In a live interview with Quintal Rai’s editor Nishth Gautham, Economist Dr. Rathin Roy called this year’s budget “exaggerated”, saying that the government was unable to collect taxes and disinvest according to its expectations.
Discussing hits and Mrs. Union Budget 2022 This was presented by Finance Minister Nirmala Sitarman on Tuesday, February 1, said that the biggest defect was that the budget failed to plan for the future.
He said, “Stop boasting. Start acting. I want to see action and progress now,” he said.
“The government has understood the limit of its inefficiency. For the next year, the dissolution targets are very low. The tax revenue targets are minor. They have no medium-term plans. Earlier, they will give any kind of astrology, where the economy will be for the next four years. And they think they can call it a 25-year blueprint?”
Economist Dr. Rathin Roy
Why did the government cut health expenditure?
Dr. Roy made no words to explain how the budget can affect statistically The Indian economy which is facing a recession -like situation due to epidemic. He said that the government had cut NREGA funding and health expenditure, which can affect the lower economic class and middle class people.
“For the fourth time in a year, for pre -and later times, the government does not have the money to do all that he wants. Therefore, during Goi, epidemic, he borrowed a lot and decreased expenses. This year, they wanted to disintegrate, wanted to get Rs 150,000 crore, and were getting tax revenue above 8%.
The famous economist also said that the long promises made in any budget would become zero due to slow pace, in which the files went to the ministries. Even before this, she had commented that despite the rapidly growing markets, could not meet the goals of partition in the Government of India. Financial year 2020-21,
Dr. Roy criticized Indian industrialists’ habit of receiving each budget as “revolutionary”.
A day before the budget, the government’s annual economic survey said that India would take the world at 8-8.5 percent in economic development and concluded that it had a headroom to spend more.
Dr. Roy also informed that this year many measures can be seen through the lens of politics along with elections in Uttar Pradesh and four other states.
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