'Budget is Nondescript, Not What India Needs; Steps to Generate Jobs Barely Scratch the Surface'
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- Опубликовано: 17 окт 2024
- "A nondescript budget - not what the country needed"; steps to increase employment will "barely scratch the surface": Pronab Sen to Karan Thapar for The Wire.
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In what the government could view as a searing critique of the budget, one of India’s most renowned economic commentators has called the budget “nondescript” adding “it’s not what the country needed”. Speaking specifically and at length about measures announced by the budget to increase employment, Prof. Pronab Sen said they will “only scratch the surface - barely”.
In a 50-minute interview to Karan Thapar for The Wire, Prof. Sen, presently Country Director of the International Growth Centre and Chairman of the Standing Committee on Statistics and a former Chief Statistician, said neither the government’s contribution of Rs. 3,000/- a month per person for two years to the employers EPFO payments nor the internship scheme are likely to lead to additional people being taken on either as full time employees or as interns. Prof. Sen speaks about this at length in the interview and I will leave you to hear the interview to understand his reasoning and, therefore, his conclusion.
However, Prof. Sen pointed out that there are steps the Finance Minister could have taken which could have, possibly substantially, increased formal employment but, he added, they probably did not even occur to her. Again, I will leave you to watch the interview to find out what these steps are.
Prof. Sen also pointed out that - although this was not part of the employment section of the budget speech - measures that have been taken to revive MSMEs will have an impact on employment, although it will be casual employment and not formal employment. However, how significant and sizeable this impact will be depends upon the attitude of banks, through whom the mudra loans and credit guarantees offered to MSMEs will be sanctioned. The attitude of bank is, therefore, critical.
Again, Prof. Sen added that the Finance Minister probably did not realize that what she has done for MSMEs will increase casual employment (not formal employment). This is a fortuitous happy outcome, he added.
Again I will leave you to see the interview to understand this point. Prof. Sen speaks about it in some detail.
In the interview Prof. Sen also talks about the challenge of private sector investment and why it has failed to pick up. He points out that the government probably has not realized or, at least, not responded to the fact that low demand and consumption are one of the key reasons why investment is flat. Again, this is a sizeable part of the interview and I will leave you to see the interview to fully understand what Prof. Sen has said.
To help, I enclose below the full list of questions put to Prof. Sen. With a few exceptions they are asked in the order in which they appear below.
1) In each case let me start with the big challenge facing the economy before I come to how the budget has addressed it. First, unemployment. According to CMIE the overall unemployment rate in June was 9.16%. For 15-19 year olds it was 58.16% and for 20-24 year olds it was 46%. Secondly, even out of those who are deemed to be employed up to a 100 million are actually unpaid. So you can question what sort of employment that is. Now my question is simple: do we have a crisis of employment? And how serious is it?
2) Second, on the 13th the Prime Minister, citing an RBI report, said India had created 8 crore jobs in the past 3 to 4 years. The Economic Survey says we need to create 78.5 lakh jobs a year until 2030. The Survey calls it a challenge. Is the RBI report correct? Because if we have created 2 crore jobs a year then creating 78.5 lakh jobs a year shouldn’t be a problem.
3) Let’s against this background come to what the budget has announced about jobs. There was a whole slew of measures announced by the Finance Minister. Before I come to details what was your overall impression? Will they taken together make a significant difference?
4) Let’s come to details. The government will pay one month’s wage to all young people entering the workforce provided they are registered with the EPFO and 3,000 reimbursement to the employer for 2 years. Mrs. Sitharaman says this will benefit 210 lakh youth. But is this sufficient for employers to take additional people on? What about the rest of the salary? That’s uncovered.
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10 years ago, the comments section was calling Karan all kinds of names and today they are singing praises of him. Audience has a fickle mind.
Ah, the beauty of the comment section - a place where opinions change as quickly as the wind! It's quite fascinating how a decade can change the tone of people's reactions to someone like Karan. But hey, that's the nature of public discourse, isn't it? You're only as good as your last interview, and apparently, Karan's most recent work was a hit with the commenters. It just goes to show that keeping people engaged and interested is a difficult balance to strike, and it seems like Karan's recent work has struck a chord with his audience.
Could it be that Karan has mellowed down a bit 😂?
@@jammRJ That's definitely a possibility! Sometimes, a little seasoning can go a long way. t's possible that with experience, Karan has found a way to refine his interviewing style without losing his signature style. Maybe he's learned to balance his probing questions with a bit more empathy or understanding, which could make him more relatable and engaging to his audience. Or perhaps he's just gotten better at picking his battles and choosing his topics more strategically. Either way, it's clear that something has changed in his approach, and it's working well for him.
बातचीत का पाखंड यह है कोई नेता, झंडू expert यह नहीं कहता शिक्षा ऐसी हो जिससे बच्चे innovative बने, रोजगार पैदा करने वाले बने ना कि रोजगार मांगने वाले। अब तो बाबासाहेब आंबेडकर को कोसना चाहिए क्योंकि उसने लिखे हुए संविधान से नौकरी मांगनेवाले पैदा हो रहे हैं। हम सिर्फ मजदुर बनाने factory बन गये। लोकतंत्र कीसी देश को अमीर नहीं बना सकता। अंबानी को अमीर बनने के लिए 60-70 साल लग गए। चायना बना लेकिन तानाशाही से। उसे भी 30-40 साल लगे। हम सोचते हैं हर 5-10 साल में सरकार गिराकर अमीर बन जायेंगे यह संभव नहीं। हमारा लोकतंत्र हमें धीरे धीरे european countries(UK, Germany , France, Denmark) जैसी Islamic countries में तब्दील कर रहा और कुछ नहीं।
You know they’re not the same people right? 😂
This interview very factually raises questions on our finance minister's abilities. So many key budget measures that are so questionable.
बातचीत का पाखंड यह है कोई नेता, झंडू expert यह नहीं कहता शिक्षा ऐसी हो जिससे बच्चे innovative बने, रोजगार पैदा करने वाले बने ना कि रोजगार मांगने वाले। अब तो बाबासाहेब आंबेडकर को कोसना चाहिए क्योंकि उसने लिखे हुए संविधान से नौकरी मांगनेवाले पैदा हो रहे हैं। हम सिर्फ मजदुर बनाने factory बन गये। लोकतंत्र कीसी देश को अमीर नहीं बना सकता। अंबानी को अमीर बनने के लिए 60-70 साल लग गए। चायना बना लेकिन तानाशाही से। उसे भी 30-40 साल लगे। हम सोचते हैं हर 5-10 साल में सरकार गिराकर अमीर बन जायेंगे यह संभव नहीं। हमारा लोकतंत्र हमें धीरे धीरे european countries(UK, Germany , France, Denmark) जैसी Islamic countries में तब्दील कर रहा और कुछ नहीं।
Excellent. Pranob allways clear headed and incisive and original.
Nobody does budget better than Karan. Thanks a lot for your insights 😊
These incompetent politicians and bureaucrats waste all money of taxpayers. Incompetence eveywhere.
I always eagerly wait for Prof. Pronab Sen's analysis. Thank you Wire. 🙏🏻
💯
One of the finest statisticians in the country
Thank you so much to both the interviewer and the interviewee for this amazing bag of wisdom
Interesting Fact: Census has not been done till now! And all parameters have not been analysed yet Aur yaha Vikas ka nara chal raha hai
We are still working with 2011 data 😅
This is how civilized people talk and discuss.
this will bore modi fans
An incompetent Prime Minister heads an incompetent cabinet.
Doesn't that make the opposition even more incompetent for not being able to overthrow this 'incompetent' PM out of power for past 10 years?
If a batsman gets dropped at 10, 30, 60 and then eventually goes on to complete his century and also win the match. Who is the real incompetent side here? Isn't it the fielding side?
Modi gave ample opportunities in the past 10 years for the opposition to capitalize on, but they all collectively failed to displace him from PM post. Now everyone is calling PM incompetent. He is genius I would say to survive so long after making so many mistakes.
This interview is excellent and highly informative in the interest of the economy. Karan you are really great I really admire you.
Basically we have dud for a finance minister
Off course Karan.has always been there the best in budget analysis and inquisition. He has stood strong on his ground despite strong winds. I am sure better times ahead one day
Nobody gives an internship, this has been there since 2015, all the companies do is show the filled seats with their affiliate colleges and Digest the Money.
_______________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*
Informative 🎯
The budget should be made after several rounds of discussions with good economists, industrialists etc. The people sitting in offices doesn’t know what is happening in the ground level.
💯
Karan Thapar is best in what he does, never seen such a brilliant interviewer
________________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*
@@AnwarMasihUddin Facts bruv , if we have the same mentality and lack common civic sense like today, our country will never be civilised.
I think it is worth pondering for those who are in making economic policy.
He has very deep knowledge of ground
Listening to him since 2018 when I think war movie was released and first time Modi government stopped releasing official unemployement data.
The skill development program is not working because Most of the Startups in India are Teaching institutes and all they do is earn Money By doing placement through Networking. This is the reason why AI startups (Placements apps) are also failing. These Education institutes have highly captivated the Networking and Placement Business thus foreign companies like FAANGS are in loss in India because these Educational institutes ask huge sums of Money for Educating and Placements.
The Government is nothing but a Pyramid scheme for Votes gathering, their Modus Operandi is to find a Leverage and keep it as security proof and pay back the victims with high return money, making the victim a Puppet.
Purchasing power has also gone down and the effects of inflation is like even someone who is earning more than 50k/60kpm or 6M or more yearly consider himself in Lower middle class which should be Least higher middle class if not high ideally... Savings are down, taxes are up.. everything just seems costly 😵💫
yep, i make 65k and shit my pants on spending 500rs in hotel
@@omkargarde5867 in the same boat :< i literally only buy things i absolutely need still when i look at the money spend on the course of a month, its insanely high
@@omkargarde5867 who would have thought even 60k/65k will not be enough to get good stable life… I know inflation is there, money’s value depreciation and all that, but still in the end of month you are left with almost no savings of course medical insurances and investments is a big part of the expenditure, but our father’s generation was saving more from very less salary they got.. and they even got some investments either in real estate or some other fields…
________________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*
बातचीत का पाखंड यह है कोई नेता, झंडू expert यह नहीं कहता शिक्षा ऐसी हो जिससे बच्चे innovative बने, रोजगार पैदा करने वाले बने ना कि रोजगार मांगने वाले। अब तो बाबासाहेब आंबेडकर को कोसना चाहिए क्योंकि उसने लिखे हुए संविधान से नौकरी मांगनेवाले पैदा हो रहे हैं। हम सिर्फ मजदुर बनाने factory बन गये। लोकतंत्र कीसी देश को अमीर नहीं बना सकता। अंबानी को अमीर बनने के लिए 60-70 साल लग गए। चायना बना लेकिन तानाशाही से। उसे भी 30-40 साल लगे। हम सोचते हैं हर 5-10 साल में सरकार गिराकर अमीर बन जायेंगे यह संभव नहीं। हमारा लोकतंत्र हमें धीरे धीरे european countries(UK, Germany , France, Denmark) जैसी Islamic countries में तब्दील कर रहा और कुछ नहीं।
Informative and enlightening interview.
Actually it is not so that this
govt lacks clarity but it is the
record of BJP since its inception
that they lack bright minds who
have anything new to implement.
By the way my analysis is that private sector jobs are going to
be less because the pace of automation is at an unprecedented
level and even many of us in
India has no idea what is coming.
Crux of the discussion is the
situation is out of control in
India.🙏🙏🙏
Thought of unsubscribing to the wire yesterday because it has been so long since Karan appeared in an interview. Thought Karan left. Great to see you sir!
The current government doesn’t have good economic advisors like Manmohan Singh or Chidambaram who know the pulse or India. Taxing middle class can’t improve economy. Improving spending can kickstart economy. Now the real estate transaction will be full of underhand deals. The government will not benefit from
Illuminating discussion ❤
97% Indian Citizens in India are living at or below "Official poverty line of USA". Only 3 lakh Indians have declared income above 50 lakhs/annum. Only 1.5 Crores Indians have declared taxable income above 5 lakhs per annum. 95% of ALL INDIAN HOUSES are either slums, or semi-slums, or attached houses ghettoes... without ANY FEM design or BIM modelling FIT FOR DEMOLITION as per British code or European code or USA building codes...
.
In INDIAN CAPITAL DELHI, 90% houses are FIT FOR DEMOLITION... 60% of these houses are attached ghettoes or hellish slums...
.
85% of Delhi's urban streets are ill designed, or arbitrarily ghettoes designed narrow ghetto lanes everywhere... except for trunk roads most roads are filled with pot holes.
.
TAX REFORMS DESIRABLE
A. INCOME TAX
70% Income Tax on tycoons
60% Income Tax on UHNWI
50% Income Tax on HNWI
40% Income Tax on Milliinairs
30% Income Tax on Elites
No income Tax on Non Elites
B. ABOLITION of GST on food items
C. Highest Possible Tax on Ultra Luxory items
D. Wealth Tax
E. Inheritance Tax
F. Gift Tax, Dowry Gift Tax
G. High Tax on jewellery
I. High tax on entertainment
J. High tax on wine, beer (800%)
K. Highest tax on tobacco (5000%)
.
ABOLITION OF LONG TERM CAPITAL Gain on LOW/MIDDLE class property
.
Highest Tax on MAHALS, CASINO, PRIVATE JETS, PRIVATE HOTELS, PRIVATE HELICOPTERS, PRIVATE YATCH... other obscene ultra indulgence super rich items
.
BOLLYWOOD PROSTITUTE,HAWALA ACTIRS ACTORS/ACTRESEES must be taxed at 80%
.
Expected a very comprehensive budget this time & not a “politically motivated” budget.
A very good episode. And if they are really interested, all it would take is minor tinkering. That's heartening. As far as data an d analysis goes, it boils down to what someone said in a debate. "iss sarkar ne sansthaon ke padon par aise logon ko rakha hai, jo uske jhadu maarne ke laayak nahin '. They were right! 😂 Proved by NTA, UPSC recently, and if you look closely, MOST? 😂 Let's see if rhe government find the humility and flexibility
_______________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*
@@AnwarMasihUddin quite irrelevant to the subject in deliberation...
@@asifsaikh77it's quite relevant. The education need more spending in terms of planning and budgeting to have more employability
What a conversation ,, exceptional
MSME growth appears to be the crucial factor that can boost employment and economic growth.
Appears to be...he has been saying this since GST was introduced n it damaged msme badly. He was called anti-national by feku government.
Welcome to Amritkaal - Tax and GST on everything Earning, Investing and on assets (land , gold) and Spending.
Development - Bridges collapse, Roads with holes, Airports collapse, unemployment, paper leaks - if you want a job you must pay a bribe.
Common folk are sold on a foolish notion of "equality". At the same time, Bihar and AP get massive provisions in the budget. I don't know about AP but I'm willing to bet that the money will be squandered by the state govt in Bihar. The whole taxpaying nation pays the price!!!
Circa 2018 : dont be negative. Dont be anti-national.
2024 : Thank you for raising valid questions 😅
5. Whilst intent is there to be a global manufacturing/ providing/exporting hub hub , the initiatives appear dead,
A. After the demands of time for software/ IT exports it is becoming a stagnant growth industry to be milked.how easily this sector rose through 2000s show there is demand here.the AI revolution needs to be brought into fold besides semiconductor design and manufacturing.
B. Automotive was next many set up plants here ,only to wind down later killing ancillaries and others with Govt practically doing nothing. EV with its constraints was a another bogie of date. and a deterrent and talked about too early before the Govt laid a ground map..Focus on hybrid through existing automobile manufacturing hubs / units was a fantastic transition play and missed.
C. Roads sector boosted like a mad rush has no policy for preventing mad rush for adjacent land to these.There should be an embargo for seven years or so on commercial use of land and a threat that it can be acquired at Govt specified rates to enable planning .the planning is lagging...
जय-जय सविंधान जय-जय भारत
Love your interviews Karan. Great work.
Very insightful interview! Thanks 🙏👍
Worst FM and arrogant too just like the PM and HM. Zero delivery but all hype and stupid acronyms and jumlas!!
What is proposed to be paid to corporates, should go for helping MSMEs.
Exactly. Saying this since loans of corporates were written off
Karanji take view also of Dr Parkala Prabhakar ji also pls
oh the man famous for being nothing other than a critic of the BJP and FM's husband. lol.
Very good interview on the topic. Helps you understand the intricacies of the national budget as it relates to the private and public sector and economic growth
lol.. sure you understood!!
_______________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*
@@jitkr1489 did you?
Very insightful discussion and discourse.👍
Why BJP is not finding a good finance minister? Atleast the FM should have taken advice from her husband who is an economist
Wake up.. It is adani, ambani types that are deciding budget.. So doesn't make Any difference even if you put world s best financial minds.as FM..
Karan sir's interview is outstanding.
I watched this video in three segments because its very detailed and I liked this video because it's very detailed.
And for people who haven't taken cognizance of the problem at hand I have to say they are either living in deliberate denial or are terribly misinformed
Karan ji
Please take advice from His highness Soros ji
With deep respect to her CHAIR, the FM needs to have made strategic realignments in areas of FDI( except critical sectors) SELF ENTREPRENEURSHIP and most of all, quasi-agricultural sectors and MSMEs , with generous conditions
She's too adamant and hence doesn't listen to the large experts but only listen to her beurocrats who are equally adamant and doesn't know the reality
Very useful information, thanks
_______________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*
Brilliant interview!
Once again, this points to the kind of civil servants and advisors who have provided their inputs to this budget: we have an army of generalists working as civil servants- IAS officers- as against professional economists and statisticians as was the case when Dr Manmohan Singh headed the UPA and when Chidambaram headed the finance ministry. The only lull in the otherwise bright tenure of policy making was when Pranab Mukherjee wrested finance from Chidambaram and punished the country with his voodoo economics
A good discussion on the specific aspect or weaknesses of the budget. Micro finance ( or rural micro ) is the beginning of employment ( whether based on agriculture or non-agriculture). BUT the discussion started from SM’s totally ignoring prospects reposed in micro finance. The discussion also didn’t focus on the increased informality of the economy. At this point, we also need to distinguish between informal and black economy in order for the discussion to be more useful.
Great to see again Karan Thapar.
Bring back PC.
Pick pocketer ko koi farak nahi parta budget se.. 😅😅. Agar bjp iss baar full majority mai aa jatti na.. Ye parliament.. Budget wali formality muuka deni c.. Meri marzi meri marzi karda firda.. 🩳🩳😅😅
_______________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*
It's a luddite mindset to say make capital more expensive to increase labour employment. China is encouraging more advanced machines to produce. We will end up importing more and never become globally competitive.
CONDITIONS FOR LOWER TAXES REGIME: 1. Zero corruption (Political, Private & Retail/Administrative) 2. Best quality Managers (projects &contracts) 3. Low inflation 4. Less greed of private investors 5. Introduction of Development Tax 6. Low speculative private assets like land & buildings 7. Sound market controls without Government interference (ETHICS OF PRIVATE INDIVIDUALS & PRIVATE SECTOR)
The above are non-negotiable principles to achieve a low tax regime.
IS IT POSSIBLE TO PRACTICE OR TO SET THESE PRINCIPLES EITHER BY LAW OR BY SELF REGULATORY SYSTEM OR BY GOOD GOVERNANCE?
I joined the wire for monthly contribution due to Karan Sir
2. The infra in the private domain required an enabling cosmos which encourages small ticket loans/ credit ,minimal regulation. Tax collection should be a byproduct of such an environment and not the main focus.
People in comments section have a point ..as long you stay in a factual zone you are respected 💯..
Public Budget means " Poor become poorer & rich becomes richer in the democracies nation . AND private budget means income first than expenditure!! Is it true or false?????
4000 interns for 500 companies : many companies may not have 4000 employees.
good balanced Replies
As an economist I can understand Pronab Sen's frustration, anyone who is an economist graduate can better understand current economics distress in country.
indian economy is dead now, this govt worked for only two businessman,
that is the real formal. please avoid zoom interviews. there sound quality is bad
Sir, unfortunately, the able interviewee had no clear recommendations or suggestions. He simply attempted to search for flaws in the budget and the finance minister. Both you and your interviewee could have done better. But then your channel is probably working for the Indi alliance and probably for a handsome allowance.
Zomatto/ Swiggy/ Blinkit/ Zepto like Jobs?
Yes
In all fairness, Thapar Saab, union budgets are similar to quantitative JUGGLERY. Some concessions need to be made, especially in the SERVICE SECTORS and MSMEs.
The Govt should give major IMPETUS to ENTREPRENEURSHIP and self- employment schemes, tax holidays and one-window documentation process. The truth, Thapar Saab, is that job demand far outstrips job supply, so employment and employmentability, are indeed euphemistic terms . IN THE FUTURE, Sir, service sector and ancillary services, and FDI needs to be made more broad-based and extensive and GREATER OUTSOURCiNG to countries like Vietnam, South East and Other South Asian countries
The respected FM. states that, just because the names of States have not be mentioned in the Union Budget 24/25 , does not necessarily tantamount to the fact that they are not beneficiaries to Govt. Schemes. This sounds rather ambiguous. It is believed that budget allocations should be in BLACK and WHITE brasstacks, and not loaded in ambigious language
we fail to understand on what is the problem with the government to consult Mr Pronab Sen
Internship in a different location is not at all viable with stipend proposed unless free food and accommodation is arranged
New internship bill is to further pay cronies 😂.
The bank is having issues in giving loan to new customers is due to the RBI norms and bringing down the NPAs. They're under tremendous pressure from RBI to bring down NPAs
1. Our budget is barely half a trillion dollars 2. A population size 145 crore vs 3.90 trillion dollars demand as of now 3. Required demand (over & above present 3.90 trillion dollars) is of the order of at least 600 billion dollars 4. To generate employment for a nation of 145 crore population @ 1 crore employment a year for Five years means one trillion dollars in payments as wages & salaries in that time frame.
So, the debate and answers shall follow these numbers. These numbers say the need OF THE HOUR in big font - bold & underlined is "TRANSFORMATION". HOW ? IS THE JOB OF WHOM? 50 LAKH CRORE BUDGET AND ONE CRORE PAID JOBS EVERY YEAR? BEGS FOR MANY QUESTIONS OF CONTENT AND MANY ANSWERS OF SUBSTANCE.
MATHS IS SIMPLY = DISTRIBUTE A 1000 GRAMS OF WHEAT AMONG 200 HUNGRY PERSONS SO THAT HUNGER IS ELIMINATED.
On one hand we have this guy and on the other hand we have the illiterate WB parliament.
Why aren't these people hired by the WB govt.
He should be hired by government of India
Excellent interview..Pronab Sen very knowledgeable and speaks well
Enjoyed it👍
We don't have any growth driver like software was in the late 90's and early 2000's. There seems to be no effort by the government to identify and focus on such drivers and nor is it happening organically. We are just happy to grow 1% faster than a middle income China. Infrastructure is being built at record pace but what is the return on the investment? For example how many industries set up because of Nagpur-Mumbai Expressway. How many industries in UP which has maximum expressways?
I was Eagerly waiting for Karan Sir new video 😄🙏🏻
Have to commend this government for coming up with childish and naive way to tackle serious problems. 4 years employment for soldiers, 2 years for youngsters.
Its dismal .even before this. 10 yrs of this BJP rule headed by an " illiterate" and apprentices in economy .with very little in FDI, hardly any progress in manufacturing, production, and assembly and hardly anything to export.but lakhs of unemployable engineers coming out of colleges including from.premium.even those few jobs army used to.provide to.prtectt borders have been.wiped out by ill conceived short term quick fixes like "agniveer.god save this country
_______________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*
The finance minister has this helter skelter approach to things and is lacking in vision and stature to put her own imprint into the budget: this could have come about by being forceful and resolute about prioritising loans and incentive schemes in such a way as to make them feasible and fool proof. This has not happened and all these schemes will gather dust as has happened to all previous schemes in previous budgets launched by Sitaraman. No one remembers the promises made by her on behalf of her government then- because public memory is short. All these schemes are slated to fail.
Very good interview !! I have so many more questions now 😂
These measures of giving money to 500 top corporates to hire (which they were going to do to begin with )will amount to more free money for corporates.
Unemployment and Under employment are both major issues...Survival is a big issue for the Lower middle and middle class.Seems this would impact all classes except for Extremely elite i.e industrialists
3. So called Indirect taxesare actually Directvtaxes now, implemented and collected , the rates need to be made atleast 4% more benign to support the environ. And so whilst GST being a success , compliance would only become better by much much lower rates There can be no end to tax collection
Mr. Karan Thapar is Questioning Genius😂🙏🙏
To increase demand and consumption, tax burden on the middle class must be reduced so that they can spend freely. With current sentiment, demand and consumption won't increase no matter what FM does.
Welcome back sir after a long break 🎉🎉
I am 83. Tell me one budget which has been admirable. Waste of time.
Here we go? Know it all , Karan Thapar!
4. GST being a destination based tax and also consumption based , it encourages collections in urban,denser set ups.The incentives for manufacturing are much lesser firstly for quantum for job generation, high cost of land, a very " License" focussed- (again )regulatory environment besides such industries adding to pollution and starining water and other resources of the states hosting such manufacturing units..Bigger units appear favoured and job dependency on these only is a concern. The start up and Msme cosmos still remains at cottage industry level with little nuanced plays
G. Traditional oil and gas needs to be supported, Power industries in private sector brought in around 2006-07 are up and running but are still not seen profitable not connected properly with long-term contracts with relevant states disincentivizing further commitments in power sector so power may be surplus but it is quite costly and remained so for residents in many societies in urban setups like Gurgaon and NCR etc .Impetus lost somewhere in worship of the future.
long time , no see (since wee days of stolen Delhi takhat 3rd term with side perk of net 30000 cr stolen from investing middle class INDIA with shoutout like couple of jingles from Ranga&Billa week prior to calibrated EVMs machines outcome just enough to legitimize Delhi 7 seats , Bihar, Ordissa, MP, Jharkhand, Surat, Mandi, Meerut, Varanasi,...heck even few in South ... using strategic instilled in judiciary (likes of Swaran Kanta Sharma and her boss in SCoI, in SBI, in EC, CBI, ED, Police, IB, IT,...). Mr Thappar. Glad to have found you -:)
H...pharma and education are two low hanging fruits where "Quality under watch " is deteriorating very fast with few increases in Professional colleges without value addition .Lower fees and some taxation are necessary .The Edu cess is not required but Taxes from private could support Govt run colleges./ schools..I do not remember any body actually coming here to learn specialized work.Software like NIIT,APtech flowered and withered, Multimedia,VFX flowered cand migrated back to Germany, Europe and Canada, Music too
There is no welcoming education for foreign students which could have been a foreign currency earner...
G. Import dependency has been an issue .80% crude still imported and with a 144 cr population to be fed ,can growing staples with vegetables inbetween be replaced by more efficient cash crops?.possibly the biggest mistake would be cash crops focus where profit of a few is the motive. The country would generate eventually such a huge import bill for staples that the economy will be in shambles
.the low cost efficient produce if America will be lucrative for a few years and then transit into an expensive import proposition. This would be in a format ,where what our farmer landholders grow inefficiently( mechanically) is also consumed staples but any " Vanilla" and such esoteric choices in a bad season cannot even be consumed giving a permanent basic staples import bill..Leave the country to grow what it can consume with a few cash crops
If a budget can be described as "nondescript", it's not a great sign for the government's economic policies. And when it comes to something as important as increasing employment, "barely scratching the surface" doesn't sound like the kind of progress that will make much of a difference to the people who are struggling to find work.
It's particularly interesting that Prof. Sen says there were steps the Finance Minister could have taken that could have had a significant impact on formal employment. It's a real missed opportunity if these measures weren't even considered.
but Mohandas pai gives 4.5 out of 5 for this budget
@@counterpoint9260 Mr Pai’s 4.5/5 rating implies that he found the budget satisfactory and far-reaching. His perspective could be influenced by the lens through which he views the budget. Perhaps he sees a long-term gain in the budget’s measures, or he views the employment crisis from a more conservative economic viewpoint.
On the other hand, Prof. Sen, a Nobel laureate in economics, has been known for his focus on human development and poverty alleviation.
Government should also look at promoting manufacturing industries for job growth. They should give some importance for the products like garments whrerin the raw material is already available in the country.
Remember the 5 year plannings wherin every 5 years some industries where given more importance to encourage those sectors, and the outcome of those where green revolution, white revolution (milk and milk production) etc
It's like.. Sending a dancer to operation theater to do a heart surgery.. & save the life.. Wow WE are so Smart.. 🙏🙏
Sir, raising the income tax slab could have boosted demand so as increase in corporate tax could have balnce revenue and indicator of decrease wide gap between rich and poor as we see income tax collection excess than corporate tax.
_______________________ *We, the people have two issues in the life.*
*01) We are weak to understand the purpose of life* as assigned by our creator to all the people from day one.
*02) Why our leaders misuse our religious sentiments* in place of welfare development work,
under the state governments, our public properties to be more beneficial and renovate the official buildings, such like Government Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds to be upgraded & should be functioning more effectively.
*So far, how many our State Government Buildings ?*
Before & after Independence across India under the State Governments, Schools, Colleges, Universities, Hospitals, Public Gardens, Playgrounds have to renovate in good looking & running in favor of people & our beautiful India.
*Sach ki jeet ho. Honesty Zindabad.*