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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)
Rushikesh Ugale
Rushikesh Ugale 5 years 7 months ago
When heavy loan borrowers default on their repayment,it has huge impact on common depositors who are parking their hard earn money into the banks.Moratorium creates false image of banking sector in minds of depositors.So,try to resolve this issue for gaining trust of depositors in public sector banks.
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Rushikesh Ugale
Rushikesh Ugale 5 years 7 months ago
Collaboration of banks with Fintech will enable faster penetration of banking services in rural sector.Tier 3 cities are not been extensively occupied by banking sector so farming community relies on local money lender who offers exacerbating interest on the amount.
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Pintu kumar yadav
Pintu kumar yadav 5 years 7 months ago
Shapath certificate Lene wale ko Koi work yah job dena chahie Shapath certificate Lene wale ko sir Prime minister Narendra Modi ko Shapath certificate per Dhyan chandri karna ATI avashyak hai sir Prime Narendra Modi aur electronic Central comment ko Shapath certificate per Dhyan dena chahie aur Dhyan dijiye
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Gangadhar Rachakonda
Gangadhar Rachakonda 5 years 7 months ago
Sir I support recommendations of IBA. As because in recovery of money cases from agriculture sectors,Banks are facing lot of problems with farmers.By taking the advantages of govt.policies,they are avoiding to repay their loans to Banks.in result Banks are getting huge loss as because it is people's money for people's welfare. So to strengthen Banks in my opinion certainly impliment rules of SARFAESI act like apply in other recovery cases instead of approach to civil courts .
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IndianBanksAssociationIBA
IndianBanksAssociationIBA 5 years 7 months ago
The Department of Financial Services, Ministry of Finance organized a webinar on 26th February, 2021 to develop an action plan for implementation of the Budget proposals pertaining to Banking, Insurance and Credit linked Schemes. Some of our suggestions from Indian Banks’ Association (IBA) on this are given as below:-
mygov_161518838585783201.pdf
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Gangadhar Rachakonda
Gangadhar Rachakonda 5 years 7 months ago
Sir please.exempt service charges on digital payments up to 50,000 rupees,then automatically people will prefer their payments on different transactions through digital system and it prevents block money in our country,it will help full to boost Indian Economy and safe to people's money.
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