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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

Showing 914 Submission(s)
RAGHAVENDRA RAO PREREPA
RAGHAVENDRA RAO PREREPA 4 years 5 months ago

Sir / Madam, Banking and Financial Services sector reforms are the need of the hour. As we know, the Banking sector is badly in need of reforms to be implemented. For this, i have enclosed a short recital for quick reference. Please go through it.

Jagdish Mohanlal Dedania
Jagdish Mohanlal Dedania 4 years 5 months ago

The decision of increase limit of deposit insurance from 1 lac to 5 laces is very nice decision.

Jagdish Mohanlal Dedania
Jagdish Mohanlal Dedania 4 years 5 months ago

Decision of two PSU banks and one general insurance company to convert to private limited company is very nice decision. This decision should implemented in time schedule.

Jagdish Mohanlal Dedania
Jagdish Mohanlal Dedania 4 years 5 months ago

Strategic sales of IDBI, BPCL and Air India is very nice decision. This decision should implemented in time schedule.

PRADYUMNA KUMAR AMAT
PRADYUMNA KUMAR AMAT 4 years 5 months ago

Its Should be for the middle class people or lower section of the people.
people should be benefitted.And should also employment opportunities.Thanks sir

PRADYUMNA KUMAR AMAT
PRADYUMNA KUMAR AMAT 4 years 5 months ago

Respected sir
The budget is really good for our economy of the country.Private enterprises companies are welcomed.but all the private companies will be PPP mode .Hence govt can control other wise it will be only looking its profit only

SAMIRAN SARKAR
SAMIRAN SARKAR 4 years 5 months ago

Atma Nirbhar Bharat once implmented in all sectors will improve our economy by reducing import cost and in turn improve our GDP due to increased purchasing capacity of individuals . Few areas we should try to implementas given below : Peel off face mask , nail polish , reusable water bottle , sports water bottle , woolen blanket , yoga and pilates mat , bicycles , jigsaw puzzles , kitchen and dining room furniture, rugs to make room more cozy , cutting boards for chopping vegetables , plants .

SAPTARSHI MAHATO
SAPTARSHI MAHATO 4 years 5 months ago

is saal skill development training ke liye kya kya pravadhan kiya gaya hey, fir sey training start hoga ki nahi koi nahi janta. bohot sarey eisey students jinkey ghar ka aarthik sthiti achha nahi hey ow students issi training ke intezer mey hey ki job tak fir sey training centre open hoga.

SAPTARSHI MAHATO
SAPTARSHI MAHATO 4 years 5 months ago

is saal ka budget achha raha hey but bohot achha nahi hey because our economy scale is unbalanced. viral deases ke chaltey abhi bhi aam logon ko pareshaniyon ka samna karna pad raha hey.

GKSingh
GKSingh 4 years 5 months ago

Budget is good and progressive.The concept of privatisation of PSB is undoubtedly aimed with not to attract the money (reap the fruits) but to make the sector more competitive. Disinvestment and Privatisation is good for the economy; but the same is good only if we plant a fresh tree in todays date so as the same can also give the fruits and render shade for long time. Govt should also aim to make some new PSU in todays date. This can be visualise as a parents rears his kids.

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