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00:00Mr. Prasad from Vivekam Financial Services MD and Dr. Thirunahari Seshu from KU Ardhaka Sastra Department.
00:06Mr. Seshu and Mr. Prasad, Namaste.
00:08Mr. Prasad, let us start with you.
00:10Sir, in a few days, the NDA Government is going to introduce the budget for the first time in 3.0.
00:16Then, this time, how are the budget priorities going to be?
00:19Actually, we all try to highlight the budget in the TV program.
00:25Actually, that is like a passing statement.
00:27The difference between then and now is that,
00:30before that, there were various types of taxes,
00:32such as sales tax, various access duties,
00:35and many other types of taxes.
00:36All these were unified and subsumed here.
00:40Now that GST has come into play,
00:42there is no need to give so much importance to this budget.
00:46Why?
00:47Because the budget is decided by the Finance Minister.
00:53GST cannot decide on its own.
00:57Because there is a separate council for that.
00:59They meet regularly.
01:01According to that consensus,
01:02all the people from all the states will come together and decide.
01:05So, the Finance Minister has a little less right to do so.
01:09Otherwise, there is direct access.
01:11Even in direct access,
01:12even now, due to the changes in diplomacy,
01:15even if they say that they will make it easy,
01:17they say that they have made it difficult.
01:19Practicing chart accountants and SSEs say so.
01:21But for SSEs,
01:23there is a reduction in the number of people
01:26who come to the Income Tax Office.
01:28Because of this,
01:29there is a little more clarity due to the faceless assessment.
01:32There is a chance to breathe a little.
01:35So, in the next 50 days,
01:37the main goal of the Finance Minister is
01:41how to make sure that the economy in our country is kick-started.
01:45Because there is a little stability,
01:47if you want to revive it,
01:48you have to say what decision to take.
01:50Because giving a budget is different from assuring it.
01:53For example,
01:54last year,
01:55they gave us an interim budget,
01:57and then they gave us a final budget.
01:59After that,
02:00if you look at the capital expenditure,
02:04it is very unfair.
02:05It is so unfair that no one can imagine.
02:08If you look at it now,
02:09till the end of November,
02:10December,
02:11it has not come yet,
02:12but only 48 percent.
02:14In the entire year,
02:16the central government spent only 48 percent.
02:19Similarly,
02:20from the central government,
02:21to the state government,
02:22for the capital expenditure,
02:23for example,
02:24I will give you a loan for 50 years without interest.
02:26If you pay the capital expenditure,
02:28the GDP will increase.
02:30They did not release loans to them.
02:32Now,
02:33if you open your eyes so slowly and say,
02:35we will relax all those conditions.
02:37They said,
02:38we will give it to you too.
02:39Because of that,
02:40in this budget,
02:41there will definitely be a proposal for it.
02:43According to my opinion,
02:44it will definitely be there.
02:45So,
02:46we have to say that
02:47this kind of situation will not happen again.
02:49Otherwise,
02:50the government is the biggest spender
02:52in any country in the world.
02:54If they spend a lot,
02:56all companies,
02:57all businesses,
02:58and all sectors
02:59will have the opportunity
03:00to give a little money.
03:01The economy will be greased.
03:03If that does not happen,
03:04the GDP will definitely increase.
03:06It has already come to 5.4 percent in September,
03:09so it looks like it has already increased a little
03:11in the quarter that started in December.
03:13Because,
03:14when the government spends,
03:15the private sector also plays a role.
03:18But,
03:19if the government is hiding it carefully,
03:21the private sector will not come forward.
03:23So,
03:24it should definitely be addressed.
03:26Along with that,
03:27employment generation.
03:28We can talk about that later in this discussion.
03:30Okay, sir.
03:31According to my opinion,
03:32we should focus more on this.
03:33Mr. Seshu,
03:34the common people,
03:35the poor,
03:36the middle class,
03:37and the middle class.
03:38When you look at it like this,
03:40who is responsible for the budget?
03:42Whenever the budget is introduced,
03:44there will be influential people in that budget.
03:46These influential people will always be
03:48looking forward to the budget.
03:50Among these influential people,
03:52there will be mainly the poor.
03:54When the poor people see,
03:55when the budget is introduced,
03:57they will be looking forward to the benefits
04:00and benefits that will be given
04:02on the basis of income.
04:05Secondly,
04:06the middle class.
04:07If we look at the economy of India,
04:10the middle class is 39 percent poor.
04:13In an estimate by a company called Praizal,
04:16the middle class is 39 percent poor.
04:18To build up this growing population,
04:22the Finance Minister is looking forward to the middle class
04:25to see what policies the Finance Minister
04:27is going to take in this budget,
04:29and how it is going to support us.
04:30Then, the poor and the common people.
04:32What do the poor and the common people see?
04:34What are the benefits that we are going to get
04:36from the budget,
04:37and what are the benefits that we are going to get
04:39from the existing budget?
04:41What are the new policies that are going to be introduced?
04:44This is what the poor and the common people
04:46are going to see.
04:47Fourthly,
04:48the poor and the common people
04:50will be looking forward to the budget.
04:52What are they going to take in this budget?
04:54What are they going to give to the poor and the common people?
04:57What are they going to encourage?