least 100-110 policies.

03:35There will definitely be policies on it.

03:37How will it be? There are many ways.

03:39Because, if roads are built,

03:41many people will be able to generate employment.

03:43Even small jobs will be able to generate a lot of employment.

03:45But, if we look at the worst case scenario,

03:47in this year's budget for roads,

03:50only 54% was spent by November.

03:53Only 67% was spent on railways.

03:58According to the ratio, it is correct.

04:00Also, if we look at the defense,

04:02the self-reliant India said that

04:04only 42% was spent in the budget.

04:06If we look at the states,

04:08only 49% was spent.

04:1067% should be given.

04:12If we take the responsibility to address all this,

04:14growth will increase.

04:16Otherwise, if employment is generated,

04:18if more money comes into the hands of the people,

04:20the discretionary amount will automatically increase.

04:22If the discretionary amount increases,

04:24consumption will increase.

04:26At present, the reason why India is suffering a lot

04:28is definitely the reduction in consumption.

04:30That is, fast-moving consumer goods.

04:32Even in the middle-income group,

04:34due to the increase in expenses,

04:36people have started eating less

04:38than the food they used to buy.

04:40Due to this, the entire FMCG industry

04:42is under a lot of stress.

04:44What should we do now?

04:46New jobs should be created.

04:48New production-linked incentives should be given.

04:50Cap-expenses should be increased.

04:52All these are in the hands of the central government.

04:54Since they have a lot of money,

04:56they should do it in the budget.

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