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Ap_Pratidwani_19-31-17
ETVBHARAT
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1/10/2025
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00:00
Mr. Prasad from Vivekam Financial Services MD and Dr. Thirunahari Seshu from KU Ardhaka Sastra Department.
00:06
Mr. Seshu and Mr. Prasad, Namaste.
00:08
Mr. Prasad, let us start with you.
00:10
Sir, in a few days, the NDA Government is going to introduce the budget for the first time in 3.0.
00:16
Then, this time, how are the budget priorities going to be?
00:19
Actually, we all try to highlight the budget in the TV program.
00:25
Actually, that is like a passing statement.
00:27
The difference between then and now is that,
00:30
before that, there were various types of taxes,
00:32
such as sales tax, various access duties,
00:35
and many other types of taxes.
00:36
All these were unified and subsumed here.
00:40
Now that GST has come into play,
00:42
there is no need to give so much importance to this budget.
00:46
Why?
00:47
Because the budget is decided by the Finance Minister.
00:53
GST cannot decide on its own.
00:57
Because there is a separate council for that.
00:59
They meet regularly.
01:01
According to that consensus,
01:02
all the people from all the states will come together and decide.
01:05
So, the Finance Minister has a little less right to do so.
01:09
Otherwise, there is direct access.
01:11
Even in direct access,
01:12
even now, due to the changes in diplomacy,
01:15
even if they say that they will make it easy,
01:17
they say that they have made it difficult.
01:19
Practicing chart accountants and SSEs say so.
01:21
But for SSEs,
01:23
there is a reduction in the number of people
01:26
who come to the Income Tax Office.
01:28
Because of this,
01:29
there is a little more clarity due to the faceless assessment.
01:32
There is a chance to breathe a little.
01:35
So, in the next 50 days,
01:37
the main goal of the Finance Minister is
01:41
how to make sure that the economy in our country is kick-started.
01:45
Because there is a little stability,
01:47
if you want to revive it,
01:48
you have to say what decision to take.
01:50
Because giving a budget is different from assuring it.
01:53
For example,
01:54
last year,
01:55
they gave us an interim budget,
01:57
and then they gave us a final budget.
01:59
After that,
02:00
if you look at the capital expenditure,
02:04
it is very unfair.
02:05
It is so unfair that no one can imagine.
02:08
If you look at it now,
02:09
till the end of November,
02:10
December,
02:11
it has not come yet,
02:12
but only 48 percent.
02:14
In the entire year,
02:16
the central government spent only 48 percent.
02:19
Similarly,
02:20
from the central government,
02:21
to the state government,
02:22
for the capital expenditure,
02:23
for example,
02:24
I will give you a loan for 50 years without interest.
02:26
If you pay the capital expenditure,
02:28
the GDP will increase.
02:30
They did not release loans to them.
02:32
Now,
02:33
if you open your eyes so slowly and say,
02:35
we will relax all those conditions.
02:37
They said,
02:38
we will give it to you too.
02:39
Because of that,
02:40
in this budget,
02:41
there will definitely be a proposal for it.
02:43
According to my opinion,
02:44
it will definitely be there.
02:45
So,
02:46
we have to say that
02:47
this kind of situation will not happen again.
02:49
Otherwise,
02:50
the government is the biggest spender
02:52
in any country in the world.
02:54
If they spend a lot,
02:56
all companies,
02:57
all businesses,
02:58
and all sectors
02:59
will have the opportunity
03:00
to give a little money.
03:01
The economy will be greased.
03:03
If that does not happen,
03:04
the GDP will definitely increase.
03:06
It has already come to 5.4 percent in September,
03:09
so it looks like it has already increased a little
03:11
in the quarter that started in December.
03:13
Because,
03:14
when the government spends,
03:15
the private sector also plays a role.
03:18
But,
03:19
if the government is hiding it carefully,
03:21
the private sector will not come forward.
03:23
So,
03:24
it should definitely be addressed.
03:26
Along with that,
03:27
employment generation.
03:28
We can talk about that later in this discussion.
03:30
Okay, sir.
03:31
According to my opinion,
03:32
we should focus more on this.
03:33
Mr. Seshu,
03:34
the common people,
03:35
the poor,
03:36
the middle class,
03:37
and the middle class.
03:38
When you look at it like this,
03:40
who is responsible for the budget?
03:42
Whenever the budget is introduced,
03:44
there will be influential people in that budget.
03:46
These influential people will always be
03:48
looking forward to the budget.
03:50
Among these influential people,
03:52
there will be mainly the poor.
03:54
When the poor people see,
03:55
when the budget is introduced,
03:57
they will be looking forward to the benefits
04:00
and benefits that will be given
04:02
on the basis of income.
04:05
Secondly,
04:06
the middle class.
04:07
If we look at the economy of India,
04:10
the middle class is 39 percent poor.
04:13
In an estimate by a company called Praizal,
04:16
the middle class is 39 percent poor.
04:18
To build up this growing population,
04:22
the Finance Minister is looking forward to the middle class
04:25
to see what policies the Finance Minister
04:27
is going to take in this budget,
04:29
and how it is going to support us.
04:30
Then, the poor and the common people.
04:32
What do the poor and the common people see?
04:34
What are the benefits that we are going to get
04:36
from the budget,
04:37
and what are the benefits that we are going to get
04:39
from the existing budget?
04:41
What are the new policies that are going to be introduced?
04:44
This is what the poor and the common people
04:46
are going to see.
04:47
Fourthly,
04:48
the poor and the common people
04:50
will be looking forward to the budget.
04:52
What are they going to take in this budget?
04:54
What are they going to give to the poor and the common people?
04:57
What are they going to encourage?
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