Can India's New Budget Help the Poor Amid the Pandemic?

The video discusses India's budget, highlighting insufficient support for the poor and health sector. It critiques the allocation of funds to infrastructure over essential health services. The video also examines welfare programs like the public distribution system and employment guarantee act, noting their limitations. Finally, it addresses the fiscal deficit, emphasizing the need for revenue generation through taxing the wealthy.

What is the percentage of GDP that India spends on public health?

• 1%

• 5%

• 8%

• 10%

What is the primary focus of the budget increase according to the transcript?

• Preventive healthcare

• Curative healthcare

• Education

• Road Infrastructure Fund

Which program doubled the food entitlements for the Indian population during the pandemic?

• Public Distribution System

• National Rural Employment Guarantee Act

• Road Infrastructure Fund

• Prime Minister's Insurance Scheme

What is the daily wage provided under the National Rural Employment Guarantee Act?

• ₹100

• ₹150

• ₹200

• ₹250

What is the fiscal deficit percentage mentioned in the transcript?

• 9.5%

• 7.5%

• 5%

• 12%

What is a major reason for the fiscal deficit according to the transcript?

• Increased foreign investments

• High revenues and low spending

• High spending and low revenues

• Balanced spending and revenues

What has the government not considered re-imposing to address revenue generation?

• Sales tax

• Wealth tax

• Corporate tax

• Income tax