Key insights

• 📉 Public outrage over budget, increased taxes, and income inequality
• 📣 Viral memes and tweets criticizing Finance Minister's policies
• 📈 Government's reasoning for increased Securities Transaction Tax
• 📊 Economic Survey's focus on unemployment, skills, and AI impact on jobs
• 🏡 Impact of reduction in LTCG tax and removal of indexation benefits on property investment
• 💰 Explanation of property tax laws, Angel Tax, and minor Income Tax changes
• 🎯 Criticism of tax changes favoring the wealthy and introduction of 5 employment & skill development schemes
• 💼 Discussion and criticism of government's budget allocation, internships, and income inequality

Q&A

• What are the major criticisms of the government's budget allocation and policies?

  The budget allocation and policies are criticized for their impact on income inequality, state funding, internships, and the perceived bias towards billionaires. The video provides detailed insights into these concerns and their implications.

• How are employment and skill development addressed in the budget?

  The government has introduced 5 schemes to support employment and skill development. The Economic Survey discusses unemployment, lack of skills, and the impact of Artificial Intelligence on jobs, aiming to address these concerns through specific initiatives.

• What is the impact of the changes in Capital Gains tax?

  The changes in Capital Gains tax are detailed in the video. The increased taxes and removal of indexation benefits on non-financial assets affect property investment, aiming to discourage speculation. However, the impact varies depending on individual circumstances.

• What tax changes have been made in the latest budget?

  The government has increased Securities Transaction Tax on Futures and Options trading, reduced LTCG tax on non-financial assets, and introduced minor changes in Income Tax. Additionally, there is a proposal to remove Angel Tax for start-ups in the new budget.

• What are the main concerns about the latest budget?

  The public is angered by the increased taxes and income inequality, leading to widespread outrage. There is also criticism of the government's focus on favoring the wealthy over the middle class.

• 00:00 The public is angry at the government for the latest budget, especially due to increased taxes and income inequality. Memes and tweets criticizing the Finance Minister went viral.
• 03:18 The government has increased Securities Transaction Tax on Futures and Options trading, citing concerns about market instability. The Economic Survey discusses unemployment, lack of skills, and the impact of Artificial Intelligence on jobs.
• 06:37 The government has reduced LTCG tax on non-financial assets from 20% to 12.5%, but removed indexation benefits, potentially impacting property investment. This move aims to discourage property speculation, but its effects depend on individual circumstances.
• 09:46 The video explains the impact of changes in property tax laws and Angel Tax. It uses an example to illustrate the implications of the new tax system and discusses concerns and benefits of the changes. Angel Tax has been proposed to be removed in the new budget, which has received approval across political parties. In addition, there were minor changes in Income Tax.
• 13:13 The recent tax changes provide a negligible benefit to the middle-class, and there is criticism regarding the tax system favoring the wealthy. The government has introduced 5 schemes to support employment and skill development.
• 16:32 The budget allocation and policies of the government, including internships, state funding, and income inequality, are discussed and criticized. The focus has shifted to Andhra Pradesh and Bihar. Income inequality is growing, and there are concerns about favoring billionaires over the middle class.