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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)
Dr Pranab Kumar Verma
Dr Pranab Kumar Verma 5 years 2 months ago
My suggestions are for banks: 1.SBI ATM doesn't deliver money without confirming OTP.Why no followed in all bank ATM? This can avoid all ATM frauds. 2.It has been observed that most bank frauds n irregularities are related to private banks.Then why still there is focus on privatization of banks? My suggestions is to merge all banks into one RBI.When there is one income tax dept,why can't be only one bank . The problem of bank fraud is due to improper audit n improper method of granting loan.
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RAJEEV VERMA
RAJEEV VERMA 5 years 2 months ago
Lots of people are loosing their valuable money by just clicking on a link. Because of this a lot of people hesitate to use online payment. If one confirmation is made compulsary before finalizing payment on clicking a link, 90% of frauds can be avoided
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DINESH CHANDRA Dhyani
DINESH CHANDRA Dhyani 5 years 2 months ago
Most effected sector due to corona is marriage service providers , restaurants, hotels, tourism, primary private schools where lots of people lost their jobs and no near future remedial action at the horizon so please provide some reliefs to them
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DINESH CHANDRA Dhyani
DINESH CHANDRA Dhyani 5 years 2 months ago
Earlier Nursing and School teachers were deprived with best scales now time has come for the non teaching people working in education sector to provide good scales in the line Nursing and School teachers to recognize their efforts
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DINESH CHANDRA Dhyani
DINESH CHANDRA Dhyani 5 years 2 months ago
Forcing Compulsory lockdown on people cannot be justified it ok for initial period when nobody know how to deal with corona but when results of lockdown evident no much reduction in cases more ironically job loss and salary cut with increasing office hours from home nobody will support lockdown please devise some mechanism so that daily job routine can go smoothly with corona restriction to save people from economic crises since no govt can provide food to all for longer time without revenue
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DINESH CHANDRA Dhyani
DINESH CHANDRA Dhyani 5 years 2 months ago
Funding Covid situation requires lots of money no doubt but freezing DA of Central employees for longer time can not be justified when inflation is rising day by day that is something like ramesh earns 100 rupees five year back easily runs family with 25 rupees saving later years his earning remains constant but saving decreases to 0 now he is facing problem to run family and compromising nutrition of family member and forced to switch from three time meals to two time but on economist side OK
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DINESH CHANDRA Dhyani
DINESH CHANDRA Dhyani 5 years 2 months ago
privitisating something to get easy money requires least effort but making profit from non profit organization requires considerable efforts and appreciable task So please devise a mechanism to slow down disinvestment procedure by giving fair deals to employees to run their organization when this becomes non serious business then only proceed towards disinvestment by not more than 25 percent at a time with a year
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sujit rout
sujit rout 5 years 2 months ago
Dear Sir, Your government's agenda is very clear. But, your government is not listening to the citizens of India. Your finance minister said that she is unable to run PSBs which are serving the poorest people in the rural areas for their development. Because PSB are not generating profit for you & but PSBs need to be recapitalised in every year. You have money to give unnecessary high salary, pension & allowances to the so called MP, MLA. But you don't have money to run PSBs. Please stop this.
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ABHAY KUMAR
ABHAY KUMAR 5 years 2 months ago
The deployment of IAS officer for any post must not be just because he is senior or he is just an IAS officer. The selection of mediocres in IAS cadre itself is hurting India’s growth. The way UPSC selects IAS the same way govt must have a panel to select for a particular post, many a times a PCS officer is far better than an IAS for a particular post. Even people from private sector can be tried
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Vinay Kumar Maurya
Vinay Kumar Maurya 5 years 2 months ago
Education, Health, Social Development and agriculture must be focused on high priority. We have to make all these 4 sector better than ever. For this there must be extra budget for enhancing and relaunching new programs to develop it.
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