Who benefits from Finance Minister Nirmala Sitharaman's 'mini budget'?

India's economy is shaking in the second term of the Modi government after the demonetization deadlock, the recession has forced many factories to shut down, many companies have closed or are about to enter, leaving millions of young people unemployed. Are done The business class is still upset by the GST's blow. This is a bitter fact that is lapping the masses of people with signs of eruption soon. Former UPA government chief economist Manmohan Singh had taken steps to improve the country's economy during the last 18 months of his 10-year rule. Thanks to this, the economy is struggling to recover today, but if the present Modi government has failed to deal with economic issues, the entire country is suffering from economic collapse.




In a bid to break the sky, Finance Minister Nirmala Sita Raman has announced such big steps to boost the Indian economy that all entities from the share market to the global industry are celebrating Diwali a month ago. ۔ The rupee appreciated, with the biggest gains being made in ten years in the tune markets. Not only that, one manufacturer has tweeted that these are even bigger announcements than made in 20 years' budget. Friday became a 'feast day' for the corporate sector, when the Finance Minister reduced the income tax rate for companies by about 10 percent to 25.17 percent and the current corporate tax rate for new manufacturing companies was reduced to 17.01 percent. Announced. These decisions were celebrated in the corporate sector, but how much will it benefit ordinary people and those who pay salaries? This promotion has to hurt your mind more because the government's decisions clearly show that its heart is limited to the industrialists who may have been the egg-laying chickens in the past.

The announcement made by the government to the 'money makers' will cost the state exchequer Rs 1.45 lakh crore. Last week, the finance minister also announced a boost to exports and to relieve buyers trapped in their dust-hit housing projects. The decision is also expected to cost the government Rs 50,000 crore. The relief measures taken so far for a particular segment in the name of boosting the economy will cost the government exchequer nearly Rs 200 million. Where will the government compensate for this deficit? There is no need to explain everything. So much so that the Finance Minister presented his first budget in July, which has been left behind after the 'mini-budget' proposed on Friday. Taxes have also been deducted to push a punctured 'Make in India' car. Many times companies use different methods of tax exemption, which makes the government decide on the minimum amount to pay the tax so that companies do not have to pay the zeros tax.

When Modi took over as prime minister for a second term, he was met by a former central government secretary. During the meeting, the Prime Minister questioned the steps taken to improve the economy of the country. This bureaucrat, who holds the highest ranking position, made it clear that all suggestions and recommendations have been submitted in 2015. This was especially discussed at an important meeting of the Prime Minister's Office, but after four years, the government's policy agenda was not implemented yet, which has resulted in the country facing recession. The economy is weakening today due to the refusal of the Modi government to implement recommendations from economists and bureaucrats.

India's economy is going through a very bad period, there was talk of employment, demand was being made that people did not have money. Corporate finance has benefited from the recent Finance Minister's decision but what have people got? Where will the money come from to raise demand for them? Will the reduction in corporate tax benefit be seen as a pay rise? According to a recently published report, in the private sector in 2018-19, the lowest salaries have increased in the last ten years. The average increase in salary has been 6% and 9%. If you adjust for inflation, the pay increase is only 0.53%.

In order to increase demand, the corporate sector needs to increase the salaries of its employees but the pressure on them is also to increase investment so that new jobs can be created. It is difficult to say precisely what effect the salary will have. Will the government provide income tax relief for the common people even after deduction of corporate tax? The conclusions drawn from economists' analysis can be said that the corporate now has to show how it benefits the government and the common man. Surprisingly, the people are facing many problems at present, but no one is doing so. Perhaps such people are having more fun taking revenge on targeting the country's second-largest minority in the name of lukewarm, guerrilla, mass violence. If this is the case then it should be said that the neighbor's wall should fall, even if his mother dies.

When the people start trusting the government blindly, then the government also starts to consider the people blind and then a dark hat is overshadowed by the darkness in which darkness is not visible to the people. The present ruling power has also blindly relied on the people whose fate they have begun to suffer. In May 2014 when Narendra ModiThe Cabinet took oath it was made clear that the new government would work to stabilize the country's economy, but without reforms, the work remained incomplete. The depreciation of the rupee against the declining dollar value of the currency has shown the true state of the economy of the country. Despite this, experts directed the government to focus on improving economic affairs, but the rulers engaged in promoting religious sentiments, mass violence and hatred did not worry about the country's economy, which was followed by the Modi government. The measures taken for economic well-being have not been successful, which is being faced by the common people of the country.

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