Banking And Finance Sector 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.

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

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.

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

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.

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.

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

Union Budget 2021: Centre likely to hike farm credit target to about Rs 19 lakh crore

The credit target has increased consistently over time, with credit worth Rs 11.68 lakh crore being given to farmers in 2017-18, as opposed to the year’s Rs 10 lakh crore target, sources said

Union Budget 2021: Govt must redirect focus on resolving demand-side issue for economic recovery

Sunil Kumar Sinha of India Ratings warned that even if the supply-side bottlenecks get restored on account of various RBI measures it may soon run into difficulties due to the lack of adequate demand

Union Budget 2021: Nirmala Sitharaman should give special focus on financial sector to kickstart economy

It is going to be a daunting task for the government and the finance minister is expected to take some crucial steps to kickstart the economy and bring the demand back to the pre-COVID-19 levels.