"Our Economy is in Deep Crisis": Kapil Sibal's Pointed Speech on Union Budget in Rajya Sabha

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Published 2024-07-26
Kapil Sibal, an independent Rajya Sabha member from Uttar Pradesh, criticized the budget for failing to focus on pulling the country out of its economic morass. He said there are no roadmaps for progress on multiple fronts, such as jobs.

"Every budget is, ultimately, a political statement," Sibal said. "And the fact of the matter is that you are strapped. Unless you get two people on board, your government will not survive, so your allocations should be tailor-made to the demands of these people," he added, noting there is nothing wrong with that.

"Who is addressing the issue of jobs that will be lost due to AI?" he asked. "This country needs minds to look at issues, not politics," he said, emphasizing that the nation comes first.

Sibal also highlighted the need to revitalize and restructure the education system to incorporate more skills-based education.

Sibal mentioned that the 15th Finance Commission recommended that 41% of the Centre’s funds go to the states, but they are now receiving only 32%. He also pointed out that the government cannot keep track of spending in sectors like education and health from the
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All Comments (21)
  • No one In BJP Like Kapil Sibal Only Rowdys and jokers are in BJP.
  • Excellent 👍👍 presentation.May the ruling party awake and listen to Mr.Sibal Sahib.Thanks.
  • Even the Speaker fears and respects Kapil Sibbal 🔥🫡...
  • @kenei5
    Sir Kapil Sibal is a gem and amazing leader. Beautifully presented the serious issue of unemployment in India.
  • What a amazing subject talking Mr.Kapil Sibal, thank you very much for Congress party giving such a wonderful personality
  • Sibal ji what a great leader you are salutes to you🙏💕🙏💕🙏💕🙏💕
  • I do agree with Each words of Mr. Sibbal. We need a visionary leadership like him.
  • What more can we expect from a country ruled by a prime minister who doesn’t know the basics of economics? As actor Prakash Raj said: At least the success of the tea shop was enough. Last 10 years have just passed under the cover of Dr. Manmohan Singh’s economic strategy😒
  • @Nik-mx3fm
    Wowww.......Someone actually spoke about R&D (Research & Development) in the Rajyasabha, Which is the Backbone of any Economically Prosperous Country -- Thank you Sibbal Sir
  • @MdSSadar
    Waowwwwww That's the whole structure has been explained by Mr. Kapil Sibbal... How to grow as a big country... Too good...... Superbbbbbbbbbb
  • this is the way MP's should present their points rather than shouting and making political statements maximum time allocated to them. He showed his experience and knowledge in his speech.
  • @tulipbaba
    The speaker has my respect for being generous with time. Kapil ji had some truth to share. ❤️🙌
  • @natokangz
    That's when learned gem & true visionary leader speaks. If modi acquire atleast 1% of sibal sir knowledge than the country will transform greatly.
  • @MM-mq2ts
    Special grants should been given to unemployed youths of the country to set up their own businesses, this will help the country for economic development, reduce the unemployment rate. Why only Bihar and Andhra..,.
  • He has covered important aspects in his own lucid style and pleasant speech
  • @vineetohol
    And its due to great men like Mr Kapil Sibal saab that you understand core issues of our country, that easy, giving just 16 mins of your time.
  • @sanjayraut82
    Excellent speech by Mr. Kapil Sibal.👋👋👋