Budget 2018 explained in HINDI – Current Affairs 2018 – Complete analysis of Union Budget- 2018-19 - Videos

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22 COMMENTS

  1. IMPORTANT UPDATES! DO READ AFTER WATCHING
    1. 1:10 – India is at 7th currently – soon to be at 5th
    2. 15:20 – Rs1200 crore is for the ENTIRE ayushman bharat programme.Not just Health centres . These Health centres shall also provide free essential drugs and diagnostic services
    3. 30:50 – WiFi will be on all stations + trains
    4. 32:58 – BHARATNET phase 1 is over(2017). This budget was allocated for phase 2 (completion by 2019)
    5. 41:20 STANDARD DEDUCTION – the previous Medical and transport reimbursements
    worth 34200 removed so net benefit of only 5800 (40000 – 34200)
    6. 46:22 – NO CHANGE in price because Excise duty cut by 2 + 6 = Rs.8, but Road cess increased by Rs.8.

  2. There is no one “Ideal rate” for fiscal deficit. Infact there is no pressing need to have a deficit in the first place. However having a deficit is also not a huge problem, its the degree to which you have an excess or deficit which starts to indicate the gravity of the problem.

    Fiscal deficit is the excess of government expenditure over revenue collections. Now its actually not a great thing to have a deficit, if the government is able to mange its finances well, and be able to invest in social and public infrastructure within the taxes collected all the while keeping the tax levels at a reasonable level that enables and keeps the economy from being productive and growing, then thats the ideal level.

    So a “no deficit” situation is the ideal, provided the conditions I pointed out are met. But if the government is unable to meet its investment (social and public infrastucture spending) needs from the taxes collected then it will run into deficits. Deficits can be caused because of wasteful public expenditure, leakage of govt funds, or low tax collection (low tax to GDP ratio – tax evasion by the citizens) in these cases a deficit is very harmful and needs immediate remedial measures.

    A deficit caused by high public spending and large investments in capital infrastructure like roads, rails, dams, bridges, power projects, airports, shipping yards etc. is basically a good fiscal-deficit, because these investments will start participating in the productive economy by generating employment, investments, and start yielding tax incomes to the govt. for years to come.

    However, bad or good, fiscal deficit has to be financed by public borrowing and that causes issues, it mops up liquidity from the productive economy and crowds out productive borrowing from the monetary system. Also it pushes up interest rate which lowers growth of the GDP, which lowers tax collection and this becomes a downward spiral of more deficits and more borrowing by the govt.

    Ideally a no deficit situation is best (provided govt investment obligations are satisfactorily fulfilled), but if required a small deficit is fine, but a rule of thumb does not exist, I would say if the deficits are within 1–2 % of the GDP or about 15–20% of your GDP growth rate then it should be an acceptable situation. But remember deficits should be due to good causes, not the bad causes that I pointed out.

    in India and at many other places there is a legislation called the FRBM Act, – fiscal responsibility and budgetary management Act, which binds the Govt. to slowly bring down the fiscal deficit to manageable levels and slowly with higher growth and tax collections completely eliminate it

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