Why This Budget 'Won't Create Crores of Jobs' | Ashneer Grover on Budget 2024 | NewsX
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- เผยแพร่เมื่อ 17 ต.ค. 2024
- Join us for an insightful discussion on the Union Budget 2024 with Ashneer Grover, the founder of BharatPe, as he shares his expert analysis and opinions on NewsX. In this exclusive interview, Ashneer delves into the key highlights of the budget, its impact on the economy, and what it means for businesses and startups in India. Don't miss out on this engaging conversation!
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Sitharaman to middle class and traders :
All your losses are completely yours ...
All your profits are mostly ours...
You are earning profits only because the markets are high. Btw, did you missed on nifty 400 pt gains 😂
@@sanjeevsharma9998 Not everyone invests in markets.
@@sanjeevsharma9998 The market is not a measure of our country's growth it involves risk suddenly it may become bearish who knows......
@@sanjeevsharma9998 pls wash your mouth first, you north wale
Look for the sleeping partner interview of Nirmala tai 😂😂😂
Taxes like United States and Services like African Countries, welcome to India
Right, Indian services are like Uganda 🇺🇬
@@imitimikas where is Uganda
Some African countries are actually offer better quality of life
You get free food That Annadata are growing for you, after paying MSP and their electricity in taxes Don't be so ungrateful. You are alive. Be thankful to that.
Lookout at Rwanda its going to outgrow India soon
Comments are straight from the heart. But this vision less FM is unfazed by these comments.😊
Bahut moti chamdi hai tai ki
FM or gov. Or Modi?
FM is just the mouth speaking his words, visionless is the PM
really. FM is so visionless that India elevated to 5th largest economy overtaking UK.
She is a puppet .. vishwaguru is directly getting his commands from some gujju bhai sitting somewhere 😂
Ashneer sounds more sense than FM
He is indeed
Government could have removed this dumb fm but ............
Isn't she just a spokesperson?
It's not a tough ask to have more sense than our FM unfortunately. I'm sure a tea seller is more sensible than FM(no pun intended).
I fully agree with you, hope the PM gives it a thought.
Increasing STCG and LTCG without abolishing security transactions tax is really horrible policy. Just giving 1450 rs as savings per month , by adjusting the slabs is not going to change anything for middle class. It's just the policy of keep squeezing middle class for more tax. 😠
Forgot abolishing STT, they doubled it.
Bro what about abolition of Indexation benefits ... It was taken out long back in 2018. Now she did it with real estate.
1st four years they wil screw, last year air strike, lower taxes, lower prices. Again come to power & repeat same next 5 years
Democracy is the worst thing for a developing nation
They won't come to power next time
@@parth3075 Congress coming to power next tine is gonna be even scarier. Cuz you know they have a history of declaring emergency. All these dictatorship jokes we make about bjp will become real if congress cones to power. We def need an alternative
@@KaushikkSahu-hp9dp right
Ninja technique smjhne m logo ne der krdi
Ashneer's thought process is crystal clear. Guy is very sharp. I would vote for any party which projects him as FM
Abey 😂
@@vu3dfq864yeh Marwagega 😂.
Ese he logo ne Kejriwal lo vote de Diya h.
Ashneer is good but As an FM, I am worried
Worst FM of all time. Never thought i would hate any politician after kejriwal.
same....i got anxiety while watching her on tv 😢😢😢
she is just a puppet modi is main culprit..
obviously you would hate an educated iitian politician who revolutionazied schools and medical what can be expected from GObar andhbhakts, infact you people deserve these type of politician whom u elected
Taare Zameen par
Dharmendra Pradhan ko bhul gaya..
Exactly what I feel. It makes more sense to shift to Dubai and invest in equity in India via mutual fund route and pay 0 tax under DTAA
basically you want to have a cake and eat it too !!
Same feeling! I live in Kuwait but the problem under DTAA is that no one knows how to get the certificate! Can U guide me. I can share my number if you are ok to guide me.
@@indiasane9420I don't see a problem with that
@@joysondsouza5819 no idea brother. But in UAE govt issues TRC as far as I know. Dunno about Kuwait
@@avishekm1985 what does a TRC mean? Is it like tax revenue collected?
Mr. Grover is 100% on point, specially on taxes
5th class maths problem. Ashneer nailed it
Ashneer Grover rocks and its a punch on the face of Govt..
Ashnir Grover and Mr. Pai ex-infosys should be made advisors to FM and PMO....the way FM Sitaraman is screwing up tax payers happiness for last 7 years, should be enough reason to dismiss her and her arrogant face and demeanor would not be missed by anyone
Both of them are not qualified enough 😂😂
Private jobs aaye toh Rahul ji ko problem, govt jobs aayein toh industry k logon ko problem.
I think Modi is the problem. Nothing is happening to the big business houses. Cars have become now necessity during present days and in this also they tax us @ 45%approximately and the manufacturers are just getting 5-6% of the total cost. Dilapidated roads and that too blocked at all times by one or on other, then toll roads all along the country with wrong toll deductions through Fastags. Everywhere chaos and nothing right.
When this country will realise, it's not FM it's PM who approves all this.
The Indian middle class has become too greedy. We don't really need than 7 lakh per annum to survive. I don't understand what so much fuss is about.
intellects like Ashneer should be part of finance reforms
strongly opinionated intellects with a moral compass
He is a moron who is clueless about how the world works. Decreasing taxes will create inflation chain reaction and destroy the economy.
Bro, aapki income kitni hai?
Fraud karega wehan bhi
@@techloud6659 bro doctor hai, surroundings toh dekho Bhai ki picchur mein 😂.
There is a big problem with private players as well. Whenever, government tried to lower taxes, they don’t pass on the benefits to consumer but just increase their margins by keeping price at the same rate.
That is exactly my point 6-7 percent gdp growth is usual, even if Vishnu avataar is not PM also India is bound to grow at the same pace. What difference did he make apart from religious polarization was a big question mark
Polarization is done by Congress. They got 99 sets because they spread lies about reservation that's it
They need a stooge in Finance ministry to work deals with their Gujrati partners. Reinstating sitaraman as finance minister is a slap on us voters, Congress voters or BJP voters, does not matter
And moreover she is not an elected leader or representative.
@@shashisharma4355Modi's choice as she does what He wants
So true
Bhai budget Sitaraman nahi banati hai , Usko IAS officer's aur finance commission of India banati hai , FM bas usko head karta hai aur Present karta hai .
@@prakhargupta1405 Credits minister ko do aur jab criticize karna ho toh bureaucracy ke upar daldo. Sahi
100% agree with AG
This is the most arrogant people in the power now. It is clear from the multiple actions. Better this government cant continue.
And then? Pay for khatakhat schemes and legal MSP ? Caught between Devil and Deep Sea. Can negotiate with the devil, though.
According to the inflation, tax slabs have not been revised,its just till 2.5 lakhs or 3 lakh that is tax free,look at the rates of onions tomato how will the middle class survive ,even banks dont value ur earnings less than 10 lakhs for a credit card
Sis there is no tax upto 7lakh 75k. Those tax slabs are applied only when annual income exceeds 7lakh 75k. I dont know why people are not understanding or they have not seen the budget. Seeing the tax slabs and coming to the conclusion of 3L being taxed is stupidity. We have internet access now but still majority of youth are acting as uneducated. There are even income tax calculators online.
@@greenocean9039 30% tax on above 15 lacs
GST - 18%
Some amount you saved and earn - in short term 20 & in long term 12.5%
Do you come under the tax bracket?
After that if there are any chances you don't have jobs next year ..will you get any support from this govt
Absolutely right, govt is hellbent on taking out the last penny from aam aadmi.People like him should be in the advisory committee..
Rational and to the point. Seedhi, simple baat ki Ashneer Sir ne.
He always talk unbiased
100% agree on LTCG, we save our hard earned money post tax, take risk & invest & then when we earn, when our investment grow, you will again tax it. Poor decision, time for a big change, this sucking attitude won’t work.
What do you mean you save your hard earned money post tax? Salary is not the only component which is taxed. Income tax act 1961 has 5 components where tax is there. House property, salary, PGBP, Capital gain and IFOS. When you add all the 5 components it is called as total income. And then you subtract deductions, TDS etc from this total income. And then tax rate is applied on the final income.
@@achyutdvivedi1123 LTCG was zero till 2018, now you have LTCG plus STT, every thing is increased. You pay if you want, I don’t agree to it.
If you don't tax LTCG then it creates income inequality. The examples of Singapore and UAE are wrong given that these countries have small populations and small areas. Anyways people like you earn profit from the country and don't wish to spend on further developments it's your choice.
@@akshaypowar8157 when we hold for LONGTERM it’s as good as we are contributing. Rather than penalising with tax, they should incentivise long term investors. We pay GST & regularly income tax, then how come we don’t contribute to the nation ?? Rather we contribute the most, by investing for longer term.
@@Inthearmsofnature09 You are contributing but not enough people are contributing that is the CRUX of the matter.
Worst FM of the century
You know a video was there where our FM was standing in a train and no one was bothered to give her a seat. Well that is exactly what happens where you ignore people's sufferings and try to squeeze as much as possible from hard working people.
Pity on people who believe in what they see on trolls!
Ashneer Grover. Not many can be open and frank like you. Ur the person I would like to be has a person to be truthful and frank irrespective what the consequences are for it 🙏
Babu IAS and govt employees to be paid based on macroeconomic factors (GDP, tax incidence rate, etc). Then things will automatically improve. Their pay should also go DOWN if there is no improvement (variable pay).
Great insights
Do you think salary matters for any of the IAS ? most of them don't even take out the salary from their bank accounts.They are at the top of the curruption pyramid.
Domestic pool of capital is something which is really important as highlighted by Ashneer.
Fair questions asked by the journalist and properly answered by Ashneer. Some real good insights as well.
Its lovely to hear Ashneer for once on such a civilized manner 😅and very well articulated
I am all up with his stance of simplification and reduction of taxes at individual and corporate level but how does he plan to mitigate loss in government revenue? There is a lot of spending the government undertakes in areas such as defence, employee salaries, pensions, education, infrastructure etc. How will all of this be financed? Yes he is saying leaving more money in the hands of individuals and corporates will boost economic activity through increased consumer spending and increased investments but to what extent? Will it be enough to cover the deficit arising from reduction in taxes? These are very pertinent questions. Ashneer needs to talk backed by numbers By simply saying economy will grow at 15% is not enough.
Brutal and honest feedback as usual from Ashneer 😊
I agree with the views of Mr A.Grower. The standardisation of tax rates is the need of the day. The 20 percent tax on income above ₹10 lakhs is worth giving a thought. The drain of younger generation to tax friendly countries for employment/stay is a fact of life & needs to be stopped with the tinkering of tax rates. Hope the FM reads & watches the interview & gives her decision a relook.Thanks Mr ASHNEER for your free views.
Dont ask Businessmen. They dont pay tax as they have wayouts.
Ask the questions to salaried person.
After looking at him I thought they invited Gautam Gambhir .. untill he spoken ‘Tax’ word and not ‘Dhoni’ I even didn’t realised 😅
Ab idhar woh credit stealer ko lane ki kya jaroorat hai
He had great ideas and motive for countries growth.
need a one on one conversation/ interview between dearest FM and Ashneer sir and Sanjay Kathuria sir.
Very well said Grover sir. Very correct analysis you have explained. I hope our FM & PMO offices kindly look into the above & should go deep into the long term growth of our great country.
i totally agree with ashneer sir ... perfect
Ashneer is absolutely right about the tax slabs. Why should a person who is earning 1cr a year pay more taxes than the person earning 10L a year? The tax slab should be the same for everyone. Each of them are obviously earning that much based on their capacity to earn. If the govt taxes the 1cr per year person more then it is conveying that if you earn more we will tax you more. What is happening is loot but unfortunately the public is yet to realize this.
FM is deaf so she won't hear anything 😅
Its not FM, its PM
@@basictalent1 both
Very good analysis, view and rationale on the budget Ashneer. You made the right point by reducing tax % will allow private sectors to create more and more jobs and boost the economy and therefore stabilize the unemployement situation in India.
Only this guy speaks truth
To make a country run in an efficient way we need educated ministers with real degrees. But, to do that the population also has to vote for the right leaders. So in the end it's the peoples fault for choosing the wrong leaders. Tax structures should be lowered and made friendlier, like Singapore. Good companies have left India for singapore and other havens. Ashneer Grovers' recommendations are perfect.
absolutely correct
I completely agree with Ashneer. Apart from the point that we have a fiscal deficit and interest payable by government which will go bankrupt if it abolishes taxes.
👍 agreed with AG with many points
Very well said Ashaneer Sir
Abolishing indexation benefit on long held property and at the same time reducing the holding period to qualify for LTCG from three year to two year will only favour the trader in real-estate. The 100 crore fraternity can make a quicker buck and pay only 12.5% tax. A person who had bought property as a means of financing a daughter's marriage finds at the end of twenty years that money ,which could have bought gold at 400 rs/gram, has vastly been shriveled by a FM in the name of simplicity. I have another doubt whether the reduction in the holding period is to favour persons wanting to make a quick exit from land holding bought two years before.
Worst govt term ...... Why did they increase it so high?
BJP was always bad in budget and this coalition govt. created more problems 😔
Most awaited speaker on budget @Ashneer grover
He's so on point. Agree!
1000% agree with him, tax is the reason why people are leaving
Very well said taxe rate should be as straight forward as he said
We still have people living below average living standards and we expect gov to provide a budget for American investors. It is given that most of the money will be spent on bringing up per capita income, infrastructure and feeding people.
India deserves this after voting Modi back to power again
Congress me sab tax free tha naa ????
@@sumitsinghrajput9096 Long term capital gain tha hi nahi cong gov mai. Indexation tha property tax mai. VAT 12.5% tha but now GST is 18%. Fiskal deficit is growing. Cong ne kya kia sunne keliye Modi gov ke vote nahi kia hai bhai.
@@saritmukherjee4347Congress to inheritance tax lane wali hai 😅😂
Tum jese log khush raho aise budget mai.
Fact is that u hate muslims that's why you like bjp.
Otherwise bjp is bullshit for india @@millennialmind9507
Itna tax tha kya? Army ka job temporary tha kya? Mehgayi itni thi kya? Rupaya itna week tha kya? Itne log unemployed the kya? Khangress ne kaam nahi kiya toh isko sadak se utha ke khangress ki jagah bithaya. Ab alsi chaukidaar Kam sahi se nahi karega toh usko badloge na, ya apna ghar bar uske naam kar doge
@@sumitsinghrajput9096
Corporates were give tax cuts but they never did investment in Job creation, they went on to just hoarding every bit they could save.
IT for Individual needs to be brought down by 50%
GST also needs to be reduced on so manh essentials that are considered luxury
This govt takes all the wrong decisions. Dimag Ghar mein chhor ke aate hain policy banane.
Chindi sarkar
18% tax on phone recharge which is an essential service is bonkers.
Very right..
And they are realizing it, what disaster they did it in 10 years. So now they are giving some focus to small enterprises
he should be finance minister.. Awesome Personality...
Just one season in shark tank and he is more famous than everyone else
People love Toxicity, beef, fights, controversies, and drama more in this country, and hence, the roasting community on the YT thrives. I mean, do you really think Carry Minati deserves to be the most subscribed TH-camr in the town, let alone Asia.
Even Dolly Chaiwala can be famous here.
Make sense too
You are 💯 % correct bro ❤
I do agree with him
People are angry over STCG and LTCG, but other reform are there. People should understand budget first before making up their mind. SD ia increased to 75k, and tax slab upto 7 lac from 6 lac for 10%. Taxation in other countries is similar as well, it is up to 42% in some countries.
Budget was more inclined toward agriculture, MSME (hense promoting self business), middle class tax slab increased to 7 lacs for 10%.
Since last 5 years these Corporations have been saving 5% of their taxes in Profits every year totaling to 25% of profits accumulated so far still they complain of Capital for creating jobs through Investment 😂😂
They failed in creating Jobs, Government must create jobs through increasing Demand which can happen only when there is Spending which can happen when people have more Income in their Hands.
Govt should stay away from doing direct business 🙃
Ashneer is also saying this. Government should tax less and spend less. Let people spend their money and perform savings.
The government collected its share from that profit as contribution to election funds.
The govt is expecting as they are cutting taxes on private sector they will create more jobs which is completely stupid. With AI and all the private sector will always try to use AI and cut jobs . Instead of that the govt could have told if you have this many jobs then some extra cut in your corporate tax
Give relaxation to corporate if they invest in Indian start up and see how many new start up grows
Love how Ashneer thinks so clearly
Nicely articulated!
to the point interview
Agree with Ashneer 👍
Great thoughts Ashneer 👏
People need to realize that the budget is not there for their benefit. But for the govt to take/squeeze people hard for more taxes and expenses
Kindly make Ashneer as FM of india.
WE WANT ASHNEER AS OUR NEXT FM
clear and candid
If you give all power to a single party, this is bound to happen.. If people keep switching governments while voting every 5 years, public will be benefited.
This is the problem. Different experts say polar opposite things on different platforms. What Ashneer is saying here is polar opposite of Sanjeev Sanyal's views who is part of PM's economic advisory council. Let two experts come together on the same show so that they can counter each other on the spot and the people will get the Truth. In this social media age, there is lot of cherrypicking in data and facts. Dhruv Rathee from Germany is the master of cherry picking.
Sanjeev Sanyal speaks the views & mindset of Modi Jee. He does understands everything in heart but speaks something else.
True yr
@@shashisharma4355 he is part of the govt as well after all following a single person is a bad thing
Why would you listen to Modi's expert? Shows how little you know about biases. Sad
Yes, very important to listen to the different experts on this complicated topic. Everyone is being angry, emotional and not looking at long term impact of policies. There is another budget in a few months.
FM now is like FM radio with frequency that citizens are not able to hear,😂📻📻
5:08 absolutely agree. Everyone should pay equal % of tax. Tax slabs create more corruption, an urge to understate income in order to save higher % of tax.
Ashneer Grover should be made FM ❤
Hamara FM kaisa ho, Ashneer Grower jaise ho, hope the PM heeds to our request.
I completely agree with Ashneer, we need to make the system simple
Ashnerr should seriously come into politics become a minister in finance ministry.only guys like him can bring a change in india. He's got the swag and hes a person with spine to be vocal on issues like this and vring the actual change
Yeah sure! That’s what Raghuram Rajan did 😂
Govt says India's tax rates are equivalent to other countries. But basic difference is Europe & USA is having a huge tax base i.e. >45% population pays taxes there. In India , only 1.6% population is paying taxes & this tax contributes to ~19% of total govt. revenue. We can say, 1.6% of population is contributing ~19% of govt revenue which is a huge pressure on the tax payers. Govt should think to relax the taxes & increase the tax base
Govt need high taxes for freebies yojana... Else how one will get votes...
You know something is wrong when ashneer starts making more sense than FM
The Carryminati of finance world he shows the real mirror
Yes everyone should know the real picture government saying. Achieving 5 trillion economy with 6-7% GDP growth is myth😂
Ashneer. Gives good perspective in hindi
exaxtly their is nothing special in the budget. More taxes more borrowing and more spending
99 percent ashneer speaks truth
No Vote to BJP in next election. From 1992 every election I voted for BJP
indian stock market stands on foreign investors and money from mutual fund and insuranse...even if all traders in india quit...market will still go bullish...that is why govt don't fear taxing indian residents..
why everyone is blaming FM? if this budget was good , then everyone would have given credit to MODI, but anything bad the mnisters tatke the blame
Uday, thanks for conducting the interview in the most professional way.
As Groverji mentioned correctly the private sector is responsible for creating jobs. Did the country and especially the opposition hear that? Through our the election campaign we heard from opposition the inability of the government to create jobs.
Unfortunately UP where BJP had the biggest loss has been the state where "my baap" of government is deeply rooted.
BJP as a party and right from its inception does not believe in big governments and wants the private industry to take the lead in job creation and so it's emphasis in startups and Mudra loans.
So it is a classic fight between socialism and capitalism.
It is the politics and not the government vision.
Taxes - Because of the "Ravidis" the BJP had to give because the government was called suit aur boot ki sarkar, the government needs the money.
So on one hand we can criticize the government for taxes be it individual or higher corporate taxes we the people of India are responsible for it. Kisan loans, money to build infrastructure, cylinders, bathrooms, free ration, free health care where does it come from?
Remember nothing is free, for someone to have it free someone has to pay for it. And as a country we should understand that.
No point creating class wars or taking capitalistic ideas of survival of the fittest.
i agree with u, keep it simple tax slaps
How can ge expect GST decision in union budget. Gst can be changed by state consensus
Ashneer needs to educate himself. GST rate is not set by MoF in the budget. It cannot be set by them
But recommendations can be made.
Ashneer Grover is bang on target. About personal Income Tax a uniform rate of 20 percent above 10 lakhs would have certainly given a huge impetus to increase purchasing power in the hands of middle class people thereby address the "Demand Side" growth in the economy which was badly needed since a long time . Adressing only the "Supply Side" growth through creation of production capacities is meanigless unless demand side growth is there. Ideal situatio is to totally abolish all " Direct taxes" and introduce "Banking Transaction tax" on a pilot project to begin with. That might be more sensible rather than repeatedly squeezing the Income Tax paying middle class which comprise only around 2 to 3 percent which is the softest target for govt. for resource mobilisation...
Why is everyone criticising just the FM Nirmala. She's just a puppet and there are many think tanks and many others involved. Modi must resign.
The only who make sense.
Abolish income tax
Nah...19% contribution hai itna asaan nahi hai isko hata dena!!
@@biswajeet9826 babu goons use it as a black mailing tool
What's the point of increasing LTCGT AND STCGT?
Ashneer , please create your own political party, we are in need of new gen, educated leaders like you.
But on ground noone will vote other than students and educated middleclass. OBC AND ST SC busy in caste voting and
The voter base of that party will be 4%
Spot on. Make the taxation system simpler. Single slabs are easier and make ITR also easy. Else CAs will keep making money.