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[Music]
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[Music]
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hi everybody the Maharashtra elections
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are about to begin and let me tell you
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this isn't just an election it's an
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allout
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Battlefield on one side the BJP is
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desperate to hold on to power after a
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shocking setback in the general
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elections on the other hand the Congress
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is fighting tooth and nail just to keep
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BJP out of power and in the eye of this
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Firestorm is the Shiva which is now
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divided between akat shindai and udhav
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takre and while the media is obsessed
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over the shindai versus udhav Showdown
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they are ignoring a far bigger crisis
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that is threatening the very soul of
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Maharashtra there is a war happening but
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it is not just at the corridors of power
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it is happening in the economy of
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Maharashtra on the streets of
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Maharashtra and in the lives of crores
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of maharash and let me tell you guys the
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economy of Maharashtra is cracking under
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the weight of real issues and while the
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political parties keep handing out
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freebies worth tens of thousands of
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crores to please the voters there is a
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massive East West divide that is tearing
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Maharashtra apart while Mumbai is
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booming with the p is the rest of
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Maharashtra is struggling for jobs and
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if we don't pay attention the best
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performing state of Maharashtra will
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soon turn into a disaster like West
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Bengal so today after weeks of digging
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through maharashtra's districts its
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economy and the power play shaping its
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future we've prepared a detailed report
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to help you understand what exactly is
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the economic status of Maharashtra in
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the middle of this political Firestorm
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what are the economic viruses that are
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killing the foundation of maharashtra's
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economy how is this East West divide
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tearing mahra but and most importantly
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as residents of Maharashtra what should
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we the people of Maharashtra expect from
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the party that comes to
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power before we move on I would like to
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this exclusive training and now on with
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the
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episode Cho let's start from the basics
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and see what exactly is the real state
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of maharastra's economy to analyze
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maharashtra's economic status we first
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have to understand the most important
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parameters that determine the economic
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status of a state in this case the four
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questions that we must ask are what is
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the overall financial status of
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Maharashtra how well are they managing
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their revenue how is the government
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working towards the welfare of people
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with education and Healthcare and
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finally how much is the government
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investing in infrastructure like
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highways and airports to make it easier
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for new businesses and industries to be
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built in the state for these four
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questions as you can see on the screen
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we've joted down the most important
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economic parameters that can give us
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these answers now I know this looks
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complex but don't worry at all they are
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very very easy to understand and I will
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explain them in such a manner that even
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a 10th standard student will will
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understand so let's get started let's
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start with maharashtra's gross domestic
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product or the state GDP while India's
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GDP grew at 8.2% Maharashtra grew by
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7.6% Tamil Nadu grew by 88.2% and up
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grew by 8% so is Maharashtra growing
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well absolutely yes even on a per capita
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basis Maharashtra is well ahead with a
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per capita income of 2.7 lakh rupees
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which is greater than the national per
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capita income of 1.84 lak rupes and if
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you look at Gujarat and Tamil Nadu they
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stand at 2.7 lak rupees and 3.15 lakh
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rupees respectively and lastly if you
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look at unemployment data while
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Maharashtra and Tamil Nadu both are
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performing decently on par with national
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average Gujarat is performing
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exceptionally well this completes our
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first segment which is maharashtra's
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overview which as of now looks
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absolutely fantastic so everything looks
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fantastic right the growth is happening
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per capita GDP is high unemployment is
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ENT and the state by itself is the top
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contributor to India so you might think
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that there are no problems in
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maharashtra's economy at all right well
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that is why ladies and gentlemen there
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is a Twist and this twist lies in the
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second parameter which is revenue
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management and here's where Maharashtra
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has a big big problem called the revenue
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deficit problem with the elections
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around the corner freebies are being
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rolled out right left and Center in
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Maharashtra and the disappointing thing
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over here is is that these freebies are
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coming from the BJP which has always
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been against freebies it is a bar of
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freebies ahead of crucial
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maharash mahalak
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[Music]
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now this is not money that is BJP money
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or congress money this is money that is
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funded by the taxpayers of Maharashtra
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by You Me everyone who pays taxes in
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this country now the Press says that
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every scheme that they've announced is a
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bad freebie but we the people need to
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know that there are good freebies and
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there are bad freebies so it is very
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important for us to understand the
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difference between political propaganda
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and actual welfare look at this the
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first free is the Maji lari bahin yoga
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which is called costing the state 46,000
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crores per year this scheme provides
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eligible women with a monthly financial
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assistance of, 1500 rupees this is very
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similar to the Congress scheme of
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providing 1 lakh rupees per year to the
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women at the bottom of the pyramid
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many months later
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and this scheme is absolutely useless
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because of three reasons number one
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Direct Cash transfers do not Empower
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women they create dependency without
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building skills or opportunities number
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two 46,000 crores yearly is a huge drain
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on the budget and that could be invested
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in education healthare and job creation
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which will actually Empower women in the
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long run and lastly short-term cash
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doesn't lift families out of poverty
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only jobs do so this is a temporary fix
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which will eventually increase
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dependency and not empowerment then we
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have the youth working scheme which is
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costing the state 10,000 crores per year
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but in return it's providing job
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relevant skills through on the job
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training in both industrial and
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non-industrial setting so it is a
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freebie which will eventually create
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jobs which is a good thing for the
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economy of Maharashtra and then we have
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Anapa yoga in which they are
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Distributing free gas cylinders for 52
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lakh families again this might look bad
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on the outsite but it's actually very
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good because it prevents people from
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using kerosene and from burning firewood
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which causes a lot of internal pollution
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in fact a Chula is so bad that using a
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Chula a day is as bad as smoking 11
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cigarettes a day then we have girls free
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education scheme which is costing us
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2,000 crores a year which is again good
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because it creates jobs and empowers
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women but but but after that there is
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the pilgrimage dhan scheme where
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residents of Maharashtra aged 60 years
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and above with an annual family income
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of up to 2.5 lakh rupees are eligible to
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get facilities for a pilgrimage with the
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cost being Bor by the government itself
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and they say that this cost could be in
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the range of 30,000 rupees per person
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now from an economic standpoint it's a
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disaster because it doesn't result into
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an economic output it is not going to
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cause a dramatic shift in the lives of
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these elderly people and if it is
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costing us 30,000 rupes per person it
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will cost us thousands of crores in
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taxes so it is a terrible economic
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decision which seems like an election
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gimmick similarly there is something
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called the balaja power concession
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scheme where we're about to spend 14,760
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crores annually for 44 lakh Farmers to
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give them subsidized electricity now
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again this might sound great because
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farmers are benefiting but it is
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actually not good in the long run why
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because of three reasons number one
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paying bills won't won't make Farmers
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self-reliant it just traps them in
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dependency number two boosting income by
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subsidies is fake growth it's not real
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progress in farming and this money needs
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to be invested in technology and not
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paying electricity bills and lastly
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these 14,000 crores could be used to
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build better roads water and tools that
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can actually raise the incomes of
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farmers instead of giving them fake
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growth at the cost of the taxpayers
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money so do you realize while some
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schemes are great others are just
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pointless freebies which are more of
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election gimmicks than actual economic
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boosters in fact even maharashtra's own
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finance department has raised red flags
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for the same according to their data
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maharashtra's deficit has doubled since
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June 2024 from 1.1 lakh crores to 2 lakh
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crores and hold on it gets worse if
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Maharashtra fails to get its fiscal and
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revenue deficits under control the state
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will only have two options either they
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will have to cut back on Highway schools
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and hospitals or they will have to
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borrow more money which will drag
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Maharashtra deeper into a debt trap and
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the scary part is that this isn't just a
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future problem it's happening right now
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as we speak Maharashtra has already
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started slashing budgets across critical
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sectors like agriculture by 15% in
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healthcare by 9% and Urban Development
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by
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27% similarly 400 contractors across
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four PWD divisions are still waiting for
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500 CR rupees in payments for the works
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that were completed more than than a
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year ago and across all departments
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pending bills are close to 40,000 crores
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and recently the contractors even
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protested in 29 districts over these
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unpaid dues and in spite of this
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financial mess the freebie announcements
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just keep on coming so the question that
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we all need to ask is are we really okay
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with losing our highways and hospitals
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for cheap election stunts when did cash
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handouts become more important than a
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state's future and are we okay to let
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Reckless freebies Rob us from the real
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progress of Maharashtra think about
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[Music]
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it this is a second part of our economic
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analysis which is revenue management
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where Maharashtra is doing a terrible
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job and here's the impact of this
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mismanagement on infrastructure you see
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economists often use this ratio of capex
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to GDP ratio to determine how much the
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state is investing in infrastructure as
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a percentage of GDP so if maharashtra's
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capital expenditure is 100 crores and
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its GDP is 1 th000 crores the capex to
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GDP ratio will be 10% now look at this
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in the past 5 years Maharashtra ranked
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16 out of the 19 large states with the
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capex to gsdp ratio of just
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1.5% and this is not good news at all
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states like utar Pradesh stand at 3.8%
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Karnataka stands at 2.5% Gujarat stands
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at 1.7% and even West Bengal stands at
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1.7% whereas Maharashtra only stands at
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1.5%
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so if Maharashtra doesn't boost its
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capital Investments soon foreign direct
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investments will not come to Maharashtra
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and again the state will lose jobs and
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the state will lose money if this is
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very very clear to you let's talk about
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one of the biggest problems in
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maharashtra's growth story which is
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something called the East West divide of
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Maharashtra to tell you about it the map
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of Maharashtra can literally be split
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into two regions Western Maharashtra
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which is the economic Powerhouse and
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Eastern Maharashtra which is even today
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struggling with underdevelopment and
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poverty look at this map the map of
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Maharashtra can clearly be divided into
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two parts and you will see that in the
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west you will have very high and high
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per capita income regions and in the
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East you only have medium and low per
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capita income regions and this divide is
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so bad that while Mumbai has a per
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capita income of more than 4 lakh rupees
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garoli stands a just 1.2 lakh rupees so
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there is a three times difference in the
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per capita income and think about it 1.2
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lakh rupes per capita income comes down
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to just 10,000 rupes a month this is the
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per capita income of this region so do
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you realize a lot of people are poor in
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these regions of Maharashtra which is
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why it is deeply concerning this means
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wealth created in maharashtra's urban
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centers is not reaching the struggling
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districts and if this continues
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unchecked while the people in Mumbai
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will keep on struggling with high real
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estate cost and extreme traffic the
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people at Viba region will suffer with
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unemployment no development and no
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growth at all so it's bad for both
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regions in the long run and hold on it
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gets even worse rural Maharashtra isn't
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just lagging it's sinking deeper into
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poverty according to the economist
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surjit Bala a household of four earning
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less than 13,120 rupees per month is
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considered to be below the poverty line
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and here's the shocking truth 26% of
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maharashtra's population Falls below
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this poty line and that's even higher
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than bear where the rural stands at
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23% so this growing divide isn't just
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unfair it's dangerous a state cannot
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Thrive if one part flourishes while
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another is trapped in poverty so the
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question that we need to ask is what
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exactly is the government doing to fix
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this Gap and this is a big big problem
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because this divide directly shows its
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impact both on education and the Health
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Care system of Maharashtra let me
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explain how look at education overall
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Maharashtra has a very good gross and
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enrollment stat and the graduation
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numbers are also pretty decent but while
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the gross enrollment ratio is above 14
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regions such as Kapur p arabad amarati
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and nagpur it is lower than 15 in garoli
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yavatmal bashim bulana and latu regions
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similarly when it comes to healthcare
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the East West divide in Maharashtra
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shows up again just look at this table
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private hospitals are mostly cluttered
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in the western districts of Maharashtra
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and not so much in the East like Pune
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has 92 private hospitals nashik has 184
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hospitals and Kapur has 261 hospitals
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but on the other hand if we go east
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gondia has just one private hospital
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garoli has four and nandurbar only has
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four so do you realize this disparity is
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quite disturbing similarly if you look
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at the national average for the number
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of beds in the state it is 24 per lakh
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people but in Maharashtra there are only
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14 beds per 1 lakh people and if you
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look at other states Kerala has 22
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Gujarat has 19 and Karnataka has 33
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hospital beds per 1 lakh people so if
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you put all of this together according
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to the Niti AOG report while in
00:17:07
districts like nagpur Pune sangi and vda
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only 3 to 4% of the population is
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deprived of basic health and education
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benefits whereas in videra and marwada
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more than 10% of the population is
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classified as multi-dimensionally poor
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and in districts like nandurbar and dur
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this number skyrockets to 33% and 24%
00:17:29
and by the way guys multi-dimensional
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poity means being poor not just
00:17:32
financially but also in terms of health
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education opportunity and security so
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while the West is prospering with great
00:17:38
education great Healthcare and great
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jobs the East Maharashtra is struggling
00:17:43
to get a hospital bed they're struggling
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for education and they're struggling for
00:17:48
jobs this is the detailed overview of
00:17:50
maharashtra's performance in terms of
00:17:52
economics governance Healthcare and
00:17:55
education and by the way guys as far as
00:17:57
EO doing business is concerned we doing
00:17:58
doing a great job and there is nothing
00:18:00
to complain it's just that the
00:18:02
development that Maharashtra is
00:18:03
experiencing it needs to stretch towards
00:18:05
the east otherwise there'll be a massive
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divide between the East and the west and
00:18:10
both regions will suffer because of this
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divide so this breaks the question what
00:18:14
should we demand from the party that
00:18:16
comes to power and keep the government
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at check very simple we only need three
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things number one the government must
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spend less on freebies and more on
00:18:25
long-term economic upliftment programs
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Number Two the government to develop the
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East and decongest the western part of
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Maharashtra and lastly we desperately
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need to provide education and health
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care to the eastern part of Maharashtra
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if this is done the state will progress
00:18:40
and we will remain the top performing
00:18:42
state in the country that's all from my
00:18:43
side for today guys if you learn
00:18:45
something Val well please make sure to
00:18:46
hit the like button in order to make
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YouTu happy and for more such insightful
00:18:49
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00:18:51
please subscribe to our Channel thank
00:18:52
you so much for watching I will see you
00:18:54
in the next one bye-bye
00:18:58
[Music]
00:19:04
[Music]
