Palanivel Thiaga Rajan Exclusive | Some Southern States Allege Unfair Devolution Of Taxes
ฝัง
- เผยแพร่เมื่อ 15 ก.พ. 2024
- Southern states of Karnataka, Kerala & Tamil Nadu have been alleging unfair devolution of taxes from the Centre's shareable pool. Latha Venkatesh speaks to Tamil Nadu's IT Minister Palanivel Thiaga Rajan about his take on the tax devolution formula.
#center #states #taxsharing #taxdevolution #taxcollection #kerala #tamilnadu #karnataka #centergovernment #palanivelthiagarajan #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish
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He deserves to be the financial minister of India 🇮🇳 ❤
PTR is One of the gem needed for the country to develop the poor & backward Communally infected states like UP & BIHAR
What’s bothering the most to the southern states is that they are not only denied their due share of taxes but also being subjected to the cultural hegemony of the northern states including the imposition of the language!
Absolutely true. Southern States are being treated by the central government as vassal states. South doesn't have the feet-touching culture of the North which is not liked by the political Czars of the North.
Nirmala can go to ptr house for finance tuition
She is already getting assistance from him . They two meet and discuss finance often ..
In your dreams
@@vishanthdivakarinstead ptr himself can be declared fm
@@555nicky u mean in the centre ? No way BJP will do that . He is not even in TN cabinet for being honest
Yes. So that she can learn how to make 150 year invt Banks like Lehman in US and Singapore to go bust (achievements of PTR) 😂😂
So on point, Mr PTR - India needs you as its FM! Need l say more?
Respect 🙏
You guys should get such ministers for solid discussion.
PTR 👏👏💯👌
In north we are not worried about education.... We are good enough to sell pakodas.... But in south even the poorest family make sure their kids get good education
It will change with time.However, what I worry more is the people of Northern India are increasingly becoming prey to the communal polarization of the BJP.I was born into a Muslim family but I have no problem in voting for party advocates atheism as one of its founding principle(the DMK).
@@hameed7939 dmk's founding principle is not atheism but social justice and equality which inturn led to atheism movements
North india till MP & till Bihar are most corrupt states . Ppl are generally aggressive without any integrity towards country & socity. The fact is that most of these states cant even pay their own bills. 😂😂😅
@@SanthoshKumar0104 I said one of the political policies in its early periods of its inception in 1948 was atheism.However, when the DMK decided to contest assembly elections in 1957 it changed it's atheistic stance or position.
@@hameed7939 that is because DMK is supporting you and they never attack Allah or Mohammed but only hindu deities or saints. They project as the support of Muslims and act accordingly. Your voting is on religious basis and this have made BJP use Hindu sentiments and winning left and right. If everyone vote on performance basis instead of any ideology then our comfort will be better
That suits you. Isn't it?
Salute the conviction and erudition of the the earlier TN finance minister.We require more like him
When the politician so strong in deep finance..the interviewer from the finance channel getting shaky murummering quetionss..(her mind voice oh my god how to deal with it this ans😂😂)..
No FM in India in recent years will have so much clarity and vision.
He's talkative only thrown out overnight by overstepping into Udai nithi / sabareesan financial strength within 6 months.. He can give lectures after lectures for time passing. NO FRUITFUL results going to come..😅😂
@@natarajanravisoundarrajan5953 Okay Mr. Dumb 😂
He should be the next chief minister of tamilnadu.
Not possible. He is tamil, not telugu. Only telugu can be CM from dmk
Why CM of Tamilnadu. For his talent He should be Finance Minister of India . That's the ideal role for him
@@aryavishwanathan4662 mmm we don't need Telugu hereafter to rule our TN
@dr_anushrikshatriya but majority of Tamils vote for Telugu DMK to rule over them.... how are you going to change it?
First ever government in the world that punishes performers instead of giving incentives
Why isn't this guy FM of India
may soon, you never know!
@@reganjoans Not even the DMK likes him, he was demoted from FM to IT minister. And that is because he is not afraid to speak the facts, and no political party likes someone who speaks the truth.
Excellent content! Mr Thiagarajan's solutions to the problems with the criterion used by successive Finance Commissions are brilliant and implementing them (in particular, his emphasis on "leading indicators" as opposed to lagging) is imperative at this point in time.
He should be FM of india.
Maybe the lok sabha seat representation by the states should be proportional to their financial inputs?
then some states will need attention will have very little representation. Democracy is flawed, without the willingness of the ruling party every design is flawed.
This is a wonderful idea
Definitely it should be like that
Yeah agree it definitely should be
Good suggestion
Literacy level when increases the support for BJP is reduced
That's why their government is not bothered about educating their citizens, if they're happy by selling Pakodas, BJP is the sure winner.
The problem faced by Southern States like TN, Kerala and Tamil Nadu are two fold - The govts. of BIMARU states don't bother about economic upliftment. Secondly, the poor from BIMARU migrate to Southern states and they have to take care of the migrants from Southern states as well !
This is serious problem, potential to future civil war. So union government must act ASAP. Don't laugh at "Civil war" because people of Yugoslavia, Czechkoslovaki, Soviet Union, etc.. exactly had same problem but laughed and said... "Naaah civil war is not possible what a joke" and those countries don't exist today. If you think India is not those countries then you know nothing about majority sentiment of southern.
This is an important point. Indians, in general, take their union for granted. They forget the history of other countries that broke up following a civil war. A simple tax on imports of Tea led to a revolutionary war in the US. This country is a union of states with rich and different histories and cultures. There are stirrings of disaffection in Southern states. This does not augur well for the country
Awesome ptr
Great discussion, very helpful. Hope more and more people listen to such discussions and understand where we as a nation, need to improve our economic and financial policies.
The greatest finance man we had was the super educated PM who used to speak less and then opposition levelled all sorts of bad words against him. He was Sardar Dr. Manmohan Singh.
It’s a fair ask. PTR is suggesting to have a formula with capping and flooring and asking to measure how funds are used. Not saying rich states shouldn’t share to poorer ones.
I urge our CM Mr.Stalin to reinstate Mr.PTR as Finance Minister in the next Cabinet of the DMK Government in 2026.He may be vocal on critical issues.For instance criticising the former Chief Justice of India N.V. Ramana, for proposing a committee to examine the so-called 'freebies' promised in the run-up to elections as he rightly did.However, in the matters of Finance his knowledge and expertise is unmatched within the Ministers in the Tamil Nadu cabinet.
He has already set the finances well, our fiscal deficit is reducing YoY already.
We need him in other portfolios, after IT, we need him to keep to Energy.
@@Bhuv- ok
Has the finance commission considered that Southern states are taking care of migrants from BIMARU states before distribution of tax money ?
ALL STATES SHOULD HAVE EQUAL NUMBER OF MP SEATS IN LOKSABHA OTHERWISE WE FEEL DOMINATED BY NORTHENERS
America have a concept called "state electorates" designed in constitution itself to make sure presidential candidates does not win just by focusing on specific large vote share states. In India this concept is not there, thus BJP is focusing votes from Hindi belt (UP, Bihar, uttarkhand etc), which itself will make them PM election winner.
Central govt. take the money from South and give it to BIMARU states. The BIMARU state govts waste away that money. BIMARU state's poor people migrate to the South. And the Southern states have to give provide them with livelihoods
Has the finance commission considered that Southern states are taking care of migrants from BIMARU states before distribution of tax money ?
That's the case for even gujarat, maharashtra,Delhi etc. But no use crying about it. It's a federal structure and things have to be done this way. Or else, the disparity will only increase. And before jumping to conclusions, I am a Gujarati myself.
@@chirayubrahmbhatt6843 - If you watched the entire interview, what PTR is rightly pointing is the widening of the disparity and disproportionate allocation of capital to states like UP, Bihar and Arunachal Pradesh. I agree that some capital should be allocated towards poorer states. The fact, as backed by data, is that such policy is not working. If such measures are not narrowing the gap, they should incentivize the poor states to elevate their HDI and per capita income. It is like if you keep giving alms to the poor, they'll never learn to earn ! Political parties (including Congress), willingly or inadvertently take advantage of this to grow their base (as in the case of BJP by pumping more money to Hindi heartland) at the cost better performing Southern states. That's why I say Indian bureaucrats are dumb, lazy and cowards!
@@agytjaxwhy should progressive states be the Mai, Bap of the BIMARU states, whose governments are happy if it's citizens sells Pakodas and get political mileage?
@@chirayubrahmbhatt6843in that case center should allocate more funds to the progressive states to take care of migrant population specially from BIMARU states.
@@chirayubrahmbhatt6843federal structure or any other structure, under no circumstances we should encourage national integration "By exploiting one state to fill the belly of the other state"
Excellent disc
what a great discussion. Media should learn from this
Extraordinary person, he means business , We are missing, this country deliberately wantonly and voluntarily Missing his service very sad, as Indian very depressing.
One of Tamil Nadu and India Brillant minds
Excellent explaination by PTR , 🎉 very well explained..
Some points from PTR can be taken into considerations.
Since Dr. PTR's VERY QUALITATIVE Suggestions to The Finance Commission Were Made SIX YEARS AGO and Since NOTHING Has Been Adopted by The Finance Commission Clearly Indicates One of TWO Things or BOTH : The Individuals Sitting on The Commission are EITHER Deaf OR Idiots OR Both - I Imagine They Are BOTH 😜. Maybe Our Most Hon'ble Nirmala JI Must " Look into This " Perhaps IF She is Able to Comprehend The Suggestions of Dr PTR 🙃
Finance Commission is appointed by PM and Cabinet. It’s an insult that allocation requires the picture of the PM on the handout or subject matter. It imperative that the ‘other states’ catch-up or show signs that they are on the road to progress. It is in India’s interest. We cannot have states lagging behind . It is a dangerous road to play politics with this important issue. Indians must step up to the 21st century with their moral compass intact.
This guy is excellent!!
The interviewer is pretty good too!
Every competitive exams has negative marks for incorrect answer, why not penalise states which didn't use the surplus allocation for the past 25 years?
In up and bihar the money is going into politicians pockets not to the public.
Now he is move on to IT and infrastructure departmenmt in tamilnadu. recently i remove my name and applied for new ration card and all the process done only through gov website .. He is graduated from MIT college.
85% Devolution of Taxes to Uttar Pradesh ALONE ? WOW ! That is CERTAINLY a Case for The 4 States of South India to Question! IF This Statement by Dr.PTR is TRUE - I Think it is UNFAIR By ANY Measure of LOGIC and PROPORTIONALITY 😒
How come this interview happened in tv18?
For Such an Experienced TV Journo Like Latha - She SHOULD By Now KNOW That The TITLE She Should Use to Address Her Interviewee is : " Dr PTR " and NOT " Mr PTR " !!!!😡. The Gentleman is WELL DESERVING of Such a " Courtesy " Latha JI
😂😂
Ptr knowledge ❤️🔥❤️🔥
Excellent argument PTR
Excellent interview
PTR for PM. He is educated. He has worked in pvt cos. means he is efficient. 10% real GDP can be given by him.
South produce revenue. North produce babies.
Ancor's
face is in my mind.
After 15 years I am seeing the face.
Great.
Great
This won't reach common man.
1000%
I do agree with this debate.
Suggest a formula wherein u deduct 20% directly from GST available for distribution and divide the 80% bases on tax share % of different srates
Poor states are not growing because their policies are not supporting .Unless they show some growth the centre should not distribute more money to such states. Grown up states can't be penalized for the sake of non growing states which does not show interest also.
Will u support a drunkard family life long ?
PTR's question is very direct.... What is the progress you (money receiving states) made during the last 25 years. Very seriously, during the last ten years...
It is a question asked on behalf of the citizens of the receiving states.....
BJP is an autocratic, brahminical party, trying destroy federalism, including BJP ruled states...
North Indian states need money from the southern states, but the overwhelming majority (population) of the North ends up choosing the central government and that government neglects the Southern states. It cannot be a long-term sustainable model; something has got to change.
PTR. As usual 👍
You are a gem sir. ❤
Finance commision is composed of members selected by the government in power. It was so under congress & is under BJP. Of course, that is unavoidable. Being so, the commision doesn't has independence in deciding its own outcome.
It is bound to reflect only what the union government will be willing to share. The parameters of finance devolution are outmoded. They should be amended equitably to take care of the concerns of states like T.N.
With BJP in power at the centre it is nearly impossible. It is bent upon choking finances to states ruled by opposition parties. Why not the state like approach supreme court like kerala?
We have got solid rationale & reasons. Yet, we keep begging for funds from BJP for the unprecedented recent floods. All entreaties & people's cries have fallen on BJP's deaf ears.
Blaming BJP will no do anything, people are greedy and corrupt at heart, a resource starved nation only aggravates this problem. If southern centered parties were in majority, they might also do these things eventually. We need true nation lovers to run the country, BJP has other definition of patriotism.
15 th finance doesnt have a sibgle member from southern states
Not “some” all southern states have an issue with this looting
BJP at all cost shouldn't be allowed to come in South India. In fact i hope that even the north wont fall to the bgakt mivemeng and the chella cuiture - Why? Because we are citizens of a country and as ctizens we have a rightful detail to question the govt. As chellas you have to do chsmchagiri. Not helpful.
Great logic. Where does the money paid go? Education? Health? .... where?
Pockets of Adani, Vijay maliya.
Finance commission is biased. Its not independent anymore. Should abolish. Modi abolished planning commission long before why not finance commission?
Ptr should be the pm candidate for the INDIA alliance
The summary of this video is at 17:32.
What he is saying is homework she should have done as media and asked questions on the PM
👍👍
How many times Mr. PTR will reiterate these points to the stone heads which have no intention of correcting the system. It's a sort of neo - colonialism imposed on some states. Things should change for the better for India to become a deveped nation by 2030
PTR is so articulate.
The balance 20% can be used to compensate the poor states
Let the north Indian States take more money...Put a condition that they have to stop people from migrating to South India like bangalore..we are facing a lot problems (Water) as too many people are moving into bangalore
PTR has been wasting his time with these people asking same questions again and again for the past two years. He should stop doing interviews to North Indian media and give only to international media.
He is the only capable of all the ministers . But govt sacked him 🤦
Jiski jitni population uska utna haak... Translation "more population more rights"... This was India alliance slogan😂😂😂
PTR is a deserved person for Central F.M.
Have huge respect on ptr sir but issue is his past credentials with big banks itself is horrible
He is well informed and knowledgeable but it can't be implemented and also he is from a elite family who has no experience of ground level ppls problem
18:38 State with high growth and high education and low population growth rates tend to not to vote for BJP😂
the lady could not understand PTR's vision or explainers , but atleast she can try to understand what he says in terms of data, she even fails there miserably..
PTR is most eligible candidate for FM of India
Its not an Allegation, its a freaking fact.
Question to CNBC - TV 18 and To Our Dear Latha JI : The TOPIC is Related to FINANCE. Why Are You Interviewing Dr.PTR and NOT Thiru Thangam Thennarasu Who is The FINANCE Minister of The Great State of Tamil Nadu ?
Why not use the same guidelines in Tamil Nadu.. If minorities is not progressing don't give them reservation... Why are they not decreasing reservation every year
DMK is just trying to play political card
He is in the wrong party. He should just move to BJP join hands with Annamalai
@@satishkumarsivagnanam5267😂😂😂😂😂😂
This is why people shld be educated 😂
If Modi Govt ready to announce De caste among Hindus, then reseravtion system will be Invalid . who are doing social engg in politics. ? Hindu authoity BJP, why do not take any action to vanish caste system? who gave 10% reseravtion to poor 8 Lakhs remunerators ?
This is my last message. First of all I have no compulsion to support any party when talking on Economics. I am too old to carry the brief for anyone. There was no necessity for Congress to mobilise resources through Cess. They were handed over on Gold plate an Economy which was about to take off in every sphere. Everything was loaded in their favour. World economy was in cloud 9. They wasted the resources by writing off loans, forcing PSU banks to give loan to shady guys. Finally looted everything & left the banks bankrupt, double digit inflation & earned the title of fragile five nations of the world (Contd)
Irresponsible Finance minister blames finance commission,, she has no value and has no understanding about finance
PTR only mistake he did was leak audio files where he really speaks poorly of dmk.
It was that moron annamalai's fault.. he was so afraid of PTR.. he used such a cowardly way..
But no matter, PTR will shine in whatever portfolio.. he actually needs to become the FM of india..
Now it is hurting you... Is it ? The average education in Bihar is a Elementary drop outs.... and the money goes for nothing... Valid Point. What about the quota system in the Education ? How much ever education you give the scores are not getting high....
still the rank holders are on the general pool? When are we going to fix that ?
I think only 50% of the seats are reserved. If one cannot do anything in the other fifty percent, do you believe they’ll do so good in the other 50%?
This is addition to the 10% EWS reservation for the hardly 3% forward castes.
@@kkvjkumar Since Independence ?
@@sri12in the reservation was lot less in the first few years after independence. In 1980s only, the reservation was increased and it was further increased after the mandal commission.
@@sri12inshut up your mouth. Do you want ews reservation from the time of independence?
@@rajasharathchandraacha9542 I did not say that infact I asked the same. I asked the other person that it is in existence since Independance. Now you chill....
DMK had a chance to fix that when they enjoyed 10 years in center power during Congress rule but they didn't care then...Now they are crying
Maharashtra or Gujarat Taxes.
If Maharashtra gives 100 rupees taxes
Maharashtra takes only 7.7 rupees.
Gujarat gives 100 rupees in taxes.
Takes only 31 rupees.
If compared with the population.
Maharashtra and Gujarat states are paying more taxes compared with all southern states.
Everyone talking about Uttarpradesh... You are talking maharastra and Gujarat..... Chall Chapri
Okey thn coming to your point.. that you mentioned 2 states gets the Rs 7.7 and 31. In the month of March .... Central govt not giving the tax amount to south states.... Center just written off the tax ad liability amount that have to be given to Southern states.....if center is ready to give 180 rs to UP why can't they give amount to south of Rs.44.1..!?
I hate DMK kind of politics but he is making extremely cogent arguments. Just imagine if the farmers demands are met, this problem will further aggravate
achha. Increase corporate tax by just 1 pct. farmers issue will be resolved. Today you are paying more taxes in pct term than corporate
@@ravi-it3vj where do you think the corporate taxes come from. How many big corporations are based in UP and Bihar. Punjab is also a hugely indebted state largely because of the same horrible policies the farmers are asking more of.
1% increase won't amount to nothing( 1% of 19 lakh crores, which represents both personal and corporate collections for this year, is just 19000crores or roughly 2.5 billion USD) and it will further make India more uncompetitive compared to other economies which are also eyeing the same dollars
@@user-urdaddy achha abhi competition ka yaad aa gaya?
@@ravi-it3vj 1% increase in tax will eventually be passed to consumers. MSP the way farmers want it very difficult and should only be given in case of disasters (or like insurance against unforeseen loses)
He is a hard core dravidian, like his father, like his grand father, like his great grand father. If you do not like DMK kind of politics, you should not like what he says. What he says is DMK kind of politics.
Agree on how Mr PTR's view on setting the criteria.. that is something the FC can discuss. Issue is... DMK and some southern parties have been vocal and spreading lies that the central government is "not giving importance to the southern states", " is taking a lot and giving little" As Mr PTR has rightfully pointed out, this has been the ongoing for the last 25 to 30 yrs. Since DMK was in the congress coalition, why didn't DMK do about this during the UPA reign. The current government is giving according to the FC guidelines. They are just finding excuses and reasons to discredit BJP. For once after independence, India has a great and visionary leader who walk the talk in Modi, ( i'm not a BJP supporter) and india is growing economically and Statue in the world politics. Pls give him some time, let him continue.
We need to hear the finance commission point of view, we are hearing the one -side, Commnets like Nirmala go to Finance tuition or PTR become Finance minister are not warranted. When he was Finance minister what did he do, during GST council meetings or Did he talk to the Finance commission and not when he was in opposition 5 or 6 years ago. Further, the theory that rich states share more to poorer states and get less, is again misplaced, TN gets less despite more collection is due to more production vs less sales, TN may produce millions of cars but the sale is happening in other states and GST is collected there. it is not politicisation ofm funds, if the funds given are not used for development but for corruption like in West Bengal and TN.
Nirmala Sitaraman will not be able to last 2 minutes with PTR in a debate. She is the exact opposite of him - 100% incompetent, 0% empathy.
PTR is Financial Analyst and Investment Banker in Lehmann brothers with 10 +years . MIT sloan MBA graduate Doctorate in Finance. In Whole TN, he just decreased Total debt as far as admk debt. Knowledgable guy
Looks like the Stalins have realized their inability to operate at this level of sophistication and brought out ptr from the closet where he was relegated post his comments about dmk corruption to comment on finance. 😂
Yes Dmk is corupted Party but never Beat BJP . Demonetization 20% commission fo new nore exchange, PM care fund, 7.5 lakh core alleagtion put by CAG, Raffael Jst file, and Eletral Bond. India has never seen like this corrupted Govt
He represents dmk a highly corrupt party that also supports drug trades and highly anti Hindu
PTR should also assess if Tamilnadu parties also share blame in non development of UP and Bihar ? Out of 30 years 20 years they (DMK or AIDMK) are part of coalitions which ran India and they were partners with parties ruling UP and Bihar !
PTR> DMK❤
I'm from Maharashtra
if you compare southern India or western India.
compare with population and size
Western India (2 States)
Population - 20 crore
Net Tax collection -
Maharashtra - 5,42,498cr
Gujarat - 71,642cr
2 Western India states net tax collection - 6,14,140cr
Southern States (5 states)
Population - 26 crore
all 5 southern states' net tax collection- only 3,60,526cr
Maharashtra paying more taxes > All southern states
If You Compared with Delhi
Delhi Next Tax collection - 1,77,824cr
Karnataka - 1,68,678cr
Tamil Nadu - only 88,438cr
Delhi > Karnataka > Tamil Nadu
Tamil Nadu Net Tax Collection is less than 1 lakh crore rupees
only the media creates Southern India Tax hype.
Bla bla ..In his own state he was thrown out ..
Better than
" NIRMAL PICKLE " two white beard wallas as the logo..I love it 🎉😂❤
He's not thrown out. He got a different portfolio
PTR's observation on Central Schemes are false. Only 30% of funds are spent by Centre in India as against 60% by developed economies. This is the problem of two half baked economists airing the views
Wonder which developed economy you are referring to ? Your claim is baseless US and Europe central final expenditure as percent of GDP is 15%
@@prathapsankar007 In India States spend more than 50% of the total Government spending which is nearly twice the global average. Globally most of the spending is done by the centre but in India centre spending is only 30%. In other words we have a more federal set up than rest of the world. Read economist.
@@prathapsankar007 Tragically most of spending by states goes towards freebies in the name of welfare schemes. Infrastructure building is more critical to become a developed country than freebies of the kind which southern states are doing.
Sir are you better than an economist so why do you sit and comment here on TH-cam. Why can't you be an economist and be the FM of india
@@1955knvThe other comment asked for the basis of your claim but you keep diverting by giving more anecdotal claims.
Can you ask him about his party anti Brahmin anti Hindu stance?
Highly educated states people don’t vote to bjp, ..
Did that journalist make any sense? I dont think so
Full jhumla only 2 questions
1. He is not the finance minister of TN , he is the IT minister and that happened because he was caught on tape saying Stalin and family robbed 30k crores personally in 2 yrs . Why the f$&k is the IT minister doing the interview? Because the other fellow can’t speak a damn thing
2. All this goli around provide education based incentives ,leading indicators devolution : why hasn’t the Dravidian govt s applied this in 55 years of rule in TN ? Coimbatore and Chennai provide nearly 50% of the revenue . Same logic for India to TN should apply for TN to chennnai / coimbatore .
PS : Citizen of India from TN ..
Nirmala can go to ptr house for finance tuition