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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)
Karthik N
Karthik N 5 years 8 months ago
To boost the economic development in our country, first human development is necessary as human development is economic development. Then trying to increase the rupee value through good exports and low imports so that it earns our country surplus in the economy. Then to lower the primary as well as the fiscal deficit as possible and finally alliviate poverty and an increased job opportunity will automatically raise the budget of our nation
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Varun kumar Pandey
Varun kumar Pandey 5 years 8 months ago
Please start to track and report Covid cases in the people already vaccinated and rest, to not giving opportunity to cynical people to spread confusion.
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L Bhaskara Rao
L Bhaskara Rao 5 years 8 months ago
By this time the finance ministry might have learned for the way we are spending on projects without professional approach as we have already experienced through special package tricks for spendings on polavaram and Amaravati. If we don't follow professional approach in projects leaving to poletecians, then no need for a finance minister for this country. We can still become more sick and underdeveloped.
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L Bhaskara Rao
L Bhaskara Rao 5 years 8 months ago
Ministry of law may impose additional and mandatory guidelines for financial support in protecting natural resources with high importance and priorities . Provisions shall be made For ED and local bodies to get rights to execute and rights to control for these resources areas.
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Laxmi Prakash Semwal
Laxmi Prakash Semwal 5 years 8 months ago
Financial products for production, service or consumption sectors required a comprehensive approach of payback analysis at the time of sanctions and a supporting decision at the time of actual recovery.
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RAJESH MAHATO
RAJESH MAHATO 5 years 8 months ago
Financial sector is the mainstay of any economy and it contributes immensely in the mobilisation and distribution of resources. Financial sector reforms have long been viewed as significant part of the program for policy reform in developing nations. Earlier, it was thought that they were expected to increase the efficiency of resource mobilization and allocation in the real economy to generate higher rates of growth. Recently, they are also seen to be critical for macroeconomic stability.
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RituPriyaKhare
RituPriyaKhare 5 years 8 months ago
Private schools me bhi shisha ka madhyam Hindi hi hona chahiye. Private school adhiktar english medium ya Christians school hote . Bachcho ka base clear hona bahut jaroori hai.
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