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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)
shyam boxey
shyam boxey 5 years 2 months ago
Sir,it is very very difficult for retired person to live on interest.pl allow to withdraw CPF amt 5 times after retirement as rate of interest is very poor and retired person kept CPF fund for atleast 5 years.
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Naveen R
Naveen R 5 years 2 months ago
The government should incentivize young investors below the age of 25 by exempting them from the taxes in the share market even though they make short-term investments since they are in the learning stage and direct Sebi and exchanges to give some discounts on the charges levied by them. This will increase the market participation of the young generation. I wish exchanges could provide direct market access which will help retail investors to save brokerage and allow public to buy Gsec directly.
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SINGH RAJESH
SINGH RAJESH 5 years 3 months ago
SIR, YOU ARE TELLING MINIMUM GOVERMENT AND MAXIMUM GOVERNANCE THIS IS ALSO APPLICALE TO MARKET ALSO IF THERE IS TOO MUSH GOVERNMENT INTERVENTION THEN INVESTOR WILL NOT INVEST THERE IS UNCERTAINTITY AND RISK INVOLVED AND PROFIT IS REWARD FOR RISK AND UNCERATINTY BEARING. THERE IS RISK THEORY OF PROFIT.
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SINGH RAJESH
SINGH RAJESH 5 years 3 months ago
SIR, LET THE RECOVERY WILL BE DONE, PEOPLE HAVE MONEY IN THERE HAND THEY WILL BUY THE SHARES WE CAN ALSO ISSUE DEBENTURE IT MAY BE COVERTIBALE-NON COVERTIBALE, SECURED-NON SECURED, CUMULATIVE OR NON CULULATIVE WE HAVE TO HAVE MIXTURE OF EQUITY, PREFERNCE, DEBETURE AND EVEN GOVERNMENT CAN HOLD THERE STAKE IN SOME AMOUNT BUT TIME IS NOT RIGHT THERE IS THREE TIME AIR INDIA SALE IS AFFECTED BECAUSE IN MARKET LIQUIDITY IS NOT THERE WE CAN SALE 10% IN INSTALMENTS WE CAN ASSESS THE MARKET FOR DEMAND.
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SINGH RAJESH
SINGH RAJESH 5 years 3 months ago
SIR, SIMILARY IT IS ALSO APPLICABLE FOR LIC IF YOU THINK THAT INESVTMENT RECIEVED THROUGH FORGIEN PAYERS IS GOOD BUT THE QUESTION IS WILL IPO IS CONSUMED I DO NOT THINK SO IF YES IPO ISSUED AND SUBCRIBED BY INVESTOR IS THERE IS AN EFFICIENCY IN EMPLOYEES OF LIC AND OTHER SECTORS LIKE BPCL, IDBI BANK AND AIR INDIA TO DO JSUTICE WITH THE INVESTOR. I AM NOT OPPOSING GOVERNMENT POLICY POEPLE ARE UNHEALTHY DUE TO COVID-19 AND VACCENATION IS GOING ON THIS HAS TO BE CONSIDER.
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SINGH RAJESH
SINGH RAJESH 5 years 3 months ago
SIR, THE STRATEGIC SALE OF BPCL IDBI BANK & AIR INDIA MUST BE WHEN THERE IS LIQUIDITY IN THE MARKET IT MEANS PEOPLE HAVE MONEY TO BUY THE SHARES WHEN THERE PURCHASING POWER IS RAISED & WE HAVE TO DO IN INSTALLMENTS WE CAN INVITE FORGIEN INVESTMENT ALSO BUT THE QUESTION IS? INVESTOR INVEST IN THIS THREE MOJOR COMPNAIES WE HAVE TO GO FOR DISINVESTMENT UNDER COVID-19 SCENARIO WORLD IS FACING FINANCIAL CRISIS AS WELL AS HEALTH DISASTER WE HAVE TO WAIT FOR SOME TIME IF ANYONE WANT TO INVEST IS GOOD.
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Jagdish Mohanlal Dedania
Jagdish Mohanlal Dedania 5 years 3 months ago
Nationalised banks do not grant loans to purchase of shop. Actually, Shop loan is very secured loan just like housing loan. Government and RBI should instruct all the banks to grant Shop loan to needy people on the same line of housing loan. It will boost our economy. Happiness index of our nation will improve some extent. Banks safe and secured loan will increase. Small business man will create asset of shop. His credit worthiness will improve. He can save expenditure of monthly rent.
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Jagdish Mohanlal Dedania
Jagdish Mohanlal Dedania 5 years 3 months ago
Some times farmers need money for marriage ceremony or medical treatment of their family members. But Banks not to lend to the farmers for such purpose. Government and RBI should instruct all the banks to grant personal loan to farmers. There should condition that farmers should have obtained crop loan from the bank and his agriculture land should be mortgage to the bank. Banks should grant maximum 25 percent of the land value of the farmer. The repayment period should be 7 years.
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chandan kumar singh
chandan kumar singh 5 years 3 months ago
मेरे विचार से बैंकों का निजीकरण ना करके विलय कर देना चाहिए क्योंकि जो आर्थिक व्यवस्था देश में है उसको बहुत बड़ा नुकसान होगा लोगों का बैंकिंग व्यवस्था के प्रति तटस्था हो जाएगी सरकार का दायित्व है वह इन आर्थिक व्यवस्थाओं की रक्षा करें विलय उपरांत सरकार आम जनता तथा कर्मचारी की रक्षा सुनिश्चित होगी तथा लोगों का सरकार पर विश्वास बढ़ेगा नहीं तो साहूकारिता की ओर भारत अग्रसर होगा निजी करण से बैंकिंग सुविधा महंगी हो जाएंगी और सरकार का जनता पर अपना कंट्रोल कम हो जाएगा इसलिए सरकार बैंकों का विलय करना चाहि
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