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00:00They have brought three new schemes for job creation.
00:05They have brought two schemes for employment development.
00:08They have brought one scheme for job creation in manufacturing.
00:13They have brought one scheme for support to employer.
00:17They have brought one scheme for employment linked scheme.
00:21Along with these three schemes,
00:23they have to arrange 1000 ITI's nationally for skill development.
00:28Along with these schemes,
00:29in the last 55 years,
00:31they have brought one scheme for 1 crore youth internship.
00:36What is the purpose of all these schemes?
00:39Firstly, it is for skill development.
00:42Secondly, it is for job creation.
00:46But, in this year,
00:48we are not able to see these three schemes and those two schemes being successful.
00:54Because,
00:55we have very clear surveys and statistics in front of us.
00:58In NSSO's 6th round survey,
01:01according to the report given by PLFS,
01:04the unemployment rate in India is 3.2%.
01:08But, what the Centre for Monitoring Indian Economy says is,
01:13in India, there is 9.2% unemployment rate.
01:17In July 2024, there was 7% unemployment rate.
01:21In June, it increased to 9.2%.
01:24The unemployment rate in India is increasing.
01:28According to the Centre for Monitoring Indian Economy,
01:31according to the PLFS,
01:37only 3.2% unemployment rate in India.
01:41When we see these contradictions,
01:45in the last budget,
01:46when we focused on employment generation and skill development,
01:51none of them materialized and did not come to fruition.
01:55In the last budget,
01:57even though we gave importance,
01:59we were not able to do employment generation.
02:02Employment creation did not happen in that style.
02:05This time, to reduce the unemployment rate,
02:09to do new employment generation,
02:11instead of old methods,
02:13innovative programs, new programs,
02:15what will they bring?
02:16Will it be through MSMEs?
02:18Or, will it be through strengthening the rural economy?
02:22Or, will it be through giving more importance to positions such as office holders?
02:27Or, will it be through bringing in new self-employment schemes?
02:31How to reduce the unemployment rate that is increasing,
02:36it would be good to connect it in the next budget.
02:39If it does not happen,
02:40there is a possibility that it will have a severe impact.
02:43Mr. Prasad, in the next budget,
02:45can we expect any popularization policies?
02:47Popularization policies usually do not come in the budget.
02:50Popularization policies,
02:51if they come,
02:52in the income tax,
02:53we can give a little whistleblower,
02:56but there will not be much of a concession.
02:58As everyone expects,
02:59major reforms will come,
03:00tax, slab exemption rate will be increased in a different way,
03:04it will not be good.
03:05There will not be such opportunities.
03:06Here, one thing must be observed clearly.
03:08What is the big goal of the current central government?
03:11GDP must increase.
03:12To increase GDP,
03:13a little word must be said.
03:15Incremental Capital Output Ratio,
03:17we say.
03:18We must keep an eye on that.
03:19They are definitely putting it.
03:20What is coming is,
03:21GDP must increase by 1%,
03:23how much percentage of total money we see in India,
03:26how much percentage of GDP should be invested,
03:29it is called capital expenditure.
03:30It used to be 7 times at one time.
03:33That is, if GDP must increase by 1%,
03:357% of GDP must be invested.
03:38Otherwise, there would be a wastage.
03:40After this central government came,
03:42with the help of Didubadu,
03:44the Incremental Capital Output Ratio has come to 4.
03:47What does that mean?
03:48If 4% is invested in GDP,
03:511% GDP will increase.
03:53Since it came to 5.4 the other day,
03:55if it should come to 7% by the end of the year,
03:59we should invest 28% or 30%.
04:02Now, in this budget,
04:04if we look at the recent times,
04:0634.7% of the budget,
04:09in the last year's budget,
04:1034.7% was spent by the central government for CAPEX.
04:14If that proportion should continue,
04:17all the CAPEX used till now should be deployed immediately.
04:20Everyone believes that they will do that.
04:22Even if it is not 10%,
04:24they expect it to go up to 90%.
04:27Will the household debt repayment rates decrease?
04:29If the household debt repayment rates should decrease,
04:31if the RBI report rate is reduced,
04:32the debt repayment rates will decrease.
04:33The maximum that comes in the budget is,
04:35for the debt that you pay on loans,
04:37you may give a little more in the income tax exemption,
04:40but there is no discussion about the debt repayment rates in the budget.
04:43What are the new decisions regarding EV vehicles?
04:46For EV vehicles,
04:47we have already been told by P. S. Goyal,
04:49there is no need for any new concessions.
04:51The existing concessions are enough.
04:52Even the existing concessions,
04:53there is no need to renew them,
04:55according to the manufacturers.
04:57Otherwise, you and I will be using these vehicles.