Thread by @_maadhyam_

Discussion on #pricerise starts in #LokSabha with Manish Tewari, INC speaking:
- In last 8 yrs, 5 economic values (savings, investment, production, consumption, employment) have degraded
- 23 crore have slid back into poverty
- 77% of country's wealth concentrated in 1% people

Tewari on #PriceRise:
- 100-166 billionaires in country, but poor people suffering
- started due to BJP's #demonetization
- then #GST imposition made MSMEs suffer, still not recovered
- 10.6 lakh crore money outstanding in this sector
- 8& #unemployment in 2022
#MonsoonSession

Tewari on #PriceRise:
- #MNREGA was called 'gaddha khodne wali scheme' by NDA, now keeping families alive
- Instead of filling money in common peoples pockets, in 2014-2022 4.32 lakh crore concession given to businesses
- Why imposing #GST on cremation sites? How is this justice?

Nishikant Dubey, BJP speaks on #PriceRise in #LoKSabha:
- whole world suffering, everywhere #inflation rising, but in India we are prospering
- #farmers suicides rates fallen
- In 2011 also LPG prices were high
- Oil bonds were imposed, UPA real corporate sarkaar
#MonsoonSession

Dubey on #PriceRise:
- Food price #MSP committee formed. We are committed to doubling farmers income
- Post covid- 1% decline in wheat production, 5% rice production fallen, sugar prod fallen, due to #ukraine crisis. Have we started the war?
- 80 crore people being fed for free

Dubey on #PriceRise:
- due to freebies Indias economy compromised, #inflation rising, banks are faltering, economy is also on the down low
- Even we want votes but we dont give freebies
- Why asking us for #blackmoney records. Show your own.
- Fiscal deficit also high coz of UPA.

Dr. Kakoli Ghosh Dastidar, AITC on #PriceRise:
- lack of LPGs in villages where they use traditional chulhas, will we eat raw food? (brings out a raw vegetable, bites into it)
- 4 times price hike so far, Rs.1100 an impossible price for poor people, Reduce price immediately

Dastidar on #PriceRise:
- Excise revenue from #petrol, #diesel increased from from 1720 to 3343 billion since 2014
- States not getting its shares
- anti-federalism attitude
- Wholesale price of #urea & #fertilizers also up
- Tax levied on equipment used by specially abled people

Dastidar concludes on #PriceRise:
- Pay attention on economic situation not on advertisments
- Retail inflation 7%, above RBI tolerance level of 6
- Why #GST on hospital beds?
- Cooking oil price hike
- 'Mehengai ki wajah se janta ka jeena haraam ho gaya'
#MonsoonSession

Kaushalendra Kumar, JD(U) on #PriceRise:
- we have electricity water in villages under NDA, UPA couldn't do
- no scams under NDA, we are corruption free under PM Modi
- living conditions of people improved nation wide
#MonsoonSession #SansadWatch

Sangeeta Azad, BSP on #PriceRise:
- #farmers suffering from price rise most, income halved expenses increased 3 times
- SC, ST, OBC students have had to stop education
- Rupee depreciated
- Dialysis GST pacemaker GST lenses, eye treatment GST cancer treatment GST all increased

Nama Nageswara Rao, TRS on #PriceRise:
- wheat rice price increase because Central Govt not procuring excess produce from Telangana
- India's farmers feed world not central govt
- You have taken multiple loans but not fixed anything, only sold these assets to the highest bidder

Pinaki Misra, BJD on #PriceRise:
-15.9 lakh crore was rupees in circulation, idea was to make india cashless. How is cash 30 lakh crores now?
- Even if people hoarded coz of covid, figures make no sense
- How are mountains of cash we see on TV in UP or WB are escaping tax system?

Misra on #PriceRise:
- 39 times petrol price hike in 2021-22, 76 times in 2020-21
- Delivery boys have to pay a lot of money for oil, affects their income
- Pls do not heed advice of bureaucrats, have tunnel vision
- Indians leaving India's citizenship, why are they leaving?

Supriya Sule, NCP on #PriceRise in #LokSabha:
- Except for god & cows you have put GST on everything
- In GST Council, the MVA Govt of Maharashtra officially requested not to increase GST
- Why should poor person be grateful to PM for giving him 2 square meal? It's your duty.

Sule on #PriceRise:
- NDA overprinted money, more cash in circulation, leading to #inflation
- need to pay to take own money out of bank
- Why is cess taken on #health, #education, not reaching poor people
- promise of green energy, solar energy taxed at 18%!
#MonsoonSession

Bharat Ram Margani YSRCP on #PriceRise in #LokSabha:
- Discscussion should have happened much earlier
- losses to GDp from #covid will take 2013-35 to stabilize, what measures to be taken by Govt
- unpredictable monsoons led to inflatio
- Focus on alt sources of fuel
#SansadWatch

Kalyan Banerjee, AITC on #PriceRise in #LokSabha:
- Russia Ukraine war used as an alibi
- country facing stagnation
- prices of staple vegetables rising
- Govt & Opposition will keep citing number, poor people will suffer
#MonsoonSession #SansadWatch

Jaydev Galla TDP on #PriceRise in #LokSabha:
- small & big businesses, all suffering
- solution is to bring petrol diesel under GST
- inflation is taxation without legislation
- floods in every part of country worsening situation
- Market intervention will help stabilize prices

ET Mohd Basheer IUML on #PriceRise in #LokSabha:
- GDP unemployment inflation fiscal deficit domestic currency value BoP & level of inequality/poverty- main benchmarks of efficacy of govt in economy. NDA scored badly on these benchmarks.
- Peace imp for progress- govt spoiling it

Jayant Sinha BJP on #PriceRise in #LokSabha:
- Fastest growing economy despite these setbacks
- Growing prices problem globally
- We are less than europe in inflation rates
- Cites growing GST collection
- GST to GDP ratio 6.9%
- That shows the progress of economy
#MonsoonSession

Hasnain Masoodi, JKNC on #PriceRise in #LokSabha:
- #Demonitization #GST implementation began centralization of our country
- many #JammuKashmir workers are underemployed, underpaid, they feel pinch of inflation.
- You defended farm laws but then rescinded it
- Do same with GST

Harsimrat Kaur, SAD on #PriceRise in #LokSabha:
- Govt is patting its own back, but people suffering, Govt denying that there is price rise
- Implement Swaminathan Committee report, C2+50% is what was promised
- MSP Committee has people who are pro farm laws
#MonsoonSession

Asaduddin Owaisi, AIMIM on #PriceRise in #LokSabha:
- people's income halved, expenses doubled
- Anganwadi workers, frontline workers but income only 4k per month. How will they lead meaningful lives with such low income?
- inflation is corruption
- no difference in UPA NDA

Owaisi on #PriceRise:
- 1.45 lakh crores wrote off as bad loans of big defaulters, NPA is scam
- "gareebon ke chirag ko gul kar diya,
daulat mandon ki hawa mein izaafa kar diya"
- only 50 BJP MPs in house, don't care about price rise
- poor people disappointed by Govt

NK Premachandran, RSP on #PriceRise in #LokSabha:
- utter confusion among customers trader state central govt on #GST, 5% GST on food grains contributed to inflation
- Finance Minister Kerala held press conference- central govt responsible, state never supported 5% GST on grains

Adhir Ranjan Chowdhury, INC on #PriceRise in #LokSabha:
- as opposed to govt's promise of doubling farmers income, agricultural income declined
- rural wage growth declining
- prices of pharmaceutical drugs including essentials like paracetamol increased
#MonsoonSession

Adhir continues on #PriceRise:
- burden of corporate tax passed on to customer
- govt chest thumping on rising export, but rising trade deficit, depreciation of rupee, imports costlier, people feel pinch
- Compares low inflation in Australia Canada Japan China with high in India

Adhir continues on #PriceRise:
- we need to find a way out, but we cant if Govt keeps denying anything wrong
- "hum do humare do ki sarkaar"
- bottom 50% holds 13% resources in India
- how is this inequality possible without support of Govt!
- what corrective action?

Finance Minister Nirmala Sitharaman responds to a 4.5+ hours long debate on #PriceRise in #LokSabha:
- pandemic affected everyone
- still we are fastest growing coz of steps taken by Govt, RBI
- we are much better than most countries
Some MPs intervene, barbs traded across floor!

Sitharaman on #PriceRise:
- Zero chances of India going into recession, no stagflation
- in India NPAs of scheduled commercial banks has hit 6 year low in 2022
- GST collection rising, economy getting more robust
- infrastructure, core sector grew
- have managed to hold inflation

Sitharaman on #PriceRise:
- Raghuram ranjan said RBI has done good job in increasing forex reserves, insulating India from problems faced in neighbouring countries.
- RBI increased interest rates to contain inflation
- Food inflation is coming down & will decrease in India.

Sitharaman on #PriceRise:
- quotes specific measures taken to correct prices of different commodities like masoor, soybean oil, palm oil, coal etc.
- 38 lakh metric tonnes of free food grain provided to 7.58 crore beneficiaries every month
- Economy of Bangladesh, Sri Lanka poor

Sitharaman on #PriceRise:
- During #Covid, Atmanirbhar package was announced, Govt was suggested to print more money, give cash in hands of people
- now saying why so much cash in circulation
- but data different
2018-19- cash in circulation 22% of GDP (as per RBI balance sheet)

Sitharaman continues on #PriceRise:
2019-20- cash in circulation 27% of GDP
2020-21 - 29%
2021-22 - 26%
(so it increased before now decreasing)
Compared it to US, EU which had a higher % of cash in circulation
We handled responsibly, targeted money distribution
#MonsoonSession

Sitharaman continues on #PriceRise:
- MSMEs helped during pandemic, saved from being slipping into NPAs
- GST helping businesses
- developmental expenditure incurred by Modi Govt since 2014 is 90.9 lakh crore
- 24.8 lakh crore on food, fertilizer, fuel subsidy
#MonsoonSession

Sitharaman on #PriceRise:
- a child wrote to PM on #GST on pencil, but no change on GST on pencil, child wrote coz trusts PM will listen
- FM then responds to some MPs in Tamil
Also lashes out at some MPs while speaking in Tamil, as they intervene & question what she said

Sitharaman on #PriceRise:
- All GST council suggestions are unanimously decided upon, 2/3rds voting state govt, 1/3rd central govt
- voting didn't happen, decision happened through consensus, but no one said no
- GST only on branded packed food, grains but not otherwise

Sitharaman on #PriceRise:
- no GST on crematorium, burial, mortuary, funeral
- raw material used in building crematorium will be under GST
- No GST on hospital beds only tax on hospital room rent, not ICU. That also if room rent is above 5000.
- GST Compensation extended to 2026.

Finally the 6+ hour discussion on #PriceRise concludes

House adjourned for the day!

#MonsoonSession #SansadWatch