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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#nirmalasitharaman #financeminister #indianbusinesspodcast

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[keshavnambiar]

The big leaps Ganesh has taken over the past few months with the podcast is very inspiring congrats brother

[AayushShastri]

This man is single handedly raising standard of government interviews in India. So informative.

[neeleswaran]

This is stuff that should be shown on National Television and explained to the citizens in local languages. The key takeaway I always find lacking in any media channel is that politics and governance are two separate things. No one ever questions about how your going to bring about the change you said you would. Thank you Ganesh! You're doing the job so called 'journalists' should be doing

[rapo_RR]

Really she is like the principal of our old college days, those examples are at par,
Especially the north vs south GST collective divisions explained with Kochin, Bengaluru, and Chennai were eye-opening for me, even though I am from the south, till these many days I thought somewhere centre is neglecting some high-paying states and distributing only to backward states, now with this example I came to know, I have to correct my perceptive or thought process regarding this matter.

Thanks, Ganesh for this wonderful interview.

[ranjitntu]

This is how an interview should be done! Critical yet staying unbiased, tough questions but non-interrupting and polite yet being factual

[Phoenix-ilhc]

I am following this channel for almost 3 years, really surprised that Ganesh was able to get our current finance minister. People arguing whether its biased or not, I am just happy for his success and growth. I got a lot of information from this channel and also learnt a lot and I hope it grows more.

[drishtisarkar]

As a CA Student, my understanding increased a lot!
Think School amazing job.
Great Insights!

[ghoshdipan]

This should be what influencers are meant for. Sit with the ministers for an open debate and question them about the problems that the country is currently facing.
Loved this brother ❤

[THIAGARAJAN]

A perfect example of how an interview has to be conducted....Mr.Ganesh was so well prepared to ask proper well researched questions. He was open to seek clarification whenever he couldn't comprehend what FM said.
Madam Nirmala Seethramanji was very calm composed n very crisp n clear with her answers. She explained her point of view in a simple way. My salute and respects to both of them.🫡👏

[sandeepsrinivas]

3:06 - Start
3:49 - State/Centre/Panchayat coordination to become $7 trn economy
7:10 - Example of this coordination
9:57 - Gujarat vs other states Ease of doing business
15:19 - Privatization
18:48 - UPA's Retrospective Taxation
20:59 - Why less Income Tax payers
24:18 - Income inequality
28:38 - Unqualified Engineers
34:56 - Restrict Engineering Colleges in India
37:16 - GST in Consumer vs Producer states
44:24 - GST divide in North vs South
51:24 - Kerala Economic Crisis and GST divide
55:57 - FM Nirmal ji phenomenal job on GST, Tax collection
57:42 - AI Spiderweb Example
59:41 - 2029 Vision

[HavishG]

This was one of the best podcast i ever saw. Like genuinely talking to the government leaders is making the system more transparent. There were endless false arguments like North vs South, labour employment and she answered them so well.

Genuinely a great job Ganesh

[Rohan.Chawda]

man she is quite sharp. thats what quality information is when host and the guest is both educated rather than asking questions controversy questions he purely asked question based on stats and report. hats off.. great podcast...

[raghuvamsi]

Damn, she is answering on proper criticism and acknowledging the problems and valid arguments of Critics

[adityatulshibagwale]

This was an amazing interview!! While studying GST as an CA student I always used to wonder why the hell there is a limit on how much a transport truck can travel in a day?! It was brilliantly answered in last example.

[rishiktiwari]

This has to be the finest interview with GoI on the internet that touches really core issues and plight of common citizen. Really amazing to see how well FM knows the root and technicalities of the subject.
Kudos to Ganesh!

[cching-okonyak]

I don't know what kind of strings you had to pull get the FM to your podcast sir. You are truly a gem. Please keep it up.

[supermanftw]

Mam might seem a little strict, but the knowledge and success she holds, particularly in her profession, are something that cannot be described in words. The way she handled and answered every single question, explaining in such a simplistic manner that even those listening could understand, makes me believe in this government more. This government surely has ministers who know how to work and grow the largest economy in the world. Proud to have such ministers amongst us. Thank you, Ganesh, and thank you, mam, for such an insightful interview. Just a suggestion, questions can be improved to encompass the entire economy rather than targeting specific sectors.

[BhromonBhomra]

Good interview, much better than our national media.

[gauravdubey]

great podcast no senseless question 100% unbiased, Social media has painted a amature picture of finance minister but she knows her stuff pretty well overall 10/10 podcast proud of being Think school subscriber since 2020

[gksable]

Very candid, clear, tough, questions.. Most of her answers were "Beating around the bush" Or " Blaming others"..Obviously She is not used to such questions from common public ..Good Job Ganesh..