No one has any doubt about the performance the government has been performing so far in the interim budget and the full budget. If only this government will bring the full budget, that is why the government has set some pointers. Like the government also claimed that it is paying maximum attention to the poor, women, youth and farmers. In the last 10 years, the government has lifted 25 crore people out of multidimensional poverty, this has also been widely publicized by the government. The government has also mentioned a lot about direct benefit transfer. Describing the farmers as Annadata, the government also said that 11.8 crore farmers have got the benefit of PM Kisan Samman nidhi Yojana. More than 4 crore farmers have benefited from the crop insurance scheme. The Finance minister did not announce any new tax or change in tax slab. This means that the government has proposed to maintain the same tax rates for direct and indirect taxes, including import duties. However, income tax payers did not get any relief from the government in this budget.
Emphasis was on these points in the budget
First, there is the nominal GDP which is your current price (ie, at present price) which is the growth of the indian economy or the total size of the economy. If we look at its growth, our economy is in a much better position than any other country. It is not that we are growing much in double digits, but if we assess the entire period, we are in a much better position. The government has highlighted that our nominal GDP is currently 10 to 12. percent and if it continues then it is quite beneficial, as soon as there is growth, the resources (humans) who are unemployed become unemployed, so overall this is the most important thing in the economy and this is what the government has also shown.
Government's public expenditure, especially capital expenditure, is an investment which will give you returns later, so that you can get services from it. The government has focused a lot on it and since 2014 when the bjp government came to power, for the first time there has been a threefold increase, almost 3 times. Meaning, if we look at the data, the capital expenditure was Rs 16.6 trillion in 2014 and it increased to cross Rs 46 trillion by last year. However, there is a problem with this that private investment crowding did not happen. As it is said, especially in a country like India, if government expenditure is increased, then private investment also enters. Apart from this, tax collection has increased, the revenue collection of the government has increased a lot. There were problems in the beginning with GST but today we are seeing its results. The collection of the government has improved. .All these things have been seen in the interim budget.
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