Budget 2021 would be unprecedented in many ways, as the government would have to focus on providing stimulus packages to revive the economy, while also identifying other avenues of revenue to bridge the widening fiscal deficit
Since the education sector in India continues to be a strategic priority for the government, it has already allowed 100% FDI in the education sector through the automatic route since 2002
In the backdrop of farmers' protest, countries like India have a huge lesson to learn from the US. Socio-economic vulnerabilities of the people should be addressed expeditiously without leaving a chance for trouble makers to tap such uncertainties for their personal benefits
Misdirected stimulus that relies heavily on liquidity infusion when demand is depressed and incentivising loan defaults by routinely writing off NPAs threaten financial stability and economic recovery
The Union Budget 2021 should reflect concrete and enthused government efforts to boost both consumption and demand for an overall push to the economy
The solution is to deepen India's bond markets to free the NBFCs from excessive dependence on banks, and make the occasional failures (IL&FS, DHFL) less traumatic for the banking system
The pandemic-led crisis has accelerated an overdue transition to digitalisation in business processes and enhanced efforts to address slow-burning issues such as liquidity management, cash, diversification, and capital
All eyes are on the budget as the government walks a tightrope of balancing growth and fiscal concerns. Effective implementation of the proposed budget will be key
First advance estimates of national income highlight three key imperatives to revive growth: generate demand and investment cycles by directly spending more and reverse import substitution
The digital innovation India has made so far is here to stay. It needs adoption into commercial application to deepen the financial inclusion net