00:00:00
Mrs. Nirmala, middle class is crying.
00:00:02
What if they got a little help?
00:00:03
No income tax payable
00:00:05
up to income of
00:00:07
12 lakh rupees.
00:00:10
What, what, what?
00:00:10
Say it again.
00:00:11
No tax payable by them.
00:00:13
That means even if they earn 1 lakh
00:00:15
per month, there is no tax in India.
00:00:17
Middle class would have never felt so happy.
00:00:20
This is huge.
00:00:22
And such things happen in India's budget.
00:00:25
Will the tax be less next year?
00:00:27
If we pay so much tax,
00:00:28
where does the money go?
00:00:29
Tax is the theft of your money.
00:00:34
If this question comes to your mind,
00:00:36
then this video is for you.
00:00:37
Because today we will understand
00:00:39
the budget of India.
00:00:39
We will understand whether the tax burden of
00:00:41
the middle class has been reduced or increased.
00:00:43
What?
00:00:43
Budget?
00:00:44
This is not my cup of tea.
00:00:46
We belong to arts and science.
00:00:48
We have never studied accounts.
00:00:50
So how do we understand the budget?
00:00:52
There is a misconception in the country
00:00:54
that budget means big numbers.
00:00:57
But the truth is that
00:00:58
budget is a story.
00:00:59
India is a big family.
00:01:00
And how this family runs their house is
00:01:03
the story of our budget.
00:01:05
That's why in this video,
00:01:06
we will focus less on big numbers
00:01:07
and more on the story.
00:01:09
So that everyone from an 8-year-old
00:01:11
to an 80-year-old can understand
00:01:13
that how India works.
00:01:16
If you like our simplified approach,
00:01:19
then a like is required.
00:01:21
Your small click gives us the
00:01:23
courage to make more such videos.
00:01:25
Today we want to tell you about an
00:01:27
Indian startup that will
00:01:29
bring a smile on your face.
00:01:30
We are talking about the sponsor of today's
00:01:31
video, Toothsi.
00:01:33
But why are we telling you about Toothsi?
00:01:36
Before telling you this,
00:01:36
I have to tell you my personal story.
00:01:39
My own teeth were crooked.
00:01:41
To fix them, I got metal braces.
00:01:44
Because at that time,
00:01:44
there was no option of invisible aligners.
00:01:47
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00:01:49
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00:01:50
Toothsy teeth aligners.
00:01:52
Toothsi aligners claim to fix gaps and crooked
00:01:55
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00:01:58
These aligners look like this.
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So no one knows that
00:02:01
your treatment is going on.
00:02:03
These aligners slowly brings
00:02:05
your teeth to the correct position.
00:02:07
I myself went to their experience center to
00:02:09
get my free teeth scanned.
00:02:11
You can also scan at home.
00:02:13
And based on doctor consultation,
00:02:14
you can start your treatment.
00:02:15
In comparison to traditional braces,
00:02:17
invisible aligners are considered superior.
00:02:19
Because it is removable and there are no
00:02:21
issues of oral hygiene in it.
00:02:23
Toothsi has designed smiles of more than
00:02:24
3 lakh people so far.
00:02:27
There are more than 100 dentists and orthodontists
00:02:30
in their team.
00:02:31
And the aligners are US FDA cleared.
00:02:32
So if your teeth are crooked or there
00:02:34
are gaps between the teeth.
00:02:36
And you want to fix it.
00:02:38
Click on the link in the description.
00:02:40
And book a free teeth scan with Toothsi.
00:02:42
Your time is valuable.
00:02:44
And if you are interested only in numbers.
00:02:46
Then you can go to this timestamp.
00:02:48
And understand the numbers of this financial year.
00:02:50
But if you want to understand the concept.
00:02:53
Then don't skip the video.
00:02:54
6 areas were focused on in the budget.
00:02:56
Agriculture, taxation, power,
00:02:58
urban development, mining and regulation.
00:03:01
The most interesting part here is taxation
00:03:04
was left for the end.
00:03:05
But let's start with that.
00:03:07
In the new income tax scheme,
00:03:09
the new slabs will be something like this.
00:03:10
0 rupees to 4 lakh rupees, nil.
00:03:12
4 lakh to 8 lakh, 5%.
00:03:14
8 lakh to 12 lakh, 10%.
00:03:16
12 lakh to 16 lakh, 15%.
00:03:18
16 lakh to 20 lakh, 20%.
00:03:20
20 lakhs to 24 lakhs, 25%.
00:03:23
And 30% above 24 lakhs.
00:03:25
Wait, wait, wait.
00:03:26
At the start of the video,
00:03:27
I said that there is no tax
00:03:28
till 12 lakh rupees.
00:03:29
So what is the meaning
00:03:30
of these tax slabs?
00:03:31
Actually, through rebates,
00:03:34
if your normal income, i.e. your salary
00:03:36
or business profit is within 12 lakhs,
00:03:39
then you will have to pay zero tax.
00:03:40
But this will only happen
00:03:42
in the new tax regime.
00:03:43
The government wants people to leave
00:03:45
the old tax regime and
00:03:46
adopt the new tax regime.
00:03:48
India has two tax regimes.
00:03:50
One is the old tax regime.
00:03:51
Where you get deductions on
00:03:53
different expenses and incomes.
00:03:55
That is, you can reduce
00:03:57
your income and tax is imposed
00:03:58
on it according to this tax slab.
00:04:00
Then there is the new tax regime.
00:04:01
Where you do not get any
00:04:03
option to reduce income.
00:04:04
You do not get deductions.
00:04:06
But in return,
00:04:07
the tax rate is reduced.
00:04:08
Now, according to today's announcement,
00:04:10
these are the slabs of the new tax regime.
00:04:12
But Mr. Nirmala had said that
00:04:13
tax will not be imposed
00:04:14
till 12 lakh rupees.
00:04:15
Yes, that's because of rebates.
00:04:17
When you file the income tax return,
00:04:19
then the return will calculate your tax.
00:04:21
But when it comes to payment,
00:04:23
if your income is below 12 lakh rupees,
00:04:26
then your tax amount will automatically become zero.
00:04:29
This is for regular income,
00:04:31
not for capital gains income.
00:04:32
This tax that you have reduced
00:04:34
is called a rebate.
00:04:35
Rebate means a discount or a cashback.
00:04:38
But if your income is above 12 lakhs
00:04:41
and you choose the new tax regime,
00:04:42
you will have to pay all taxes
00:04:44
according to this tax slab.
00:04:45
That is, these tax slabs
00:04:46
will apply to those people
00:04:47
who earn more than 12 lakhs a year.
00:04:50
They will not get rebates.
00:04:51
And they will pay tax on their income
00:04:53
according to these tax slabs.
00:04:54
This is the chart on the
00:04:55
official website of income tax.
00:04:57
You can pause the video and read it.
00:04:59
How will India benefit
00:05:00
from reducing taxes?
00:05:02
In the beginning of the budget,
00:05:03
our finance minister talked about
00:05:04
increasing the purchasing power
00:05:06
of the middle class.
00:05:07
This will save more disposable income
00:05:10
in people's hands.
00:05:11
That is, people will be
00:05:13
able to spend more.
00:05:13
Consumption will increase,
00:05:15
business will get a boost.
00:05:17
And overall,
00:05:18
an optimistic environment will be created,
00:05:20
which will lead to GDP growth.
00:05:22
India has become an
00:05:23
economic bright spot for the world.
00:05:25
And the government's indication
00:05:27
is that these things should continue.
00:05:29
A new income tax bill is coming,
00:05:31
but next week.
00:05:32
So we will all worship
00:05:34
the same goddess for a week.
00:05:35
If you liked this simple explanation,
00:05:38
then write middle class is happy in the comments below.
00:05:40
In a budget, there is a focus on
00:05:42
only 3 things.
00:05:44
How much money is India going to earn?
00:05:46
How much money is it going to spend?
00:05:47
And what will our focus be on?
00:05:49
Income, expenses, and priorities.
00:05:53
That's it.
00:05:53
If you understand these 3 things.
00:05:55
Then you can understand India's budget.
00:05:58
It's not a complicated thing.
00:05:58
And you don't need to be an account
00:06:00
expert.
00:06:01
Trust me, I am a CA.
00:06:03
Understanding the budget is not rocket science.
00:06:06
And we should be taught this in schools.
00:06:09
Because the things happening in our family
00:06:11
and budget are very similar.
00:06:13
We believe that our country
00:06:15
is a big family.
00:06:16
And that's why every member of the family
00:06:17
should know.
00:06:18
What is happening in the country.
00:06:20
If the country is a big family.
00:06:22
Then our government is our grandfather.
00:06:25
Who takes all the decisions of the family.
00:06:26
The head of a family is selected
00:06:28
on the basis of seniority.
00:06:30
But in a democracy,
00:06:31
we choose our head through elections.
00:06:34
Just like there are different sources of income
00:06:36
for a family.
00:06:37
They have their daily expenses.
00:06:39
And every member of the family
00:06:40
has some dreams.
00:06:42
Similarly, income, expenses, and priorities
00:06:45
are for every country.
00:06:46
What are the sources of income for a
00:06:48
family?
00:06:49
Members' salaries.
00:06:50
Profit from the shop.
00:06:52
If a house is given on rent,
00:06:53
then its rent.
00:06:55
Similarly, the most amount of money for a
00:06:57
country comes as taxes.
00:06:58
In which income tax, corporate tax,
00:07:00
and GST are included.
00:07:02
Similarly, if government companies like LIC, ONGC,
00:07:04
and Coal India earn profit.
00:07:06
Then they give the share of the profit
00:07:08
to the government as a dividend.
00:07:10
So this is also the government's income.
00:07:11
Just like a family has expenses,
00:07:13
the government also has.
00:07:15
Just like you have to look after the
00:07:16
house.
00:07:17
You have to repair the broken roof.
00:07:20
Similarly, the government has to build bridges.
00:07:22
Railway tracks have to be repaired.
00:07:24
A family has to focus on
00:07:26
their children's education.
00:07:28
Similarly, the government has to invest in education.
00:07:31
IITs have to be built.
00:07:33
And some money has to be saved for
00:07:34
our dreams and our future.
00:07:37
Just like allocating money for ISRO's missions.
00:07:39
Every house has to have broadband internet.
00:07:42
That's why we have to build infrastructure, etc.
00:07:45
This is what a budget is.
00:07:47
Isn't it easy?
00:07:48
I think if we explain economics in every
00:07:49
school in the same way.
00:07:51
Then we can become better citizens.
00:07:52
What do you think?
00:07:54
Tell us in the comments.
00:07:55
Chapter 2
00:07:56
How is a budget made?
00:07:58
In the first chapter, we understood
00:07:59
what happens in a budget.
00:08:01
This process looks easy, but it is a
00:08:03
little complicated.
00:08:04
Do you know why?
00:08:05
Because a budget is an estimate.
00:08:07
That is, the budget that will be made
00:08:08
on 1 February 2025.
00:08:11
From 1 April 2025 to 31 March 2026.
00:08:14
How much will be the expenditure?
00:08:15
How much will be the income?
00:08:17
This is the estimate of these things.
00:08:18
The government has to make an educated guess
00:08:20
with the help of previous experiences and data.
00:08:23
What will be the future?
00:08:24
That's why there is not a single figure
00:08:26
in any budget document.
00:08:28
There are estimates and actuals.
00:08:30
The government tries to minimize
00:08:32
the difference between actual and estimates.
00:08:34
And this process takes 6 months.
00:08:38
The first stage is the planning stage.
00:08:40
Which started in September 2024.
00:08:42
From September, various ministries of the Union Government
00:08:45
make budgets for their departments.
00:08:47
While making the budget, they talk to trade
00:08:49
bodies, unions, and businesses.
00:08:51
To guess how the next year will be.
00:08:54
The second stage is the review stage.
00:08:57
In the month of November, in the
00:08:59
pre -budget meetings, the Department of
00:09:00
Economic Affairs meets with various ministries.
00:09:02
These estimates are evaluated by talking to economists,
00:09:05
agricultural experts, and industry leaders.
00:09:09
In the third stage, an economic survey is
00:09:11
made around December.
00:09:12
This economic survey is released on 31st January,
00:09:15
one day before the release of the budget.
00:09:18
This is a report card of last year.
00:09:20
What was the inflation in the country?
00:09:22
What is the data of unemployment?
00:09:24
What are the achievements?
00:09:25
What are the challenges?
00:09:25
You can get answers to all these questions
00:09:28
in this economic survey.
00:09:30
If you are interested, the link to the
00:09:31
economic survey is in the description below.
00:09:33
In the last stage, in January, when the
00:09:35
budget is ready, what does the government do?
00:09:38
They make Halwa.
00:09:39
Literally.
00:09:40
This is called Halwa Ceremony, which is a
00:09:42
signal for the completion of the budget.
00:09:44
And after this, all those who make the
00:09:45
budget are put in jail.
00:09:48
And I am not joking.
00:09:50
Those who were involved in making the budget,
00:09:52
they are kept in a secure location and
00:09:54
they are not allowed to talk to the
00:09:56
to talk to the media.
00:09:58
Because think, if the government is making a
00:10:00
new tender, and this thing reaches the market
00:10:02
in advance, then people will buy relevant stocks
00:10:05
beforehand.
00:10:06
And finally, every year, on the day of
00:10:07
1st February, the budget of the next financial
00:10:09
year is presented in the parliament.
00:10:11
Chapter 3.
00:10:12
The game of money.
00:10:13
The big numbers of the budget
00:10:14
are kept aside.
00:10:16
And assume that the budget of India is
00:10:18
only 100 rupees.
00:10:19
And ask two simple questions.
00:10:21
Where does 100 rupees come from?
00:10:23
And where does 100 rupees go?
00:10:25
Look at this chart.
00:10:26
If the Indian government earns 100 rupees in
00:10:29
a year, then 17 rupees comes from corporate
00:10:31
tax, 22 rupees from income tax, and 18
00:10:33
rupees from GST.
00:10:35
from non-tax receipts 9 rupees
00:10:37
4 rupees from customs,
00:10:38
5 rupees from union excise duty, 1 rupee from
00:10:41
non-debt capital receipts.
00:10:43
This big portion is left.
00:10:44
These 24 rupees.
00:10:45
What is this?
00:10:46
Hold on.
00:10:47
We will talk about these 24 rupees later.
00:10:49
Now let's see where these 100 rupees go.
00:10:51
22 rupees goes to state governments.
00:10:54
16 rupees goes to different schemes of the
00:10:56
central government.
00:10:57
8 rupees goes to centrally sponsored schemes.
00:11:00
8 rupees is spent on national security and
00:11:01
defence.
00:11:02
Finance commission gets 8 rupees.
00:11:04
Subsidies get 6 rupees.
00:11:06
Pensions get 4 rupees.
00:11:08
And the remaining expenses are 8 rupees.
00:11:11
So what is this 20 rupees?
00:11:13
This is the interest of the loan, which
00:11:14
was taken by the government in the previous
00:11:15
years.
00:11:17
For example, we had assumed that our incomes
00:11:19
and expenses are equal.
00:11:21
That is, 100 rupees each.
00:11:23
But this is not realistic.
00:11:25
Our expenses are much more than our incomes.
00:11:28
And that is why
00:11:29
we have to borrow money.
00:11:30
If the government's incomes are more than their
00:11:33
expenses, then it is a surplus budget.
00:11:35
When their incomes and expenses match, then it
00:11:38
is a balanced budget.
00:11:39
But when their expenses are much more than
00:11:41
their incomes, then it is called a deficit
00:11:44
budget.
00:11:45
India presented a surplus budget in just one
00:11:47
year after independence.
00:11:49
The rest of the budgets have been
00:11:51
deficit budgets.
00:11:52
To fill the gap between income and expenses,
00:11:54
the government issues different bonds.
00:11:57
PPF, EPF, National Saving Certificate are schemes in
00:12:00
which people like you and me invest.
00:12:03
And this is our domestic debt.
00:12:05
But why should we invest for free?
00:12:07
We have to earn interest on this, right?
00:12:10
That interest payment is seen here.
00:12:12
This is 20 rupees.
00:12:14
The largest portion of the government's income is
00:12:17
the loan.
00:12:18
And similarly, the largest portion of the expenses
00:12:21
is the loan.
00:12:22
Is this positive or negative?
00:12:24
Well, it depends on
00:12:26
what we do with this money.
00:12:28
Think about it.
00:12:28
If your family takes a personal loan and
00:12:30
goes on a foreign trip, or gets married
00:12:33
in a grand manner, and then spends the
00:12:34
rest of their life in lending loans, then
00:12:37
that is bad financial planning.
00:12:40
But if you take an education loan, or
00:12:42
take a loan to buy a house, or
00:12:43
start a new business, which will benefit you
00:12:46
in the future, then that is
00:12:48
good financial planning.
00:12:49
This principle also works for the government.
00:12:52
If we are spending money to build good
00:12:54
roads, then it's a good thing.
00:12:56
If we are investing money in such missions,
00:12:58
then it's a good thing.
00:12:59
If IITs are opening, airports are closing, then
00:13:01
this is an investment in our future.
00:13:04
But if government employees are only getting increased
00:13:06
salaries to heat seats, and loans are being
00:13:08
taken to fill the pockets of corrupt people,
00:13:11
then will this country move forward?
00:13:14
No.
00:13:15
In every budget, my focus is on one
00:13:16
figure, and that is Capital Expenditure.
00:13:20
These are the expenses that make a country
00:13:22
an asset.
00:13:22
From the past few years,
00:13:23
we can see that
00:13:24
capital expenditure is increasing.
00:13:26
This year, we will spend
00:13:27
11.21 lakh crores
00:13:29
on different infrastructure projects.
00:13:31
In 2025-2026,
00:13:32
India is going to earn
00:13:34
a total of 34.96 lakh crores.
00:13:36
And the total expenses
00:13:38
are going to be 50.65 lakh crores.
00:13:40
The difference in this is that
00:13:42
we will have to borrow 15.69 crores.
00:13:45
If you want to understand what is Capital
00:13:46
Expenditure, what is Revenue Expenditure, and what is
00:13:48
the difference between them, then do watch this
00:13:50
video of ours.
00:13:52
You will understand.
00:13:54
Chapter 4.
00:13:55
Budget of this year.
00:13:57
Our focus is on concepts, so that numbers
00:13:59
are not just figures.
00:14:01
Numbers should get some meaning.
00:14:03
Now, let's understand numbers with this knowledge.
00:14:05
Let's move on.
00:14:06
The country talked about
00:14:07
specific investment in three areas.
00:14:09
And those areas are
00:14:10
people, economy, and innovation.
00:14:13
Our finance minister called agriculture
00:14:15
an engine of growth.
00:14:16
Plans are being made to help
00:14:18
1.7 crore farmers in the country.
00:14:21
100 such districts will be identified
00:14:23
where productivity is very low.
00:14:24
And here, the focus will be on
00:14:26
crop diversification and crop storage.
00:14:28
Due to which,
00:14:29
migration from villages to cities
00:14:31
will be an option, not a necessity.
00:14:33
Makhana is a hidden gem
00:14:35
that is in demand all over the world.
00:14:37
I saw an episode on Shark Tank US
00:14:40
where the businessmen import
00:14:42
Makhana from India.
00:14:44
They add flavors to it and
00:14:45
earn lakhs of dollars.
00:14:47
Now, by focusing on Makhana,
00:14:48
FPOs will be developed in India.
00:14:50
And in this, the focus will be on Bihar.
00:14:52
I feel the need here is that
00:14:54
corruption should be in control.
00:14:55
And all the money should be
00:14:57
in making quality infrastructure.
00:14:58
MSME is also a growth engine.
00:15:00
MSME means Small and Medium Enterprises.
00:15:03
We talk every year that
00:15:05
we want to increase the contribution
00:15:06
of the manufacturing sector.
00:15:07
Manufacturing contributes only
00:15:09
15% in our country.
00:15:11
The number of which has been
00:15:13
talking about 25% for years.
00:15:14
But this number is not
00:15:16
going beyond 16-17%.
00:15:18
Skilled labor is needed for manufacturing.
00:15:21
And our labor is trying to make
00:15:23
skilled labor from unskilled labor.
00:15:25
That's why 5 skilling centers
00:15:27
are being built at the national level.
00:15:28
In our budget, 10,000 crores
00:15:30
have been set aside for startups.
00:15:32
And special loans have been provided
00:15:34
for women entrepreneurs for the first time.
00:15:36
There is another untapped potential
00:15:37
and that is footwear.
00:15:39
Which has a market potential of
00:15:40
4 lakh crores.
00:15:41
India wants to focus on our
00:15:43
Made in India toys.
00:15:44
There were talks of 50,000
00:15:46
Atal Tinkering Labs for education.
00:15:48
Where children will be encouraged
00:15:49
to experiment from school itself.
00:15:52
Gig workers, i.e.
00:15:53
your Zomato Swiggy delivery partners
00:15:55
will be included on the eShrum platform.
00:15:58
They will be given ID cards.
00:16:00
Insurance will be given under
00:16:01
PM Jan Arogya Yojana.
00:16:03
And this will help 1 crore gig workers.
00:16:06
There were talks of focusing on
00:16:07
medical tourism in the country.
00:16:09
There was another interesting point
00:16:10
in the budget speech.
00:16:11
That the Indian government is working
00:16:12
on a nuclear energy mission.
00:16:14
With an outlay of 15,000 crores.
00:16:16
The thing is, today climate change
00:16:18
is a reality.
00:16:19
And we cannot meet clean energy goals
00:16:21
without nuclear power.
00:16:23
There is no net zero without nuclear.
00:16:25
But in India, only 3% of energy
00:16:27
comes from nuclear power.
00:16:28
Under the nuclear energy mission,
00:16:30
India is going to build 5 indigenously,
00:16:31
i.e. self-developed small nuclear power plants
00:16:35
by 2033.
00:16:36
Chapter 5
00:16:36
Conclusion
00:16:37
You see, no country is perfect.
00:16:39
It has to be made perfect.
00:16:41
In this video, we understood that to do
00:16:42
different jobs for the government, to keep the
00:16:45
borders of the country safe, for development, to
00:16:48
run the post office, for ISRO's missions, money
00:16:51
is required.
00:16:52
And that's why, if we are taxpayers,
00:16:54
then we should feel proud.
00:16:57
But, today, the pain of taxpayers is that
00:17:00
even after giving taxes, basic facilities are not
00:17:04
provided.
00:17:05
There is encroachment on the footpath.
00:17:07
Corruption happens.
00:17:08
Scams happen.
00:17:10
And there is no focus on this.
00:17:12
Where is the focus?
00:17:13
On elections.
00:17:14
Someone has said it right.
00:17:16
A fine is a tax for doing wrong,
00:17:18
and a tax is a fine for doing
00:17:20
well.
00:17:21
If the government has to progress instead of
00:17:22
squeezing honest taxpayers, then what can we do?
00:17:26
Let's come back to the same family example.
00:17:29
Like we see in Bollywood, that when a
00:17:31
boy grows up, he is told to learn
00:17:32
to stand on his own feet.
00:17:35
Similarly, today, the government needs to say that
00:17:39
stand on your own feet.
00:17:41
I am not saying that income tax should
00:17:43
be completely removed.
00:17:45
But I am definitely saying that income tax
00:17:47
should be reduced.
00:17:48
And the government should increase non-tax revenue.
00:17:51
And this is also possible.
00:17:53
In this video we learn
00:17:55
that the income tax in going to reduce
00:17:56
and because of that the country will
00:17:58
suffer a revenue loss of 1lakh crore
00:18:00
this is a huge gap,
00:18:02
how will this gap fill?
00:18:03
I feel there is one thing that the
00:18:04
government, or specially the RBI can do.
00:18:07
And that is Sovereign Wealth Fund.
00:18:09
Many countries have Sovereign Wealth Fund, which has
00:18:11
only one function.
00:18:12
To grow the money of their country.
00:18:14
Think of it kind of as a mutual
00:18:16
fund, whose owner is the government, and the
00:18:17
investor is also the government.
00:18:20
Who invests in global shares, and other government
00:18:21
bonds, so that they can earn money.
00:18:25
And this investment part becomes a part of
00:18:27
the government's budget.
00:18:29
Norway's Sovereign Wealth Fund is one of the
00:18:31
largest funds in the world.
00:18:33
And as of November 2024, it was worth
00:18:36
$1.74 trillion.
00:18:38
Norway's fund is invested in 1.5%
00:18:40
of the world's companies.
00:18:43
This fund has made real estate investments in
00:18:45
New York, Tokyo, London, and many other cities.
00:18:48
Norway's Sovereign Wealth Fund is Europe's largest stock
00:18:50
owner.
00:18:51
Norway withdraws 4% from this fund every
00:18:54
year, so that its deficit can be reduced.
00:18:57
So that the country is less dependent on
00:18:59
borrowing.
00:18:59
This means that the country has to take
00:19:00
less loans, and pay less interest.
00:19:04
I found this article, which spoke about a
00:19:07
Sovereign Wealth Fund for India, but I didn't
00:19:09
get any other recent news.
00:19:10
But I feel this idea is so important.
00:19:13
India should also invest some money in the
00:19:15
world, with the sole intention to earn a
00:19:17
return.
00:19:18
This money should be used to reduce the
00:19:19
country's deficit.
00:19:22
Today, India's revenue receipts are this much, and
00:19:24
total expenses are this much.
00:19:26
So where will the rest of the money
00:19:27
come from?
00:19:28
From borrowing.
00:19:29
We pay almost 40-50% of our
00:19:31
expenses through borrowing.
00:19:33
That is, income, expenses, and money.
00:19:36
That's why the biggest part of the budget
00:19:38
every year is of interest payments.
00:19:40
Just think, if some money from this amount
00:19:41
is given to ISRO, and some more allocation
00:19:44
is given to the Ayushman Bharat Scheme, or
00:19:47
to buy defense equipment from an Indian company,
00:19:49
then how much benefit can the country get
00:19:51
from this?
00:19:52
This topic is very interesting, and this time
00:19:54
we will definitely make a dedicated video.
00:19:56
Because there are many things in this that
00:19:57
India needs to learn.
00:19:59
Okay, there is one criticism about this budget.
00:20:02
That many big projects are
00:20:04
going to start specifically in Bihar.
00:20:06
But overall, after listening to
00:20:07
the entire budget,
00:20:08
we did not know if this is India's
00:20:10
budget or Bihar's budget.
00:20:12
It would be good if Bihar develops.
00:20:14
But if these bridges are going to be
00:20:16
broken with this money,
00:20:18
then it is a waste of taxpayers' money.
00:20:20
Another criticism is that we are
00:20:22
still giving money to Bangladesh.
00:20:24
Ministry of External Affairs
00:20:26
is going to give 120 crore funding aid
00:20:28
to a hostile country
00:20:29
like Bangladesh next year.
00:20:31
I don't agree with this because
00:20:33
Bangladesh is rapidly becoming
00:20:34
a hostile neighbor.
00:20:36
At the same time,
00:20:37
we are also budgeting
00:20:38
600 crores for Maldives.
00:20:40
Which only takes our advantage.
00:20:42
But every time it goes towards China.
00:20:44
To put this in context,
00:20:46
the amount for AI in
00:20:48
education is 500 crores only.
00:20:50
So we are keeping 500 crores for AI
00:20:52
in education and giving away
00:20:54
600 crores to Maldives.
00:20:55
If you got value from this video, and
00:20:57
got something new to learn, then subscribe to
00:20:59
the channel.
00:21:00
To book your free teeth scan, don't forget
00:21:02
to click on the link given in the
00:21:04
description.
00:21:04
And make sure to check out Toothsi's website
00:21:06
for their invisible teeth aligners.
00:21:08
These aligners straighten your crooked teeth just like
00:21:10
metal braces, to give you a confident smile.
00:21:13
Today, we need educated citizens like you, who
00:21:17
ask the right questions to the government, and
00:21:20
say, Boss, I gave my money as a
00:21:22
tax, now you have to use this money
00:21:27
properly.
00:21:28
And this is the important reminder, I make
00:21:30
a difference by reaching you.
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