Bhupesh Baghel addresses Times Network India Economic Conclave 2023

Bhupesh Baghel addresses Times Network India Economic Conclave 2023

Bhagel expressed concern about GST rules being biased against producing states.


Mumbai: India’s premium broadcast network, Times Network, is hosting edition 9 of its annual signature event, India Economic Conclave (IEC) scheduled on 1 & 2 June 2023 at Taj Palace, New Delhi. A distinguished global platform, India Economic Conclave has been instrumental in shaping a national discourse on the country’s economic growth. Driving the theme, “India: The Emerging Third Superpower", IEC 2023 will lead critical conversations with eminent policymakers, global visionaries, and iconic leaders from India Inc on India's growth as a leading global superpower.

Speaking at Times Network India Economic Conclave 2023, Chhattisgarh chief minister Bhupesh Baghel emphasised the importance of providing maximum minimum support price (MSP) to farmers, highlighting that the marketing federation and state government play a significant role in guaranteeing loans and purchasing agricultural produce. Specifically, the marketing federation has purchased rice/paddy worth 22,000 crores from farmers, with the state government providing the guarantee. The interest on the loans taken from banks is covered by the marketing federation, ultimately supported by the state government.

Regarding GST compensation, Bhagel expressed concern about the existing GST rules, which he believes are biased against producing states. He mentioned that consumer states benefit more from GST as they receive a higher share of the revenue. He highlighted the need for compensation, as discussed by the Indian government for a period of five years. However, he expressed disappointment with the central government's lack of action on this matter, indicating a perceived lack of willingness to provide assistance.

When discussing the issue of conducting a caste census for other backward classes (OBC), Bhagel emphasised the need for data-driven decision-making. He mentioned that after 75 years of independence, there are still castes within SC, ST, OBC, EWS, and even the upper class that has been left behind. Bhagel argued that without accurate data, it is challenging to develop effective schemes and policies to address these disparities, hence the importance of conducting a caste census. producing 30 lakh tons of bitumen domestically."