People earning around and below 25000 per month really appreciate the free food grain they are getting for their family and feel very safe against possibility of hunger. Similarly they also appreciate things like free electricity and free bus travel.
1. Mr. Vajpayee actually believed in the free market and economic reform. A tragedy for India that he lost in 2004. Mr. Modi does not want to risk losing any elections which is why he backed down from the farm reform and other reform - it sort of makes sense as you can't do much if you are not in power. To quote Mencken - "Democracy is the theory that the common people know what they want, and deserve to get it good and hard." But they should at least reduce their stake in all the PSUs to 51%. 2. The government is unable to provide a decent quality of life to the middle class(the problems are too hard and it will take a long time to fix). So as compensation, they should at least not tax them to death. If nothing, at least increase the tax free allowance. Try and simplify the tax bands and system as much as possible so that the corrupt babus in the tax department have fewer opportunities to demand bribes. 3. Perhaps issue more bonds targeted at NRIs like RIBs for 5/10/15/20 years and then use the money collected on projects that are not necessarily valued by the freebie/revdi/affirmative action class but need to be completed for India's long term benefit for eg. investing on R&D, defence, space, atomic energy etc.
Spot on point 1. Vajpayee carried out reforms with conviction and it was India’s loss that he lost in 2004. Rao was compelled due to the macroeconomic situation. Modi could have used his huge majority to pursue reforms but after some initial attempt, realpolitik prevailed.
At 7:33 she says net tax is growing slower because of increase in devolvement of money to the states. Isnt this a good thing, states have been complaining they haven't received much of the tax share from the center.
No .social security is not freebies. Most countries do a lot more. It pents up demand, increases acceptable wages , and introduces technology by making labour not desperate
India's manufacturing growth rate has averaged around 5.9% since 2014, lower than the benchmarked 12% to 14%. The current govt has set an ambitious target to increase the manufacturing sector’s share from 16.4% to 25% of GDP by 2022 (has been revised to 2025). India's manufacturing sector has fallen from over 51 million in 2016, to less than 36 million in 2023. India’s manufacturing under shrank from 17% in 2010 & 13% in 2022 to 11.6% or 11.4% in 2023, as per Index of Industrial production performance data. It indicates a 2.9% cumulative growth, in the manufacturing sector from years 2013-14 through 2022-23. Our Medium & Small businesses can create far more jobs. Govt reduced corporate tax rates to 22% in 2019-20 has resulted in a significant revenue loss of 100,241 crore in 2020-21. To offset this loss, the income tax from the same taxpayers has increased substantially, from 492,654 lakh crore in 2019-20 to 1,022,325 lakh crores in 2022-23, as reported by The Economic Times. People who pay the most income taxes have no social security or govt pension. The question remains, who does this country truly belong to? Cost of living & vegetable prices have increased too much for ordinary people. The vegetable prices have increased by 63.04% & fruit prices by 13.55% in Oct 2024. Consumer Food Price Index was 11%. Consumer Price Index for Oct 2024 was 6.21% & for urban CPI is 6.68%. Household saving have been dropping. In 2011-12 & 2009-10 the reduction in poverty was from 37.2% & 21.9% respectively. In 2019 - 20 years, the reduction in poverty in India is around 5%. Even rss chief has talked about, we have to first create unity within in Manipur. No excuse. Who will invest, when they know govt can't end a 2-year civil war in small state? This makes India look incompetent. So for India to achieve economic greatness, more should support ideology that promotes unity in our country & prevent violence. India's progress depends on it's ability to adapt & evolve.
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Sharad is a valuable asset to The Print team.
True
Can't agree more
People earning around and below 25000 per month really appreciate the free food grain they are getting for their family and feel very safe against possibility of hunger. Similarly they also appreciate things like free electricity and free bus travel.
Every minute of this video was packed with useful information for investors and a must watch ahead of the budget
1. Mr. Vajpayee actually believed in the free market and economic reform. A tragedy for India that he lost in 2004. Mr. Modi does not want to risk losing any elections which is why he backed down from the farm reform and other reform - it sort of makes sense as you can't do much if you are not in power. To quote Mencken - "Democracy is the theory that the common people know what they want, and deserve to get it good and hard." But they should at least reduce their stake in all the PSUs to 51%.
2. The government is unable to provide a decent quality of life to the middle class(the problems are too hard and it will take a long time to fix). So as compensation, they should at least not tax them to death. If nothing, at least increase the tax free allowance. Try and simplify the tax bands and system as much as possible so that the corrupt babus in the tax department have fewer opportunities to demand bribes.
3. Perhaps issue more bonds targeted at NRIs like RIBs for 5/10/15/20 years and then use the money collected on projects that are not necessarily valued by the freebie/revdi/affirmative action class but need to be completed for India's long term benefit for eg. investing on R&D, defence, space, atomic energy etc.
Spot on point 1. Vajpayee carried out reforms with conviction and it was India’s loss that he lost in 2004. Rao was compelled due to the macroeconomic situation. Modi could have used his huge majority to pursue reforms but after some initial attempt, realpolitik prevailed.
At 7:33 she says net tax is growing slower because of increase in devolvement of money to the states. Isnt this a good thing, states have been complaining they haven't received much of the tax share from the center.
No .social security is not freebies. Most countries do a lot more. It pents up demand, increases acceptable wages , and introduces technology by making labour not desperate
when economic policies are governed by emotional rhetoric rather than sound economic considerations everyone suffers.
India's manufacturing growth rate has averaged around 5.9% since 2014, lower than the benchmarked 12% to 14%. The current govt has set an ambitious target to increase the manufacturing sector’s share from 16.4% to 25% of GDP by 2022 (has been revised to 2025). India's manufacturing sector has fallen from over 51 million in 2016, to less than 36 million in 2023. India’s manufacturing under shrank from 17% in 2010 & 13% in 2022 to 11.6% or 11.4% in 2023, as per Index of Industrial production performance data. It indicates a 2.9% cumulative growth, in the manufacturing sector from years 2013-14 through 2022-23.
Our Medium & Small businesses can create far more jobs. Govt reduced corporate tax rates to 22% in 2019-20 has resulted in a significant revenue loss of 100,241 crore in 2020-21. To offset this loss, the income tax from the same taxpayers has increased substantially, from 492,654 lakh crore in 2019-20 to 1,022,325 lakh crores in 2022-23, as reported by The Economic Times. People who pay the most income taxes have no social security or govt pension.
The question remains, who does this country truly belong to? Cost of living & vegetable prices have increased too much for ordinary people. The vegetable prices have increased by 63.04% & fruit prices by 13.55% in Oct 2024. Consumer Food Price Index was 11%. Consumer Price Index for Oct 2024 was 6.21% & for urban CPI is 6.68%. Household saving have been dropping. In 2011-12 & 2009-10 the reduction in poverty was from 37.2% & 21.9% respectively. In 2019 - 20 years, the reduction in poverty in India is around 5%.
Even rss chief has talked about, we have to first create unity within in Manipur. No excuse. Who will invest, when they know govt can't end a 2-year civil war in small state? This makes India look incompetent. So for India to achieve economic greatness, more should support ideology that promotes unity in our country & prevent violence. India's progress depends on it's ability to adapt & evolve.
Vajpayee disinvestment resulted in the defeat in the hustings .
No zoom meetings please!!! Otherwise great content!
Please use picture ques
Nothing good can come out of finance ministry babus for middle class.
.....right Sir
BUT THIS GOVT. HAS VERY POOR COMMOND OVER ENGLISH...
ANYWAY....HAPPY ❤ AS FIRST VIEWER...