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
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
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
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: 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.
Union Budget 2021: Govt needs to pursue disinvestment seriously next fiscal, else it may be a flop show again
Unlike 2020-21, the government cannot afford for disinvestments to be a flop-show in 2021-22 as well.