GOVERNMENT OF INDIA
English language

Home | MyGov

Accessibility
Accessibility Tools
Color Adjustment
Text Size
Navigation Adjustment
Screen Reader iconScreen Reader
Menus
Sticky Menu

Share your ideas for Implementation of Budget Initiatives for the Financial Sector

Start Date :
Feb 25, 2021
Last Date :
Mar 31, 2021
23:45 PM IST (GMT +5.30 Hrs)
Submission Closed

The Hon’ble Prime Minister Shri Narendra Modi will address the webinar on effective implementation of the Union Budget provisions in the Financial sector on 26th February 2021. ...

The Hon’ble Prime Minister Shri Narendra Modi will address the webinar on effective implementation of the Union Budget provisions in the Financial sector on 26th February 2021.

The key announcements in the Union Budget related to Financial Sector are as follows and we seek ideas and suggestions from the public and other stakeholders on the same:

• Fiscal deficit stands at 9.5% of the GDP; estimated to be 6.8% in 2021-22
• Proposal to allow States to raise borrowings up to 4% of GSDP this year
• A Unified Securities Market Code to be created, consolidating provisions of the Sebi Act, Depositories Act, and two other laws
• Proposal to increase FDI limit from 49% to 74%
• An asset reconstruction company will be set up to take over stressed loans
• Deposit insurance increased from Rs 1 lakh to Rs 5 lakh for bank depositors
• Proposal to decriminalise Limited Liability Partnership Act of 2008
• Two PSU bank and one general insurance firm to be disinvested this year
• An IPO of LIC to debut this fiscal
• Strategic sale of BPCL, IDBI Bank, Air India to be completed

Last date of submission will be 31st March 2021

Reset
Showing 914 Submission(s)
ARUN KUMAR GUPTA
ARUN KUMAR GUPTA 5 years 3 months ago
For large investment in infrastructure projects, government has to arrange money. Long term infrastructure bonds have to be reintroduced. The people will be able to invest money for building the nation while deriving tax benefits. Government would get the money in one go even before start of projects. It would be better option than tolls on highways or increasing indirect tax rates. It woul be win-win situation for both public, and government.
Dislike (2)
Reply
Report Spam
Comments (2)
Dr Jaya Kumar
Dr Jaya Kumar 5 years 3 months ago
Respected Sir Sharing one of my article which was published in a leading newspaper. It is about budgeting. But the simplicity of the article is that we all individuals should know the art of budgeting and saving ourselves where we can help Government and several policies and programs. Sir it is our duties and responsibilities to help government. I wish and hope that if everyone is saving and valuing money we all can become a great contributor in strengthening economy of our country. Jai Hind
mygov_161590627148482531
Dislike (0)
Reply
Report Spam
Comments (2)
AVNEET KAUR
AVNEET KAUR 5 years 3 months ago
The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers. This sector comprises a broad range of industries including banks, investment companies, insurance companies, and real estate firms. KEY TAKEAWAYS The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers.
Dislike (0)
Reply
Report Spam
Comments (2)
grk sharma
grk sharma 5 years 3 months ago
Hon. PM sir, As my knowledge we are going Fast moving track decisions in all Sectors. Those make not possible easy way..We have to go with Constructive way in all sectors with clear and calculated method. Then we will get results also positive.Any implementation of new idea or new policy which is results good or bad. This will count to our Govt. activity. Every Ministry is responsible for their each activity. If some policies are may success. Some policies may failure End result will be on BJP
Dislike (1)
Reply
Report Spam
Comments (1)
Bittu Kaangar
Bittu Kaangar 5 years 3 months ago
बिजली विभाग के अदरं सरकार जो दावे करती है कि सरकार ने महीने मे अगर 150 युनिट बिजली लगेगी तो यूनिट का दाम कम लगेगा। लेकिन बिजली विभाग कि मिली भगत के कारण यह सभवं नही हो पा रहा है। मैने विडियो का लिकं अटैच किया है। कृपया विडियो को देखकर बिजली विभाग का भ्रष्टाचार बदं करने कि कृपा करे। धन्यवाद। https://www.facebook.com/100003764532617/posts/2066440306824767/
Dislike (1)
Reply
Report Spam
Hiren Joshi
Hiren Joshi 5 years 3 months ago
Sir, Are you aware that new provision in budget about PF & NPS are against the natural law of justice? As per the current proposal government wants to collect tax from the interest earned by the employees' contribution invested in market over and above the tax collected from contribution paid to them by the employers. In my opinion, since we do not have social security system in our country why should the government discourage anyone from contributing higher amount towards his retirement funds.
mygov_1615829623381295.pdf
mygov_1615829726381295.pdf
Dislike (1)
Reply
Report Spam
Comments (1)
CHANDA NAGARAJU
CHANDA NAGARAJU 5 years 3 months ago
Dear Modi ji Financial services are probably the largest industry sector under the sky. This is an industry that doesn’t demand a specific educational background in most case. Recent technology upgradations and increasing internet accessibility have changed the potential of the financial services industry. In the recent era, online lending, money transfer, and credit ratings, FinTech companies are breaking the dominance of financial services’ largest players in novel ways.
Dislike (1)
Reply
Report Spam
Comments (1)
Sticky Menu