Budget 2024: The key takeaways | Jayati Ghosh | Arun Kumar | Faye D'Souza
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- Опубликовано: 9 сен 2024
- Union Finance Minister Nirmala Sitharaman presented her seventh straight Budget for the fiscal 2024-25 today. This is the year’s second - an interim one that was presented in February and a full one today. This is because an incumbent government cannot present a full Budget just before general elections. Faye D’Souza is joined by Dr Jayati Ghosh and Prof Arun Kumar to decode the key takeaways.
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An excellent analysis. It's great to hear Prof Arun Kumar being questioned by Faye D'Souza.
A very insightful analysis. Thank you. ❤
This was quite helpful and insightful. Thank you Faye
Commendable discussion and analysis by Sh. Arun Kumar ji.
Thanks so much for this excellent analysis. Gave us ordinary citizens a proper perspective and insight into what is show and what is the reality.
Excellent Q&A/discussion!! Prof. Arun Kumar & Prof. Ghosh are extremely knowledgeable, erudite, rational/logical & unbiased/fair!
Great conversation
Interesting and candid views by both interviewees! Thank you Faye D'Souza for covering different aspects of the budget.
Really a beautiful and worthy analysis
Thank you so very much, Faye, for bringing the 2 of the Very Best Expert Economists who are very intrinsically ingrained into the actual Socio-Economic scenario of the Country to discuss the Budget.
Cannot really verbalize how Wonderfully Enlightening and very close to Ground Realities the views if these 2 Brilliant Expert Professors are, for viewers to rise above the mindless, marketing cacophony of the Ruling Dispensation, and understand the unfolding economic disaster across the Country. Thanks once again Faye. Really look forward to your wonderful interviews with True Experts❤💐🙏👏
Excellent analysis!
Excellent discussion very knowledgeable ideas
Namaste
Very insightful discussion
There seems to be a great vacuum in understanding the economy in the Government Sector.
My question has always been : why we never analyse the previous budgets ie report card
Really needed.
Absolutely right, sir. That speaks of achievements to what one promised in the last budget. It helps us understand how goal posts are often changed YoY.
👌 Intellectual Insights
Thanks for having these stalwarts on ur show🙏
Loved the conversation! Thank you for this!
Excellent discussion. Prof Arun Kumar is perhaps the only one talking about billions of rupees in black money that influential people keep hidden in real estate and gold. These are the ones that can't be taxed and whose wealth keeps growing no matter what, jacking up the prices of real estate even in the pooresr regions. They are actually far more harmful to the conomy than any one industrialist, although I agree that there should be some kind of tax on the super rich. Again, I doubt that even congress will hurt these categories of priveleged people because they fund political parties.
Individuals should build a habit of both monetary thrift as well as resource thrift.
Such a tragedy... Great insights into the disaster we are experiencing.. our children have no future in our country!
Why not try out some other country where things are rosier !!! Look around the world and you will thank for being living in this country.
@@krishnaswami346😂😂😂😂. Things may not rosier in other countries but India is very special in every count! Anyhow , in other country indians may face racism. It is not other countries responsibility to look after Indians. Like a baby born by some dirty toxic parents does not mean other couple wiil take his/her responsibility. It's unfortunate that he/she have those kind of parents.
@@sigma8112 aap kehna kya chahte ho😂
@@krishnaswami346 very sorry, u couldn't understand. Some people will understand and some will not. There are some people who will not understand intentionally.
@@sigma8112 your English is too powerful !! Would be good if you can explain better.
Thanks Faye. Very informative, at the same time very discouraging..
Inspite of all despair and desperation, it is a great tragedy that the same governments are being repeatedly elected. Ofcourse the common man does not know the gimmicks of economics.
Concentrate on agriculture, steel, textile and fmg which employee's more than any big mobile manufacturer
Kudos to the entire team for bringing in such an intellectual panel of experts to the discussion.🎉
Excellent panel. 🎉🎉🎉🙏🙏🙏
Myopic views, surprised to see economists batting for MSP over increasing agri productivity, ensuring crop losses are prevented by insurance and formal future markets to ensure agreeable prices to farmers.
Disguised employement in agri implies we need other sources to mop up employment, either manufacturing or services which the new internship+employment schemes plan to do.
Was hoping there would be more disussion on this as its almost a bipartisan scheme with Congress manifesto too hinting at it.
Slightly disappointed :/
Stay Disappointed. Suits you perfectly😂
@@vikram1262keep supporting Rahul Khan agenda. This will suit your too. But as of now he is not in power. 😊😊😊
A disappointed budget for Manipur
Indeed. The state with the highest inflation rate in the country with huge losses to the economy due to the conflict and we are completely ignored. Add to that the worst rainfall and flooding in years. But we can't only blame the centre. Our CM who also holds the finance portfolio has done nothing to put pressure on the Modi- Shah duo. He's too busy being their chamcha.
The only people who are at the receiving end are common folk.
The most important issue should be in reducing our population, stop the growth of cities instead move development to hinterlands and create organized and unorganized jobs related to agro based, food chain, cold storage, solar implementation and maintenance, workshop, maintenance and flexible schooling towards ITI/diploma training programs for youth in machinery production, construction, electrical components and civil engineering, rural Healthcare based services.
With gdp , gst , tax collection all doing well , FM cud have been more adventurous and bold. First budget normally lays the bigger pitch
Good true analysis of the budget by Profs. Arun kumar and Jayati Ghosh
More than agree with Prof. Dr. Jayati Ghosh. 🎉
Missed u Ma'am for so long, U r a real Hope❤
Great information.
Excellent ❤
Wealth taxation and climate taxation is must for rich Persons.
Excellent show
Very informative but really worrying. In terms of employment we seem to be playing musical chairs more or less, with no great impact although there are TECH industries coming in and setting up.
But then why wouldnt the govt. listen to economists and get started in the multiplier effect through empowering the MSMEs and agro industries and rural development initiatives?
Are the economists wrong?..
Is our understanding wrong?..
Is it lack of competence in the govt.?..
Are we too late to solve this amiably??.. Like I said WORRYING...
Thank you again.
Very insightful ❤
Amazing content.
Very informative
Good one
Very good discussion
Is Professor Kumar on social media? Would love to follow him.
he's better off not on sm! waste of time and energy and precious life-time!
Hi Faye, thank you for the discussion. Professor made pertinent points but at times he's stretching it too much....could be better moderated. Love your content
Excellent honest analysis
Nice conversation with Two Professors. Thank you
Maam
You were more dynamic overall in the past .
Is the following attributes are the essentials to be a great leader or PAPPU.
1. No courage / skill / tactics / talent to face / tackle any burning issue.
2. Cannot boast of having solved any crisis.
3. Ignore / remain unnoticed of any crisis.
4. No courage to face Parliament.
5. To avoid facing Parliament / burning issues go on foreign tour.
6. No consultation / discussion on any matter . Independent / sole decisions leading to failure.
7. Lack of subject knowledge/ statistics to face Parliament , press , public.
8. Disrespect / ignore seniors, opposition leaders, experts.
9. Talks irrelevant, expert in DIVERTING burning issues.
10. Skillful marketing / boosting personnel image.
11. Enjoying luxurious life. Pretending to be leading simple life.
12. Expert in indirect corruption.
13. Always talks indecently, hurting others who opposes him.
14. No magnanimity, generosity in dealing opponents.
22:34 Businesses should pay tax on sales, not profit.
Ambani Adani Tata have to rise above their corporate interests and rise as statesmen.
I think you are looking at your phone while your guests are speaking. This gives a feeling that you are not listening😢
It's easy to criticise any budget. I would ask Arun what would you have done in the budget with actual numbers. Criticise criticise that's all. There is a team of experts who helped prepare the budget. You should tell them all of you think should be in the budget
So there should be no feedback at all and we should accept whatever is given just because it's designed by experts? What a silly logic. Discussion and criticism are reasons why any organisation or government or country progresses and makes amends.
@@Uff1234 I did not say no discussion. Yes by all means voice your views. However to say everything is negative does not make sense. There must be something useful. Mention some positives not only all the negatives. No budget in the world is perfect because of limited resources so there is something good and something not good. Discuss both. That is a real review of the budget.
@@hematramyadav3865 Because the budget is hardly positive. A state like Manipur that has the highest inflation rate (12.32%) in the country and which is entering its 15th month of conflict is completely ignored.
And there are hardly any changes in the investments and allocations.
The negatives far far outweigh the positives if there are any.
And whether you like to accept it or not, this certainly seems like a budget to appease its coalition partners.
@@hematramyadav3865 Both economists also did mention where the focus should be. If you re-watch it again, you'll understand it.
By the way, your original statement was trying to defend the budget in totality because it was created by a team of experts. This indicates you're guilty of bias as well, what you accuse these economists of. These economists are also financial experts just like the team of government financial experts.
@@Uff1234 In budgeting you can never satisfy everybody. For me after all the experts have reviewed that is the budget they came out with. My point is clear.You can criticise but not keep saying everything is wrong. Also for example you say agriculture allocation is low. Yes but the development is high so it's the focus. We can go on debating this till the cows come home. My point is there are limited funds and each person would have their own priorities. So the government has done what they think is right.
Ghosh Mam👍
Present budget shows that the government not have any intention to solve the basic problems of the people .
This negligence of unemployment will blow back very soon .there is a huge problem of employability and skill even basic softskill,the govt at the time of blow back will stifle it using forces.
This is major concern. Which is exactly why the schemes to skill labour and incentivise jobs is very important.
Good to know that the Govt is committed to put money into these schemes today, time will tell if the good intentions get converted into good implementation
Your audio system perhaps not properly working. Please check
I would certainly support a higher rate of tax say 40% for incomes above 1Cr. Pad it with privileges for them in government matters.
Modi, till now, has not been averse to failure. He was Chief Minister of Gujarat for 12 years and Prime Minister for 10 years. He has always enjoyed the pleasures of position, power, luxurious life and enjoying foreign tours & benefits. Modi has refrained from facing any controversial incidents (Chinese encroachments, Mizoram riots, natural disasters/riots in any state and many more). Courage and skill are necessary to face such dilemmas.
Now a person with such a mindset does not even imagine failure. Moreover, the memories of big scandals and cruel revenge on opponents for so many years make him more distressed and he is struggling to face the present situation. Because of that, his confused state is evident from talking about everything that seems to be untrue.
Arun Kumar sir 👍
The problem has always been putting bandaid to problems.. all previous and current governments and their babus are not really interested in solving real issues..
Take the example of unemployment... we all know AI is here, private sector jobs will reduce.. instead of fearing AI, can we change our courses in school and college curriculum to quickly introduce newer courses?
Can the government give a tax incentive of say 15000 rupees for people pursing courses in AI and skill development ?
These type of solutions are being done in countries like Singapore where the government "cares" for it's people...
Wishing we lived in an alternate reality where Prof. Ghosh was our FM.
taxing the wealth will do more bad than good, many will move out and inheritance tax will eventually be burdening the poor if we learnt anything from our politicians all the taxes that were meant for the welfare for the people are now burdening the poor. the rich will bypass the inheritance through private trusts which normal people have no idea about and eventually the lower high class and middle class will be the ones squeezed as we all know property value is ever increasing so even small income middle class may end up with high value property which they will have to loose with the inheritance tax. what they need to do is bring rules and system to prevent monopolisation of any industry and increase sme, it should be made profitable to be an sme than a corporate which no gov will do only this will put more money in many peoples hands instead of a handful of few, unless they talk about increasing msme/sme support and make them more profitable than a corporate producing the same product its a big fat honey laced lie that will bite poor and middle class people in the ass!
Statistics Shows Organization sector of India Capacity Utilisation are only 65%
Fiscal year 23-24
Because of No demand
Supply and demand
Balancing yet to be done by Finance minister
Madam Nirmala Sitaraman
The only point I find worthwhile is generating demand. I think govt should have given more tax breaks.
Heavily tax wealth above say five crores or say ten crores.. Huge black money in land real estate, gold and the like...
In other words implement Swaminathan report for farmers and give them MSP
Objective analysis of budget by specialist
What is the budget saying on macro level , direction to the country. Are v anywhere on path to Viksit Bharat ?
Is it fair to continue to exempt certain category of people from paying income tax even though they earn in lakhs and crores??? Need to address the issue....
Ancient indian temples have stood for hundreds of years without any issue because that were built out of devotion.
The best on budget ... Thank you Faye
BJP has cut the government jobs mercilessly and could not produce private jobs so people are unemployed and sitting at home living lives like beggars so how they will buy anything and that's the reason consumption is going down
In fact the Governments need to re-think. Indirect Taxes need to be reduced substantially. Direct taxes need to be increased, the people paying direct taxes will be able to question the Governments better.
Of course inequality in income is an issue , but the elephant in the room is that there is a complete lack of FOCUS in governance . Visibly , no concern about Education , Health and Agriculture .
Education, Health, and agriculture are state subjects. It is funny we don't make CMs and our local MLAs accountable and expect someone in Delhi who is not the owner of that job to solve the problem. Indians have poor understanding of Whome to hold accountable for which sectors. We don't hold local corporators accountable for taraffic jams, we don't hold local MLA accountable for health and education and agriculture, we don't hold the central minister accountable for foreign affairs and defense preparedness and other similar international engagement issues.
How will government create jobs? Governments can only create the conditions. Too much of gripping and sniping not enough substance.
Huge wealth tax could only save this country..
The budget allocated for infrastructure in last budget have been watered down. The collapse of bridges in Bihar, Maharashtra, Uttarkhand, Himachal bespoke of rampant corruption. Tax payers money gone into the pockets of corrupt politicians
The lady said: 1. MNREGA 2. Some equivalent in urban area 3. Expand government services 4. Micro enterprise support in marketing etc. Facts MNREGA people do no work, similar story with urban MNREGA, Govt services are hugely inefficient (UPs teachers do not want to teach! Besides I know many other cases) Micro enterprises- mixed story- many of them do not try to grow, They are happy staying micro. These so called economists have no solutions. They only harp on failed solutions.
definitely their tax budget which is going to effect middle class and others will be reversed or altered correctly
We are living in complex times. While these analyses are insightful i suspect that they only tell part of the story as read from their ideological standpoints.
The indian economy is like the proverbial elephant. And the economists describing it are like the blind men (or women) ; each touching a part of the animal and taking it for the whole.
As a citizen of India I'm not sure anymore that the Government (not only this but future ones too) can be relied upon to make all citizens happy all the time.
Every Government has its own agenda that inspires its vision. And this vision will always be a partial one. It will focus on a certain class, activity or sector at the expense of others.
Technology - particularly AI and automation - is another disruption waiting to happen. No government can anticipate its impact.
Perhaps all that a government can do (and ought to do) is set the ground work for good quality primary and secondary education (including technological skilling), affordable nutrition, reliable health care and dependable public infrastructure .
Leave the rest to the people to figure out !!
Very bad audio
I believe it's time to have one more DE-MO.
That yoga swami can be the advisor. Prof. Arun Kumar is not a match.
He doesn't appreciate the government dictat to the international fortune 500 cos. to give our unemployed youth.
We made our SEBI (OR IS IT EC?) to send a show cause notice to Hindenburg for preventing Adani from making black money. People should appreciate good work. Don't always blame FM. Leave it to Dr. Parabola.
Modi is PM for the past @ 10 years . Let us analyze the reasons for which Modi was elected as PM.
Is it because of his sacrifice, talent , administrative skills , reliability, leadership qualities , integrity , ect which are essentials to be a leader forget about being great leader.
He manages to continue as PM because ‐ being a gujarati he is master in marketing . He is skillful in marketing POLITICS by selling RELIGION, CASTE , LANGUAGE ect.
People of this great nation were happy , peaceful , patriotic by adopting UNITY IN DIVERSITY. Modi wants UNIFORMITY AT THE COST OF UNITY.
Thanks
Thank you so much, Aditi!
WANTED
PRIME MINISTER
* Should posses talent , administrative skills , reliability, leadership qualities , integrity , ect
* Should NOT LIE to people.
* Compassionate & People Friendly.
* Should be capable of holding PRESS CONFERENCES answering tough questions.
* Open to CRITICISM.
* Visionary with analytical & Futuristic approach.
* CONSULTS experts before finalizing important DECISIONS.
* FOCUSES on DEVELOPMENT more than PR & MARKETING.
* Believes in unified functioning of state machinery.
* Has an AUTHENTIC educational qualification.
SHAMELESS BUDGET BY UNDEMOCRATICALLY POSTED CHAMCHA FM
Casteist identified. How is undemocratic? Will you say Dr Manmohan Singh was undemocratically posted chamcha PM?
Agreed . I am from Delhi. I gave 100 per cent seats to BJP. I am being penalized. Every party in NDA should withdraw their support. We should show BJP their place.
Woke up a bit too late. Keep this wisdom with you till 2029 and ensure that you vote smartly
Bring the islamist congress party or TMC into governance.
@@krishnaswami346 Shame on you brining religion into this. Narrow minded regressive thinking.
@@Uff1234 who is bringing religion??? Is it not the Congress and TMC?? Iam just saying what they are saying?? Guess you are not indian that is why you made this comment !!!
@@krishnaswami346 You calling the Congress Islamist is showing your bigoted mindset. On top of that, you're saying I'm not an Indian because I disagree with you. Typical of an andh bhakt to question the Indianness of anyone the moment they criticise Modi.
Madam, you are trapped when you find something to say about 40 odd th. cr. for two states out 50 odd lakh crore kitty. And the typical voice was opining as if wealth tax, which is undoubtedly a very necessity, has already come to many many countries.🙏🙏🙏
In short... modi ji & co. dhokla economics...🤗
😂😂😂 First of all pappu khan and his Italian mother are responsible for our current situation in Andhra Pradesh, a prosperous state has been divided to gain politically changed our entire fate for generations, first congress and and allies don't have any right to speak on Andhra Pradesh those the guys who laughed at when state was bifurcatied, then these fellows were enjoyed when we are full of tears 😢, that crime was committed by members of Karnataka, tamilnadu, Maharashtra, Kerala, Madhya Pradesh etc... now no one has right to speak, no capital, no companies, no jobs, fully debt trapped, we lost hope on our future.
It can be inferred from the past 10 years of prime minister modi's misdeeds/mismanagement, Modi doesn't have the ability / skill/ talent to manage coalition govt.
From the way modi always speaks so INDECENTLY ( most hateful , divisive in nature , unparliamentory ) , lowering the Status , Dignity of the position of a PRIME MINISTER
* Modi /BJP always waiting and ever ready and crosses all standards of decency to amplify isolated events.
* Modi / BJP, will add masala to even silly matters and blow it out of proportion.
* Modi always talks about IRRELEVANT SILLY MATTERS, neglecting CORE ISSUES LIKE UNEMPLOYMENT, INFLATION & TOPICS OF NATIONAL IMPORTANCE .
* They NEVER talk about thier achievements of past10 years and the plan for the future.
* Modi always talks about VERY OLD ISSUES,topics ( POSTMORTEM) about Pandit Nehru ect.
vote bank politics
Demonetization is the malignant cancer, it will haunt Indian economy for decades
Perhaps you are disappointed with the beginning of collapse of Pakistani economy from the month after demonetization came into play till date. Fake currency printing economy of pakistan collapsed which you may know very well and hence your disappointment with demonetization.
Agree with Krishnasamy. Why you hate Modi just because he is a Hindu? Demonetisation is almost 10 years before. Have some sense.
@@venkataramanankrishnan5012 you got it right. Modi and BJP is the means through which they show their hate to all things Hindu. They are converts and need to show their masters how committed they are to the rekigion of their masters to which their ancestors converted.
For Arnab doors opened in midnight. But for Umar Khalid and Sharjeel Imam milords looks other way
BJP is not mending. It is still harping on polarization