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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

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CHANDA NAGARAJU 5 years 3 months ago

Dear Modi ji Building or maintaining a solid financial ground is never the easiest thing to do, as this requires exceptional skills like the ability to calculate . Many individuals desire to have a good understanding of the processes involved in building a solid financial ground. However, this is something only specific set of people, often referred to as finance experts, can handle. t’s important for every firm to review their financial status at least once every year.

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CHANDA NAGARAJU 5 years 3 months ago

Machine learning – a complex statistics application for search of consistent patterns in data and development of required forecasts – has eased the process of a task assignment. Developers do not have any longer to build special programs for their computers to solve one task or another. Instead of this, a computer is taught to find the problem by itself, without any assistance. A real breakthrough in the world of information technologies. And, considering technical capabilities of AI, agricultur

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Laxmi Prakash Semwal 5 years 3 months ago

Financial sector needs to develop the sector specific financial products to attract more sustainable practices by young entrepreneurs as next generation businesses and investors for socioeconomic development.

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ABHAY KUMAR 5 years 3 months ago

The worst part with Mutual fund companies is that they are not clear about the GST they pay on the brokerage. GST must be paid by them in reverse charges as in the case of Lawyers. Sebi and GST department must take cognizance of this anomaly

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Srinivasan Sundarrajan 5 years 3 months ago

whatever the budgets are shows statistics of ups and downs. anyhow prices are increasing in a vertical manner but the lower class, lower middle class are sufferings . we have to shrink our basic needs. none of the government is still ready to push our life. basic amenities of hygienic water,public transport cost are the big hurdles. who will take care of us. ALMOST ALL GOVETNMENTS ARE UNNECESSARILY GIVEN CONCESSION TO CORPORATE GIANTS ONLY. FREEBIES OF GOVERMENTS IS NOT WORTHY IN THEIR PRODUCTS

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RajatGupta 5 years 3 months ago

Dear Sir/Madam, Further to my comment below, since Govt of India will not be providing any new tax break or soap it will not impact tax collections, it will also help by reducing burden on interest outgo on PPF and other long term saving instruments and will encourage people to spend more. While it will also enhance Govt tax collection on account of increased spending's and decrease in NPAs. Regards Rajat Shikhar Gupta

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RajatGupta 5 years 3 months ago

Dear Sir/Madam, I would suggest you to kindly allow people to use deductions under 80c for new vehicle purchase (replacing old polluting vehicles) and also for buying products from MSME's, even common items of home use, food items using electronic payment methods and to clear NPA loans on cars/homes etc. This scheme can be provided for couple of years. It will help in economic recovery as well bring more economic activities and people under TAX purview. Regards Rajat Shikhar Gupta

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