AP_PRATIDWANI_19-46-17

ETVBHARAT

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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.

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