00:00I think the union budget, which has been presented by the Honourable Finance Minister,
00:04sets the direction right, sets the Vixit Bharat road map right. She spoke about job creation,
00:11she spoke about women empowerment and MSMEs creation, and also spoke about agriculture.
00:17I think India's growth trajectory has to be maintained. Manufacturing and agriculture
00:22have to play a key role. So I think that's a good setup that has been created. Also,
00:27she spoke about the ease of doing business, especially litigation with the tax and other
00:33authorities like TDS, which have been decriminalised to a point. So I think overall,
00:39it's a good budget, it's a growth budget. She's also removed the angel tax, which means the
00:45start-ups which have been demanding will benefit from that. How do you see the incentives for
00:52manufacturing and the skilling sector? I think both. The government has been very
01:00on manufacturing the PLA schemes that have been already put in place. This will also give a
01:05boost to that, especially electronic manufacturing in India is taking shape because India now will
01:12start even furthering the manufacturing base, which is needed. So I think it's moving in the
01:17right direction. Skill and reskilling is an extremely important job of the government and
01:22private sector to combine for the new generation and the yuva shakti to be brought into the
01:27mainstream. Sir, the union finance minister has capital gain tax. How do you react to that?
01:38I think there are some concessions in the tax which has been given. Government also has to
01:43raise the taxation from the other sources. I think some give and take has to take place in the budget.
01:50Is it adjustable? Will it be accepted by the union? It is. It's a long-term tax. So,
01:55you know, as we are seeing the stock markets where they are,
01:58they move from 10 to 12 and a half percent on a long term. This scheme will provide
02:04one month wage to all persons newly entering the workforce in all formal sectors.
02:11The direct benefit transfer of one month's salary in three installments to first-time employees,
02:24as registered in the EPFO, will be up to 15,000 rupees. The eligibility limit will be
02:33a salary of one lakh per month. The scheme is expected to benefit 210 lakh youths.
02:48Scheme B, job creation in manufacturing. This scheme will incentivise additional employment
02:58in the manufacturing sector linked to the employment of first-time employees. An incentive
03:05will be provided at specified scale directly both to the employee and the employer with respect to
03:13the EPFO contribution in the first four years of employment. The scheme is expected to benefit
03:2130 lakh youths entering employment and their employers.
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