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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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Showing 914 Submission(s)
raja thangiahh
raja thangiahh 5 years 7 months ago
many expenses are happening unknowingly.for a simple thing we spend more money .it should be take care and want to control it. for example for a new buisness want to invest needed Money. some investors putting the whole money and then they are suffering.
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mahesh biyani
mahesh biyani 5 years 7 months ago
Bank is the custodian of public money ? where r the rules , transparency , controls. People talk of NPA in hushed whispers. Not one public data available ? Have you ever seen any Nirav, Mallaya , anil ambani in jail and on street ! even after failing to pay thousand crores they live like king ? & here ordinary folk comes on street to honor his debt ! banks shame students for missing their education loan instalment ? Gandy marji gandy rule - tughlaq collegium u can't name/shame gandys & cronies !
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Baskara Rassou
Baskara Rassou 5 years 7 months ago
Tax Payer paying their tax within stipulated period, Govt may sanction for relief. At the end of the financial year govt. may issue the certificate. That certificate may utilize in the special entrance pilgrimage
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VISHNUNARAYAN A
VISHNUNARAYAN A 5 years 7 months ago
Looking forward to see less private company participation in government controlled sectors including insurance, administration,... as the safety standards are seen to be lowered. Banks should provide fixed deposit interests to people according to their financial status only like more interest percentage and add on benefits to weaker sections than the rich.
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mahesh biyani
mahesh biyani 5 years 7 months ago
Will govt ever look inward ! Reduce Cost , revenue leakages, ! Not seen 1 attempt population alone controlled will mean no additional public school/hospital required ? Productive population with same tax new facilities can get built. This is how pvt sector working since ages ! Here govt increases Tax 20x to punish, loot torture honest hindus to fund ayyashi of kaamchor nikamma babus ! UK/US Min wage $1.5k/month same>75 years.How did they manage it ?1$ from1 Rs to 75 Rs lesson learnt by RBI?
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mahesh biyani
mahesh biyani 5 years 8 months ago
>75 years Not 1 IIT/IIM best of India ever stated the blunt truth ! The taxes hiked to 100 % Bank interest 3x for commanding heights of anpadh gawar babus , bankers gunda MP/MLas ? worse than Jiziya Tax ! Everything controlled by states even now . Look at petrol & every lection the whole of media fooling with mehangai inflation the self created hype 4 to loot honest Hindus to get DA, Paycommissions & pension 4life. Name 1 industry who fleeced customer ( Citizen )! shameless ruthless state
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AchalPandey
AchalPandey 5 years 8 months ago
Of course, this budget is very good, it has been made keeping in mind every common man and every business sector, but as far as I think that due to the way the private sector is being promoted so much, the employment problem according to that situation It remains the same and there is still a lot of improvement in the field of education. Because every person has great hope from this government and system. And most importantly, the government needs to take a slightly softer approach towards ou.
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Rajiv Jain
Rajiv Jain 5 years 8 months ago
Thanks for the Finance minister for the budget allocation of funds in this covid time . We must try our best to start new setup either it is small or medium Business set up have the potential to give employment opportunities for 2 to 10 person s. Taking the knowledge from ealders for setup new business opportunities ,must help in saving money & time
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PUNEET KHURANA
PUNEET KHURANA 5 years 8 months ago
Rigid forecasts and budgets aren't very useful. Things change as the year progresses, and you need to be able to factor in those changes and how they will affect your business. Continuing to base decisions on the best guesses made months prior can lead to faulty and costly decisions. In addition, holding employees to metrics based on out-of-date information is counterproductive and frustrating. Building flexibility into your budgeting and forecasting will allow for more accuracy & better results
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