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संवाद # 195: Two BIG mistakes of PM Modi, FM Sitharaman | Prasanna Tantri | Union Budget 2024-25
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- Опубликовано: 15 авг 2024
- #unionbudget2024 #indianeconomy
Dr Prasanna Tantri is an Associate Professor in the Finance area and Executive Director of the Centre for Analytical Finance at ISB. His research areas include- banking, financial inclusion, financial contagion, regulation, and the relationship between politics and finance. He teaches a course on Indian financial systems.
0:00 Income of Indian govt
4:31 Expenditure of Indian govt
7:03 Subsidies of Govt
9:20 PM Aawas better than roads?
12:00 KhataKhat will destroy India
15:21 Karnataka KhataKhat Model
18:36 Importance of Ayushman Bharat
22:00 Ayushman Bharat better than Roads
23:11 Don’t invest blindly on infra
32:30 Best proposal in Congress manifesto
36:52 Modi’s BIG mistake on economy
42:10 Modi’s 2nd Big mistake
46:05 Economics of Rahul’s Khatakhat
52:00 Problem with Modi’s infra spend
54:43 Khata Khat makes sense if….
I think economics should be introduced earlier in schools so that students (future citizens) can understand the fundamental principle that NOTHING IS FREE.
And by that such bright and nuanced ideas could also be understood by the larger common non ecomic background people.
It will not make any difference.
These fools do not understand That giving 10000 to women means 1800 will come back to the government very quickly as GST of 18%, as women have immediate needs so they will spend this money. Then the shopkeeper will buy all the stuff again and as rural sales will increase, the income tax of shop keepers will increase. Shop keeper will buy more from wholesale, finally manufacturer of cosmetics, clothes, shoes etc will get that 10000 , they will invest in stock market their again they will pay tax. Government will get most of the money back as taxes, they give as cash transfer.
@@pratyushojha it will definitely make a difference.
5 guarantees of congress have destroyed state economy of Karnataka. Even CM's economic adviser admitted this yesterday. There are growing voices resentment from ruling party MLAs of not getting MLALAD Fund for constituency. They have destroyed KSRTC. In himachal they'll be going to central government with a begging bowl, state finances are going in negative
That's the state strategy. They'll ask more from center and then cry that center isn't helping. Effectively Karnataka is screwed.
Even karnatka was screwed under BJP rule also.
@@siddharthsrivastava31if it was screwed under BJP how was it sitting on surplus cash of 13000 crore
@siddharthsrivastava31 under bjp, Karnantaka had 13000 crore surplus, siddaramaiya has put it in 4000 crore deficit. Himachal also has gone into big debt under congress.
@@siddharthsrivastava31Might be that was a mere nail on the wall , now it's a screw on the floor.
Add Khatakhat to Oxford dictionary 😂. Great discussion professor Prasanna. Great insights as usual.
What it means
His theory on how saving of country changes landscape of country. Changed my complete point of view on looking macro economics.
Unless lndia made very good performance in manufacturing sector Job crisis cannot be solved.
ACCORDING TO ME, LIKE WE ARE TRAINING MANY ENGINEERS AND FINANCIAL EXPERTS LIKE MBA AND CA, WHO ARE WORKING IN INDIA AS WELL AS SERVING IN FOREIGN COUNTRIES , WE SHOULD TRAIN MANY PEOPLE FOR NURSES, LAB ASSISTANTS, CARPENTERS , PLUMBERS, ELECTRICIANS ETC AND OTHER FIELD JOBS AND USE THEM IN INDIA AS WELL SEND THEM TO FOREIGN COUNTRIES TO EARN REMITTANCE...
WE SHOULD ONLY FOCUS MANUFACTURING IN AREAS WHERE WE HAVE COMPETITIVE EDGE, OTHERWISE WE WILL LOSE TIME AND CAPITAL...@@somnathghosal6954
Long discussion but mostly idealistic while not discussion actual factors that affects in India those are, the corruption, no accountability, nepotism in public and private sector, inefficient workforce, no transparency in public sector, crony capitalism, very poor enforcement of laws and rule the people.
Truly, knowledgeable video
One arrow two targets 1) concept is clear of economy 2) comparative study of relevant subject.
Please do more series
Really, appreciate sir 🙏
Farm income more than 15 lakhs must be bought under taxation.
Pechwade fatt jaate hai bhai har govt ki 😂
Reservation aur taxes to farmers two big cancers of india 🧟♀️🧟♀️
Sach me yr. Aur bohot se log kheti k naam se apna tax bachate hai maine khud ne dekha hai.
Aur agr koi neta Aisa kuch initiative laye bhi to hum me se hi bohot se log uske against khade ho jayenge jb ki support Krna chahiye
Are you paying them MSP?
@@paramjitkaur9542Is it their right?
Tax freeloading farmers 😡😡😡😡😡😡😡😡😡
What an informative session 👏
Why can't they bring middle class people also into ayushmaan bharat?
In current society, education & medical services are the biggest burdens on middle class people. If central government can address these two issues then it will be beneficial for them also.
Generally speaking, india is an Infra starved country and almost any amount of money being spent there is always going to actually improve the things for at least next 15 yrs
Infra pe itna jyada nitpicking kyu karna
Though Tantri' s point that spending needs to be intelligent is also right on the mark
Himachal is going though it's worst unemployment crisis , just due to freebie schemes , sad but true 😢
Obviously bro 😊
Himachal is hopeless country 😂😂 it's not India.
Are bahi apko old pension chaiye tha na
@@praveenbhat5392 Do talk about freebies given to people who are in power
In Short, there needs to be A LOT of Bureaucratic reforms. PM Modi is one man and just like the rest of us, he too only has 24 hours. 24 hours mein kitna project review kar sakta hai? There will be projects he cannot review during a PRAGATI meeting. Babudom needs to start working together - Modi needs to crackdown on babugiri. PRAGATI meeting se sirf kaam nahi chalega.
You talk as if he has to do everything by himself alone.
He could've recruited competent people to manage things. I am sure he did a few, but clearly not enough.
It has been 10 years. Is that not enough time to find and groom competent people??
@@noneoftheabove666u can't expect a middle class IAS to fjnd solutions when his aim is how to settle his kids outside with some University 😂
Bcz most bureaucrats working with modi ji r 50+
We need young bureacrats
He only has 24 hours but can appoint good ministers rather than people like khattar.
there is so much talent in BJP which has been sidelined.
@@noneoftheabove666Sarkari babu apna kaam karega toh PRAGATI meeting ki zaroorat nahi hoti. They don't do their job and PM is made to sit in meetings reviewing projects and scold them to work together.
@@noneoftheabove666 he is a crazy dictator and cannot be expected to recruit non-chamchas
professor prasanna sir's analysis of Indian politico-economy is🤩.
Sir ji aap jaise inteligent logo ki jarurat hai sarkar me
Rahul khan idea he will print money and give to 1 lakh everyone .... 😮😮😮
Already money is given by all bjp state government like मप्र and महाराष्ट्र
@@krishnavishwakarma1969Its in response of Congress promises
One wrong can't justify another@@shivmohan99681
Who says?any blue print published by Congress party?
@@arpit2449 blue print..in India what is bigger than that family... He says , means that's final... what u say brother...
Khata khat khata khat
Taka tak taka tak
Who says...
I echo professor's thoughts on wrong Infra spends, in Madhya Pradesh Govt. has announced airport in Ujjain which would be of no use because there is already an airport in Indore which is only 60 KM away from Ujjain city and it hardly takes 60-70 mins to reach Indore airport from Ujjain. Such infra spends will not do any good.
Awesome discussion... i hope NaMo Ji gets a view of it. Increases perspective of economist and administrators.
Happy to hear unbiased economics from dr. Prasanna. Much more happier and proud because he happens to be from our coastal belt.
we need these kind of people in top govt positions... He knows the ground realities, does academic research, understands the nuances...
Although I like sanjeev, shamika and bibek, they are too much elitist...
Funny how bjp is becoming suit buit ki sarkar day by day
Vaad should create shorts for more reach about bad effects of khatakhat
Listening to these podcasts on Vaad is my way of going back in time to Professor Tantri's classes at ISB! ❤
Those delightful 2 hour sessions of understanding the Indian economy inside out 💯
Same feeling
i was eagerly waiting for another podcast with prasanna sir.thanku arihant for the third podcast with him.watching and listening him is huge in knowledge which we don't get elsewhere.hope you do keep bringing him in your studio at regular intervals 😊😊
Maharashtra Govt. announces the visionary 'Ladla Bhai Yojana' for employment generation
Youth boys will get the following stipend on passing
12th grade - ₹ 6,000 pm
Diploma - ₹ 8,000 pm
Graduate- ₹ 10,000 pm
They will undergo a 1-year internship to gain valuable work experience that will help them secure relevant employment later
NDA in Maharashtra implemented one of the things you proposed today btw. Proportionate stipends for different qualifications.
सब दुनिया की बातें होगी, पर कोई ये नहीं बोलेगा कि सिस्टम के लीकेज ठीक करेंगे, भ्रष्टाचार रिश्वतखोरी कम करेंगे, और बराबर जवाबदेही की जाएगी तो जितना सरकार खर्च कर रही है, उसका उचित इस्तेमाल होगा और ज्यादा से ज्यादा लोगों को फायदा पहुंचेगा।
बस पूरे तरह लीकेज हुए पाइपलाइन में और ज्यादा पानी का प्रेशर बढ़ाने की बातें होती रहती है।
The way u said "Hum recession mein hai"😂
I am literally in love with your channel i mean you bring such inteligent people and give us such important information THANK YOU 🙏🏻
Conclusion: khatakhat khat make India Venezuela
Very good analysis. Bottoms Up approach in infra spending and conditions based dbt/cash transfers are key highlights that something govt can think. And apprenticeship is a need of an hour for growing economy like India. Will help folks with job/income and address concern of industries regarding skills.
Superb podcast..and very unbiased one...a biased economist is a disaster... hope it reaches where it's needed the most ... since noone can be perfect .... government needs to introspect and amend if required.. after all you can't be right always
Start Income Tax on farmers, decrease reservation.
The expertise is amazing. ❤
Why is the government of India not focusing on the education system and the medical system? Instead of ayushman yojana with crores and crores of scam in it
Very informative session🙏🔥
Dhanyawad Arihant and prasanna Da 😊🙏
The existing Modi Govt. Is facing flak for the budget ( from even hard core Modi supporters...especially the middle class). This govt. has done a lot and Modiji must understand that the relationship of the people of this country to him..has become a personal one ... We can cry in front of him because we know he will hear and he will empathise and act.
Now if this was the Cong. Govt... We know there is no point... All these years...they milked the middle class too and the middle class just kept getting exploited.
OMG . This man is so clear on his nos !!!
It's only one mistake Modi committed is let go all major corrupt people free. He just was delivering dialogues on Modi's guarantee but zero result. This, in last election 9 percent of core BJP voters didn't go to polling booth. Because BJP voters are supporters but not slave of Modi.
so glad to hear from both of you about pre budget discussion.
Was waiting for Prasanna Ji for so long...!!
अप्रेंटिसशिप एक्ट 1961 में बना था और मैं अपने उद्योग विभाग के अनुभव से जानता हूं कि Plant Level Training उस समय से चलता रहा। फिर 1985 आते तक ये बंद हो गई क्योंकि उक्त एक्ट के Plant Level Training लेने वाले को कारखाने में नौकरी देना जरूरी होता था और उस समय की प्रगति के अनुसार अतिरिक्त लोगों को नौकरी देना संभव नहीं होने से कारखाने धीरे धीरे इस योजना के लिए तैयार नहीं होने लगें।
यह कहना कि यह मामाजी की योजना है, कहना ग़लत है परन्तु सरकार को इसे पुनः शुरू करना चाहिये
प्रोफेसर के चेहरे की लुनाई (चमक) अच्छी थी,पर सर मुंबई,पूना के जो लूजर थे वे अपने साथ बेहतर अनुभव लेकर आये और उनमें से जिन लोगों ने कुछ नया किया उसका सभी को लाभ मिला , अरे सर हमें बस फ्री में देना बंद कर दें हम जिंदगी सवांर लेंगे पर क्या हो सकता है सरकार बनानी है तो वोट भी तो फ्री में चाहिए, देश मे मेहनतकशों की कमी नहीं है बस कमी है तो विश्वास की जो सिर्फ... कुछ के ही पास है कि हमें सिर्फ हमारा धर्म सुरक्षित रखना है और दूसरी ओर धर्म जाये ..हमे आज क्या मिल रहा है... कर्नाटक, हिमाचल, पंजाब जिनके पास संसाधनों की कोई कमी नहीं उनके हालात से भी हमें कुछ नहीं सीखना 😢
I searched to watch his latest (previous) Sam-Vaad. So happy to find a brand new convo. Thank you, always very insightful..
R&D has multiple of 10 or more and we spend least on it. Availability of cheap credit is fuel for any economy, which I think govt. should do more. Business should be able to get business loan at 3 %max for 10 years.
What a informative talk regarding our country's economy. Our politicians should watch such programs before announcing fancy schemes, if they are really concerned about our country's growth.
47:35 You should ask these kind of questions... Mai to aise hi puchhta hu....was epic😂😂
1st identify the citizens...more than 10 cr Rohingyas and Bangladeshi living illegally across in India.
In my view, India’s biggest problems are its diversity, political system, and over population. India needs following revolutionary reforms to achieve China like growth:
1. The state must be created based on population rather than based on language, culture, religion, ethnicity, cast, etc. If any state’s population surpasses more than 3 cr, the state must be bifurcated immediately.
2. The state level parties are not allowed to participate in national election (loksabha) and the national level parties are not allowed to participate in state election.
3. To be eligible to vote in national election (Loksabha), one must have at least 12th pass qualification.
4. The selection of ministers in parliament must be based on meritocracy. For example, the elected member who has served in foreign service as an ambassador is only allowed to become a foreign minister.
5. Population Control Bill (Only 2 child policy).
6. One county One election
What an excellent & informative episode?
BJP communication specialists seem defocussed in recent times and are not giving proper publicity to the buffoonery schemes of Rahul Gandhi. This episode needs to be given wide publicity.
Also needs a counterpoint, who supports khata-khat schemes just to get a view from other side
Good discussion. However, some of the recommendations are not practical. E.g. Government supported employee training program. If create a program, every employer will want to take advantage of the program for all hires, not just the incremental hires. So the program will cost a lot more. Also, the employers don’t like training employees because the employees can get hired away by competitors once they are trained. I disagree that the infrastructure spend needs to more bottoms up. You need certain level of infrastructure nationwide for development. You can’t attract investment without infrastructure.
logical and clear
आप निष्पक्ष इंटरव्यू करते हैं देखने के लिए मजबूर हो जाते हैं
विपक्ष देश तोड़ने की बात कर रहा था पार्लियामेंट में। ये मिस्टेक नहीं है, ये सुसाइड हैं
Correct. Unutilised skilled resources.
Nirmala Aunty be like: govt ka income kaha se aayega? Tax se.
Aam Hindu fools: but humara income kaha se aayega???
Nirmala Aunty: i dont eat Onion
Reduce Cap ex by 4 lakh crore.
Increase Ayushman by1 lakh crore
Increase Ghar yojna by 1 lakh crore
Increaser sikho kamao yojna by 1 lakh crore.
Increase mudra loan by 1 lakh crore
Simple
Modi ji pls pls pls
Wonderful discussion 🎉🎉
Jai Bharat 🙏🙏
Wonderful. Wonderful discussion. Gave me a different perspective regarding the CapEx allocation and infrastructure.
Wow what a thoughtful discussion thank u so much for such an informative interview
Brilliant insights
Please call Prof. Vibhas Jha sir on the podcast.
The clarity he has is astounding
I think govt should give unemployment allowance for the losers of formalization. Absence of that has led to appeal of khatakhat schemes.
The mistakes pointed out are really correct.
Export increase karna hoga
Cars,two wheeler, food products, rice.
Import ko kam karo crude oil import ko half karo,
It’s always a joy to listen to the professor
Gud one
ham chahe kitna bhi intellectualise karlein vote to freebies aur appeasement se he milte hain...
and that's what congress know very well.
Thank you for bringing this up.
Why this expert is not made the economic/ financial spokesperson of the BJP party???
People of india will come to know about the truth of the works done by bjp and the khata khat laddu of Rahul Gandhi and the Opposition
Bcs he didn't tow party line, he appreciated something of congress as well and discussed failure of bjp as well, as a academic should do
Sir
Would you recommend revision of income tax slabs to help the middle class.
I want to know the pension and expenditure on MP's
Irrelevant in larger scheme , less than thousand people.. not a big deal in budget of trillions
Incentives work for corporations and subsidy works for infrastructure development, all aspects have their pros and cONS but short run and long run should also be considered.
One disagreement Sir, Khatakhat will not be for 10 crore women. Assuming 20 crore of the bottommost poor households in India, (5 member on an average) only 4 crore women needs to be provided Rs 1 lakh translating to 4 lakh crore. The govt lost 2 lakh crore approx in cutting corporate tax that can be reimplemented. Further, GST collections will increase as these poor households won't spend in New York or Munich but in India. Rest is easily manageable by issuing 10 or 20 year bonds.
The issue of dmart and small shop is applicable in mumbai also.. but we dont see small shop gettg affected as they too have innovated
All suggestions are towards a larger government and more involvement. Not a single suggestion on areas for exit.
Seems like you didn't hear his point of view - he said that we need sarkari intervention only when there is market failure otherwise free Market policy will do
VAAD could you give the Links to previous talks with ARHANT PARWARIA.
He speaks with amazing clarity. For the first time ever I actually understood the logic behind the Government’s BUDGET.
He is superb.
May be you could have a special session with him with a content explaining the process of budget allocations and title it BUDGET ECONOMICS FOR DUMMIES!
People like me would appreciate that hugely.
I don't agree with the idea that we shouldn't build roads in rural India. If we consider profitability, there are many other things that the government shouldn't be doing, like installing streetlights in low-traffic areas, building parks, running buses in low density areas. Another point was about small shop owners seeing a decrease in earnings when large stores move in. But I think that if someone has been running a small shop for 30 years without being able to expand, they were likely to go out of business sooner of later. Just imagine, with the population growing so fast, sticking to the same business model for 30 years without expanding or innovating would someday lead to problems. Other thing that i would say is the MRP system should be done away with. It was useful during the socialist era but doesn't make sense now as free market should decide the prices and not the government.
In the entire podcast he's not said that roads should not be built in rural India. He said that it's important to build where necessary, not build like Sri Lanka in the middle of a forest which will have no multiplier, it's important to increase the income and movement of the place before building roads, so building hospitals, houses, toilets and schools before building roads.
And saying that small business owners are anyway going to go bust so might as well let them go bust is a very dangerous proposition, big business can scale up very quickly and disrupt small economies, and it's important to know that these small business employ a lot more people, now economics says that these people are not efficient hence money / business moves away from them, but it takes time for people for these people to find employment and if they are semi literate this time can be even longer or permanent.
I follow your channel and videos, but as a feedback, it’s pretty clear you have a single point agenda to show negatives of congress / Nehru. Please have a balanced discussion and also show the negatives of BJP.
India needs blocks of housing in every city big blocks like 20+ story
I like this Expert most among all who comes to this show.
Very insightful discussion.....
Level of knowledge of host in economics is excellent
Gadkari has got Blank Cheque and he is doing this mindless expenses. He needs to be in control. Govt should listen to this man.
Bhai Road par Ghanta Capex. kar rhe hai, Saara to Construction companies se partnership karke ho rha hai, Same amount is being recovered by very high tolls.
It's either BOT or PPP model, where the Companies and the govt. take some part of the risk by funding a portion of the road then give out the road to the companies for a few years so that they can recover their investment, after which the roads are transferred to the govt.
The % of the govt investment is anywhere between 30-40%.
It's not a small no. If govt has to fund everything then the road development would move at a snails pace.
@@gtgd_797 so you're justifying bot and Ppp model..
अति उत्तम विश्लेषण।
bandh karo sab freebies....
6000 kisano wala bhi bakwas hai......
bandh karo.....APL card walo ko bhi free rashan de rahe hai....sab close karo...
aur jitni income hai usse kam karcha karo...
🇮🇳🙏
Kisan samman Nidhi is worst scheme Ayushman is good Kissan ko Ayushman mein cover karna beneficial hoga
Our country is going to be extinct, we sanatanis have no unity,
तीन sector मे पैसा बचाव
Education food and entertainment
His point of view was nice, but the road infrastructure is top most requirement of our country. First of all, our consumption is already much higher than the production, as the evidence is our imports.
Improving road infrastructure will enhance inter-connectivity that boost the mitigation of delays, easy access/approach and help meet the required production rates.
However, this long term plan is for better future of India, same as Atal ji did by discontinuing the pensions. Yeah, his point is good for the party.
One suggestion math calculations graphically dikha sakte ho for us to understand easily
Great initiative 👍👍
Give youths skill and job home will be made automatically. Give more money for skill and less money for other things .
With all due respect, you are wrong when you say rural roads are not required. We need to connect rural India with the larger economy so that they can also benefits from them. And we need not to divest in housing, the housing is free bee only. Badha hi bakwas view laga ye. Kuchh bhi discussion nahi rakha kariye. Govt ko aur baaki suggestions ki zarurat hai but ye suggestions bear hain
When did he say they are not required? He said house has more multiplier
Now karnatak bring private sector reservation
India has bottlenecks in research and development, higher education and medical
Very nice ideas...I agree with sir.
Upper caste ki kamar tod di hai
Aisa kuchh nhi he. Sab marenge russian language sikho bhago
Russia jao
Japan
China. Stable country he
Next. 50 Saal bhi dikat nhi he par india har. 5 year main. Halat kharab hogi. Mushlim population repid increase hui he
The politicians and babus in this country are not smart enough to understand him.
Nice. Now get Sanjeev Sanyal next.
Its time govt looks at investing in Golden Quadrilateral. It has been 20+ years since it was built. The GQ is chocking.