FM opens up on North vs South, Congress,GST, IncomeTax & India’s Economy| IBP Episode 8

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VIDEO INTRODUCTION:

Today we are joined by Ms. Nirmala Sitharaman, the Finance Minister and Minister of Corporate Affairs in India.

She has played a pivotal role in shaping India's fiscal landscape, especially during challenging times like the Covid pandemic.

In this episode of the Indian Business Podcast, she addresses critical issues such as the narrow tax base, the growing gap between the rich and the poor, and the complexities of GST distribution among states.

She provides a clear overview of the government's plans to improve the education system, boost employability, much much more!

Let us know what you think of this conversation in the comments!

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✅Study Materials:

00:00 Trailer, introduction
3:48 Importance and issues in coordination between state, centre and the panchayat to become a 7 trillion economy
9:57 Why has the land banking system not been scaled to other states?
15:56 Government leading economic growth through privatisation.
21:00 Why is our tax base low?
22:38 Importance of value for money in tax payment and government spending.
24:20 Why is there a huge gap between rich and poor?
27:00 Power tools institute and PM Vishwakarma Yojana
28:38 Addressing the issue of unemployability among engineering and management students
34:55 Challenges in quality of engineering colleges and their impact on students and parents.
37:17 Explanation of GST compensation to manufacturing states and its impact on taxation.
44:05 Discrepancy in tax distribution among states based on collections causing controversy.
50:58 Discussion on state finances, population parameters, and economic crisis in Kerala.
55:57 Utilising technology for better revenue collection in GST to trace money, prevent false claims, and unravel webs of fraud.


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