Bibek Debroy is a genius of a man. Glad to have him as chairman of PM's economic advisory council as India rebuilds itself into Bharat - The Civilization State.
The discussions if listened to by anyone irrespective of their educational background in full should be an eye opener of India's position in economic development taking place visa vis Global economy. 👍👍
People not in direct tax bracket are the ones having angst. They would like their incomes to rise and rise so that they can pay income tax. My dream is to pay personal tax of 1 crore per year as it would automatically mean that my taxable income is around 4 crores.
Sir if you wanna increase the tax collection and want to give relief to middle class then you must make a law under which farmers also came in income tax area , because many farmers earning is so high and tax is zero
@@parivrajaka306 I agree, ek example deta you tube pe ek Ca Sachin krke hai vo btate hai ki Himachal ke farmer ne 200 crore ke apple beche aur tax diya zero , notice aya par solve lakh 2 lakh me solve ho gya , ab socho farming ke naam pe kya corruption chal rha hai
@@neelashsharma5920 yes agree there are rich farmers but it's a volatile topic government will become unpopular. Farmer are easy to mobilse and unionise against government compared to educated IT middle class etc. so govt will not touch farmers
Inequality in access doesn't mean only public infrastructure....a big example of inequality in access is access to capital....till the time public sector banks exist and capital markets are underdeveloped, only a few are having access to capital in a capital starved economy....this problem is going to bite us one day or the other
Corruption is symptom and not the actual illness. It's root lies in what and how you will buy with how much amount. Corruption is directly related to the expenditure one could to own basic needs (note basic need is here to be defined as per market, so currently basic need is dining at premium restaurants, owning intnl std premium vehicles, owning premium villas, have education from premium institutions, having worldclass premium Healthcare, etc.). Everyone who becomes babu with govt job, working as white collar job in MNC, businessman doing 1 to 100 for profit, etc.. is doing it. Until real basic needs are identified and account for only 20% of ones income this will never get resolved. Allow people to travel more spend more domestically, increase basic income for the lowest of the lowest and 90% corruption will automatically go, as Bhartiya mindset is actually savers paradise, not otherwise. 🙏
in West Bengal nd Karnataka nd Kerala.... definately Yes. West bengal is literally a Taliban state Now Karnataka is going down in shit whole day by day nd Kerala is a Marxist shit show always
Mr. Debroy has completely ignored the question of utilization. This may befit a government servant but not an economist. No matter how much tax people pay, if they are pilfered by nexus of babus, politicians and cronies then 15, 20 or 55 is merely academic numbers. Road is a very good example, while it is true that national highways are being built and renovated the city roads are a series of potholes. This the same in so-called megacities like Mumbai, Gurugram and Bengaluru.
@@nationalist7347 Of course! From a taxpayers perspective both are "government". Even central government funds are not utilized efficiently. Much is wasted in buying excess food articles, leakage in welfare and general corruption in government bodies.
@@taniabachhar2962Highways are under the central government. Just look at the condition of those highways and I'm paying toll taxes for such shit roads
Most of the industrial regulations must have evolved in the Nehru and Indra period. Subsequently the govt officers were running business by changing a clause or comma or inserting a word at huge price in collusion with companies. So no wonder that whole thing must be in a grotesque shape.
Not even a ținy fraction of the scholarly, modern books on the shelves behind you is in Hindi or any major Indian vernacular. A civilizational country of 1.5 billion people with a millennia-long written scholarly heritage, even after three-quarter century of its independence, has categorically failed to promote and modernize any of its language for functioning in scholarly, academic, judiciary, administrative, technological, and industrial realms. Extremely sad, self-destructive, and unimaginable how you’ve promoted and perpetuated a professional and educational ecosystem which incessantly and irreversibly keep sidelining, hollowing out, and depleting your federal and provincial languages.
@@sachindivakar632 I’m Iranian. You should change your language and educational policy to salvage your heritage. Never seen a big civilization self-destruct all its major languages like what you did. Tiny Baltic, Balkan, or Caucasian countries and Israel, each produce more books in their tiny languages than each of your major languages. Pitiful.
@@djsjsjjejebfbdj This is your slavish, self-pitying mindset. You should change your language and educational policy to salvage your heritage. Never seen a big civilization self-destruct all its major languages like what you did. Tiny Baltic, Balkan, or Caucasian countries and Israel, each produce more books in their tiny languages than each of your major languages. Pitiful and
Nonsense about the taxes....it's just theft of money from people who work hard. You can do away with the income tax which is useless, and maybe introduce a consumption tax or transaction tax instead...
the anger among the income taxpayer is because of high tax avoidance by people. There are millionaire farmers who do not pay tax, Amitabh Bachan is registered as farmer in Uttar Pradesh, Despite GST, entrepreneurs, traders and working professionals who are self-employed avoid paying taxes. People in India unlike, Bibek Debroy' s "expectation theory", are not rational enough to make such expectations, nor do they read neither they know how much expenditure is optimum for which sector. The salaried class just feels it unjust that they are paying income tax more than people who are better off than it. Thye really do not care about the quantum of expenditure on education, rather they just despise the fact that after giving so much of direct and indirect tax in proportion to their income, the quality of government school is not worth sending their children there. As data put by Gaiutam, The tax collection has increased but just 2.3% of people actually pay income tax and just 7% file ITR which is not in consonance with the size of our economy, consumption and high inequality prevalent in India. Thus, this anger can be managed by expanding tax net, curb tax avoidance and evasion and giving relief to taxpayers in the lower income bracket.
As expected this useless advisor has helped make a useless budget for the country.. the man more interested in mythology has been a disaster for the economy
Useless advisor making usless budget big talks no substance! Take money from salaried class and freebies to poor and that you call payoff to taxpayer 😂
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Bibek Debroy is a genius of a man. Glad to have him as chairman of PM's economic advisory council as India rebuilds itself into Bharat - The Civilization State.
he is a flop when it comes to jobs..copyin congress manifesto
The educated middle class, expects this kind of discussion and depth from the parliamentary debate. ❤
Wonderful discussion. Liked the last 30 minutes the best. Community model of governance is fantastic. We have to de colonize. Jai Bharat 🙏 1:54:51
Wonderful discussion. We could know many things. Many people shall encourage themselves to know about India that was.
Excellent high quality conversation
A very good discussion. Kudos to both hosts. Yes we as Indians needs to keep our connection with roots strong.
Two of my favourite economists and authors 🙂
The discussions if listened to by anyone irrespective of their educational background in full should be an eye opener of India's position in economic development taking place visa vis Global economy. 👍👍
Good Afternoon Sir have a wonderful day from india Gujarat Anand
Excellent super quality discussion, thanks 🙏
Very interesting and informative discussion.
Very insightful discussion.
Excellent analysis
Extraordinary individual 🫡
Rising bharat 🇮🇳
Deep and simple
People not in direct tax bracket are the ones having angst. They would like their incomes to rise and rise so that they can pay income tax. My dream is to pay personal tax of 1 crore per year as it would automatically mean that my taxable income is around 4 crores.
Awesome
Super conversation
I love vivek, straight to the point 🎉🎉😂😂
Sir if you wanna increase the tax collection and want to give relief to middle class then you must make a law under which farmers also came in income tax area , because many farmers earning is so high and tax is zero
Rich farmers will use poor farmers and protest like in Punjab
@@parivrajaka306 I agree, ek example deta you tube pe ek Ca Sachin krke hai vo btate hai ki Himachal ke farmer ne 200 crore ke apple beche aur tax diya zero , notice aya par solve lakh 2 lakh me solve ho gya , ab socho farming ke naam pe kya corruption chal rha hai
@@neelashsharma5920 yes agree there are rich farmers but it's a volatile topic government will become unpopular. Farmer are easy to mobilse and unionise against government compared to educated IT middle class etc. so govt will not touch farmers
Please title and thumnail sahi karo... Usme guest ki info rakho.. Mai abhi dekhne nhi wala tha.. Discussion to valuable hai
Inequality in access doesn't mean only public infrastructure....a big example of inequality in access is access to capital....till the time public sector banks exist and capital markets are underdeveloped, only a few are having access to capital in a capital starved economy....this problem is going to bite us one day or the other
Corruption is symptom and not the actual illness. It's root lies in what and how you will buy with how much amount. Corruption is directly related to the expenditure one could to own basic needs (note basic need is here to be defined as per market, so currently basic need is dining at premium restaurants, owning intnl std premium vehicles, owning premium villas, have education from premium institutions, having worldclass premium Healthcare, etc.). Everyone who becomes babu with govt job, working as white collar job in MNC, businessman doing 1 to 100 for profit, etc.. is doing it.
Until real basic needs are identified and account for only 20% of ones income this will never get resolved.
Allow people to travel more spend more domestically, increase basic income for the lowest of the lowest and 90% corruption will automatically go, as Bhartiya mindset is actually savers paradise, not otherwise.
🙏
We live in tropical regions make policy like temperate region.
Corruption at lower levels is rampant. . Gautam is right. 1:11:14
in West Bengal nd Karnataka nd Kerala.... definately Yes.
West bengal is literally a Taliban state Now
Karnataka is going down in shit whole day by day
nd Kerala is a Marxist shit show always
😂😂lol best joke of the century
Already done in Maharashtra 5 years back then villagers put in lot of phycial Lebour and money for water conservation scheme Jalyukta Shiva Abhigyan
🙏
First thing stop taxing income can continue taxing consumption with GST
wow
Mr. Debroy has completely ignored the question of utilization. This may befit a government servant but not an economist.
No matter how much tax people pay, if they are pilfered by nexus of babus, politicians and cronies then 15, 20 or 55 is merely academic numbers.
Road is a very good example, while it is true that national highways are being built and renovated the city roads are a series of potholes. This the same in so-called megacities like Mumbai, Gurugram and Bengaluru.
😂 but those falls under state govt not central govt job😂
@@nationalist7347 Of course! From a taxpayers perspective both are "government". Even central government funds are not utilized efficiently. Much is wasted in buying excess food articles, leakage in welfare and general corruption in government bodies.
Go nd Ask your MLA who you voted for to do their job. simple. It's not central govt job to go nd fix your local road.
@@taniabachhar2962Highways are under the central government.
Just look at the condition of those highways and I'm paying toll taxes for such shit roads
@@anujsethi7845 which state??
He is on government payroll he will give one side of view that's obvious.
Most of the industrial regulations must have evolved in the Nehru and Indra period. Subsequently the govt officers were running business by changing a clause or comma or inserting a word at huge price in collusion with companies. So no wonder that whole thing must be in a grotesque shape.
fix the mic gautam.
not very cnvincing..and Gautam quickly cuts to next question without any followup..especially on how to curb corruption w.r.t to regulations..
This anglosaxon man talks just like Sir Bernanrd from Yes Minister and his Jargon is the same.
Not even a ținy fraction of the scholarly, modern books on the shelves behind you is in Hindi or any major Indian vernacular.
A civilizational country of 1.5 billion people with a millennia-long written scholarly heritage, even after three-quarter century of its independence, has categorically failed to promote and modernize any of its language for functioning in scholarly, academic, judiciary, administrative, technological, and industrial realms.
Extremely sad, self-destructive, and unimaginable how you’ve promoted and perpetuated a professional and educational ecosystem which incessantly and irreversibly keep sidelining, hollowing out, and depleting your federal and provincial languages.
Exactly. Aur socho kis bhasha me ye comment likh rahe ho
Make a Mission to Translate All In Hindi and other Languages.
Everything should be in english
@@sachindivakar632 I’m Iranian. You should change your language and educational policy to salvage your heritage. Never seen a big civilization self-destruct all its major languages like what you did. Tiny Baltic, Balkan, or Caucasian countries and Israel, each produce more books in their tiny languages than each of your major languages. Pitiful.
@@djsjsjjejebfbdj This is your slavish, self-pitying mindset. You should change your language and educational policy to salvage your heritage. Never seen a big civilization self-destruct all its major languages like what you did. Tiny Baltic, Balkan, or Caucasian countries and Israel, each produce more books in their tiny languages than each of your major languages. Pitiful and
He is talking rubbish and behaving like sycophant of modi govt.
Nonsense about the taxes....it's just theft of money from people who work hard. You can do away with the income tax which is useless, and maybe introduce a consumption tax or transaction tax instead...
the anger among the income taxpayer is because of high tax avoidance by people. There are millionaire farmers who do not pay tax, Amitabh Bachan is registered as farmer in Uttar Pradesh, Despite GST, entrepreneurs, traders and working professionals who are self-employed avoid paying taxes. People in India unlike, Bibek Debroy' s "expectation theory", are not rational enough to make such expectations, nor do they read neither they know how much expenditure is optimum for which sector. The salaried class just feels it unjust that they are paying income tax more than people who are better off than it. Thye really do not care about the quantum of expenditure on education, rather they just despise the fact that after giving so much of direct and indirect tax in proportion to their income, the quality of government school is not worth sending their children there. As data put by Gaiutam, The tax collection has increased but just 2.3% of people actually pay income tax and just 7% file ITR which is not in consonance with the size of our economy, consumption and high inequality prevalent in India. Thus, this anger can be managed by expanding tax net, curb tax avoidance and evasion and giving relief to taxpayers in the lower income bracket.
Bibek is just defending the gormint and trying to sound clever.
he is the master of bullshit..thi anchor also sounds like a chamcha
As expected this useless advisor has helped make a useless budget for the country.. the man more interested in mythology has been a disaster for the economy
Useless advisor making usless budget big talks no substance! Take money from salaried class and freebies to poor and that you call payoff to taxpayer 😂
Listeing tio this Bibek and the other fellow you would think India doesnt have any pressing issues..what a bunch of dolts..
where are jobs increasing? this anchor is a liar..