Banking and finance sector Budget 2021
This sector has an important role in reinvigorating the sagging economy. The Budget speech of the Finance Minister will contain roadmap for the reforms in the sector. The upcoming Budget would also provide direction to the consolidation journey in the public sector banking space, started last year by effecting first three-way merger. The Union budget for 2019-20 is likely to spell out roadmap for banking reforms, including consolidation of the state-owned lenders, with a view to enable the sector to play a pivotal role in pushing India towards $5 trillion economy. The maiden three-way amalgamation is the first step in the consolidation of the public sector banking industry, recommended in 1991 by the Narasimham Committee report. Through this merger, the government has created an institution of global scale and size, thereby providing significant benefit to all stakeholders.
Showing of 0 - 10 from 16 results
Banking And Finance Sector 2021 - Total results - 16
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Feb 03, 2021
Union Budget 2021: Allocation of Rs 1,500 cr to boost digital payments will take fintech sector a higher notch
Recognising fintech as an industry would have been much sweeter but overall, it is a 360-degree growth for the fintech sector -
Feb 03, 2021
Union Budget 2021: Banks should not escape cost incurred by system due to bad loans
The key to the efficient functioning of a bad bank is that it should never be looked at as a funding institution where bad loans are routinely transferred -
Feb 01, 2021
This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
The best part of Union Budget 2021, however, is that Nirmala Sitharaman resisted the temptation to slap more cess, surcharges on the taxpaying citizens and refrained from imposing a ‘wealth tax’ to raise revenue. -
Feb 01, 2021
Union Budget 2021: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support
Hospitality and Tourism roughly account for 10 percent of India's GDP and employ nearly 9 percent of India's working population and yet, it failed to find space in the Union Budget, FHRAI vice-president Gurbaxish Singh Kohli said -
Feb 01, 2021
Union Budget 2021: Nirmala Sitharaman aims to raise resources without raising taxes; a bold step
From a consumer and healthcare perspective, Union Budget 2021 has a lot of positives. On the healthcare side, COVID-19 pandemic had brought to light India's underspend in healthcare. Budget 2021 has done well by allocating over Rs 2 trillion holistically towards the health sector, a handsome increase of 137 percent. -
Feb 01, 2021
Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Finance Minister Nirmala Sitharaman on Monday delivered her third Budget speech in the Parliament. Here's the full text of her speech in Lok Sabha -
Feb 01, 2021
CEA asks govt to end forbearance window for borrowers, pitches for setup of 'bad bank' to deal with NPAs
A bad bank is a financial institution that takes over bad assets of lenders and undertakes resolution. Lenders have been making a case for a bad bank to ease pressure of bad loans in these difficult times -
Jan 31, 2021
Union Budget 2021: Allow fintechs access to liquidity by creating fund within PSU, say experts
Statistics still reflect that across the majority of business sectors cash remains king. -
Jan 31, 2021
Union Budget 2021: Govt should consider light touch regulatory regime to attract global lenders in IFSC
On the tax front, it is important to make it easy for both the lessor and lessee to avoid tax leakage. -
Jan 30, 2021
Union Budget 2021: Detaching banks from attachments under economic offences laws is need of the hour
When the mortgaged property is attached for alleged violation of these laws, the banks become the unintended victims of crime exposing them to the perils of irrecoverable loans
