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  • We've just heard the longest budget speech delivered by a finance minister in recent years.

  • It lasted all of 160 minutes.

  • If therefore all if you are exhausted as I am, I would not blame you.

  • The only way I can help us by keeping the opening statement brief.

  • I am at a loss to understand what was a message intended to be conveyed by budget 2020 21.

  • I'm also not able to recall any memorable idea or statement in the speech.

  • The takeaway from the budget speech are the following one.

  • The government has given up on reviving the economy or accelerating the growth rate or promoting private investment or increasing efficiency or creating jobs or winning a greater share of world trade.

  • Two.

  • There were multiple teams, segments and programs and leaving the listener dazed and confused.

  • There's a laundry list of old that is current programs.

  • I'm pretty certain that even the most loyal bdp empty your supporter cannot latch on to any idea or statement in the budget speech and take it to the people.

  • If the ongoing programs have failed the people, how can throwing Maur or in some cases less money into the ongoing programs.

  • Change anything.

  • Three.

  • The B G P government has been identified with debatable positions like self reliance, protectionism, control and aggressive taxation.

  • The budget affirms those positions.

  • The government does not really believe in a market economy, competition or higher trade intensity.

  • The chief economic advisor must be a very disappointed man, for the government is in complete denial that the economy faces a grave macro economic challenge and the growth rate has declined in six successive quarters.

  • There is nothing in the budget that leads us to believe that growth will revive in 2020 21.

  • The claim off 6 to 6.5% growth next year is astonishing and even irresponsible.

  • Five on the Indian economies and demand constrained an investment starved.

  • They're famous, not acknowledged these two challenges, and that is a pity.

  • Consequently, she has proposed no measures or solutions to those two challenges.

  • If the twin challenges remain, the economy will not turn around and there will be no relief to the millions of poor on the middle class.

  • Six foot subsidy has been reduced.

  • Fertilizer subsidy has been reduced.

  • That batory um subsidy has bean marginally increased because of anticipated increase in oil prices, it appears that the people will not get any relief on the price front.

  • Please remember that CPI inflation is over 7% and food inflation is over 10%.

  • Seven.

  • The finance minister failed miserably in marksmanship in 2019 20 the current year.

  • She failed to meet any of the key budget estimate targets.

  • Nominal GDP growth, fiscal deficit, neck tax, revenue collection, this investment revenue or total expenditure.

  • There's no assurance that she will meet the targets.

  • Sit for 2020 21.

  • Ate.

  • The government does not believe in reforms and certainly not in structural reforms.

  • Their famous outright rejected.

  • Every and I repeat every reform idea out contained in the economic surfing, I wonder, did the FM read economic survey?

  • I also wonder, was the chief economic advisor privy to the contents of the budget speech?

  • I think the answer to both questions is on the negative.

  • So that is your budget for 2020 21.

  • You did not ask for such a budget, and you did not deserve such a budget for boating the B G, a p to power.

  • But you have to live with it until the government is forced to revise it, as it did in 2019.

  • Any questions?

  • We'll take it.

  • We'll start with you classes.

  • That has been a production of the the fact that it would be, once again, we see as far as the personal income tax relief is concerned, Of course, we would welcome any relief given to the income taxpayers on the lower brackets.

  • But whether it is 40,000 crores, they live exemptions.

  • It's only when you trade off the exemption on the relief.

  • You can really arrive at the relief if they're finally thrown some crumbs at the lower tax bracket.

  • I mean, it's not a matter to be welcome Door Congratulated about any relief to the lower income tax bracket, we welcome it as far as I d be a Candace concerned.

  • That was a decision taken last year.

  • So it's not a new decision, so I don't have to make a new comment on that.

  • Assad has a license is concerned.

  • It's highly debatable to assume that every public sector must go through a process of this investment.

  • Partial hole is wrong, Ally See actually is increased its share of first premium income in the last year.

  • As reported by the chairman, It has gained in competition with very strong private sector players.

  • So we will internally debated on whether the party and we will give our view on the floor of parliament, but I think it's a highly debatable proposition.

We've just heard the longest budget speech delivered by a finance minister in recent years.

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B1 中級

2020年預算案。P Chidambaram說,政府不相信改革。 (Budget 2020: Govt does not believe in reforms, says P Chidambaram)

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    林宜悉 發佈於 2021 年 01 月 14 日
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