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The UpstreamLife
Analysing 10 years of govt performance & the interim Budget 2024: Startups, tech, taxes & innovation
In this episode we bring you BCL India's partner Pavan Sharma who will talk about the interim #Budget2024. He will tell us about taxes, money, tech and the performance of the economy while we balance to support the poor and support the exuberance of a youthful nation. BCL India is an audit, compliance and financial transformation firm based in Bengaluru.
00:00 - Introduction to the episode
03:12 - What is the interim budget?
04:46 - Your taxes remain the same & availing benefits.
06:44 - Rationalising taxes to protect the poor & support business.
09:00 - High taxes versus govt services delivered, private services being expensive.
11:37 - India does not have a lot of money to play with.
12:01 - Fiscal deficit to govt debt - how India is moving to the future.
14:00 - MSME recovery and economy’s revenue and expenditure.
20:36 - The corpus of Rs 1 lakh crore for innovation & R&D
22:00 - The reason for using words like Deep Tech in the budget.
25:00 - The dilemma of running India with subsidies - good and bad.
28:00 - Individual taxes , old regime versus the new regime.
32:10 - Looking at the Prime Minister’s Yojana schemes.
33:00 - Analyzing the government’s performance in direct transfer of subsidies and managing Covid-19.
34:58 - Analysing the last ten years.
37:34 - Managing automation and technology while uplifting the poor and the salaried.
38:29 - We should manage our education better, only 40 percent of rural school kids can read.
41:15 - Why communities are important in India?
42:14 - The rise of the startup community.
44:50 - Rise in EPF payments, which means new companies are being created.
47:03 - India will grow on a smaller base with very little money to play with.
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