बजट 2024: फ़्लैट, सोना और शेयर पर बढ़ा टैक्स

Summary

In this video script, the speaker Ravi Shankar addresses the Indian budget, critiquing its impact on various social classes. He points out that while the government claims to provide tax relief, the middle class and the poor have not seen an increase in income for six years. The script discusses the tax implications on investments, real estate, and gold, suggesting that the new tax policies may not benefit the common people but rather the wealthy investors. It also touches on the reduction of corporate tax to attract foreign investment and the government's economic strategies, questioning their effectiveness and potential consequences.

Takeaways

• 😀 The speaker, Ravi Shankar, discusses the impact of tax changes in the budget, particularly how they affect common people and the government's revenue.
• 💼 Ravi Shankar humorously describes how people's pockets are being emptied from both the front and the back, suggesting that the tax news creates a sense of insecurity about personal finances.
• 📈 He questions whether the tax changes will increase the income of the people or the government, implying that there might be a trade-off between the two.
• 💼 Ravi Shankar highlights that income growth has stagnated for about six years, with wages for various workers not increasing significantly, suggesting a lack of economic progress for the common man.
• 💰 He emphasizes the demand for a minimum daily income of 400 per day across all categories, which was part of their manifesto but has not been met, indicating a gap between promises and reality.
• 🏦 Ravi Shankar criticizes that no relief has been provided to those who do not fall into the tax bracket, suggesting that the budget does not address the needs of the poor and struggling.
• 📉 He discusses the impact of the budget on the stock market, noting that the long-term capital gains tax has been increased from 10% to 12.5%, which might affect investors' decisions.
• 🏠 Ravi Shankar mentions that the budget's tax changes might affect the real estate market, particularly how it impacts those who invest in properties for investment purposes.
• 🌐 He also touches on the reduction of corporate tax rates, suggesting that while it was intended to boost corporate profits, it did not necessarily lead to job creation.
• 🤔 Ravi Shankar expresses confusion over the government's economic strategies, questioning the effectiveness of tax reductions in attracting foreign investment and making India self-reliant.
• 🏦 The speaker ends by cautioning against overly optimistic interpretations of the budget, urging people to be aware of the potential pitfalls and to read detailed analyses rather than relying on superficial reports.

Q & A

What is the main concern raised in the script about the tax policies in the budget?

The main concern raised is that while the tax policies in the budget may benefit the government's revenue, they might not necessarily increase the income of the common people. It is suggested that the focus seems to be more on increasing the government's income rather than ensuring that the common people have more money in their hands.

How has the income of the average person been affected in the past 6 years according to the script?

The script mentions that for the past 6 years, the income of the average person has remained stagnant, with no significant increase in their income and wealth.

What is the situation of the daily wage laborers as mentioned in the script?

The script states that daily wage laborers, referred to as 'dihadi mazdoors,' earn approximately 7400 per month, and the general laborers earn around 19750, indicating a low income for these workers.

What is the demand mentioned in the script regarding the minimum daily income for every category?

The script mentions a demand for a minimum daily income of 400 for every category, which is fixed at 00 per day, emphasizing the need for a fair minimum wage for laborers.

What is the criticism regarding the tax relief provided in the budget?

The criticism is that the tax relief in the budget does not provide any relief to those who pay taxes, especially the poor and struggling who may not fall within the tax bracket, and have not seen an increase in their income over the past 6 years.

How does the script describe the impact of the budget on the stock market?

The script suggests that the budget has brought a shock to the stock market, as it introduces long-term capital gains tax on all types of financial assets, which may affect both professional investors and the general public who have invested in the stock market.

What is the new long-term capital gains tax rate introduced in the budget according to the script?

The new long-term capital gains tax rate introduced in the budget is 1.25%, which is an increase from the previous rate of 10% for shares sold after one year.

How does the script comment on the government's approach to corporate tax in the budget?

The script comments that in the past, the government reduced corporate tax rates but did not receive the expected benefits in terms of job creation or increased corporate profits. It also mentions that the government did not revert the corporate tax cut despite these outcomes.

What is the script's view on the impact of the budget on the middle class?

The script suggests that the middle class, who invest in assets like gold, real estate, and the stock market, will be affected by the new tax policies, as they will have to pay a higher tax rate on capital gains, which may not have been the case previously.

What is the script's perspective on the government's approach to foreign investment and the reduction in corporate tax for foreign companies?

The script questions the logic behind reducing corporate tax for foreign companies to attract investment, especially when it is suggested that the previous efforts to attract foreign investment have not been successful, and the reduction in tax has not resulted in increased foreign investment.

How does the script summarize the overall impact of the budget on different classes of people?

The script summarizes that the budget seems to have a mixed impact, with some classes, such as investors and the middle class, facing increased tax burdens, while the government's revenue might increase. It also suggests that the budget has been presented as a relief for taxpayers, but the actual benefits for the average person's economic situation are unclear.