Budget 2024: 'There is adequate for everyone, if not enough', says Ajay Dua

5 months ago

In an exclusive discussion on the Union Budget 2024, Ajay Dua, former Secretary of the Department of Industrial Policy & Promotion, shares his insights on the new fiscal proposals. According to Dua, while the budget provides substantial allocations across various sectors, it may not fully address all needs. He highlights areas where the budget falls short and discusses the potential impacts on different demographics and industries. Catch the full interview to understand his perspective on whether the budget measures are sufficient or merely adequate.

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Transcript

00:00Hello and welcome to this yet another broadcast on One India News where we are

00:06decoding the budget that has been just presented by Nirmala Sitharaman and the

00:11hopes and aspirations of 140 million Indians whether they have been dashed

00:16whether they have got the much-needed Philip or they are still waiting for

00:20better positioning for better rewards for better returns as far as the

00:26budgets are concerned we'll have to discuss that to what we have gathered so

00:30far is that the Prime Minister Narendra Modi has applauded the budget presented

00:34by Nirmala Sitharaman the Finance Minister saying that this budget

00:38factors in all sections of the society and it's a forward-looking budget as far

00:43as the Congress is concerned well they have on expected lines criticized the

00:47budget saying it's a copy paste budget it has it's a populist appeasing budget

00:51and once again Rahul Gandhi has targeted Adani and Ambani in his tweet

00:56whether it is the politics that will dominate the proceedings or will it be

01:01the victory for the common man let's discuss it with Ajay Dua former

01:05Secretary Ministry of Commerce Government of India who is there with us

01:08to discuss the matters Mr. Dua thank you so much yes which is well your your

01:12initial reactions how do you look at it not much change in the tax labs except

01:18for the new tax regime plus a lot for there for MSMEs what is your overall

01:23impression of the budget I think there is a lot for everyone it may not be

01:28adequate but the budget has tried to signal and address all the challenges

01:36facing the economy and the society currently when I say this I refer to the

01:45emphasis on farming emphasis to rural areas the emphasis in the budget going

01:55to consumption as well as and through and consumption being addressed through

02:00employment efforts at employment training three schemes being done and

02:06simultaneously not taking away the emphasis which has been on capex by the

02:14government that has continued and that has increased somewhat if some money is

02:20gone to Andhra Pradesh, Bihar and a couple of other states it is on

02:28infrastructure it is through capex it is not freebies which can be looked down

02:35upon so I would say irrespective of the fact that Bihar and Andhra have been

02:42specifically picked up and funds earmarked for it they continue to be on

02:48infrastructure which is a much stated need and the addressing the

02:55issues of Andhra Pradesh is as per the State Reorganization Act which the

03:02Parliament passes not the state governments and in that all these things

03:08have been mentioned support for the capital to capital support for backward

03:13areas have been mentioned. Polavaram may be a separate thing altogether.

Budget 2024: 'There is adequate for everyone, if not enough', says Ajay Dua | Watch

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