For people to benefit, the budget needs overhauling to create jobs; revive small businesses; address poverty and health and education deprivations. Pursuing the existing paradigm of growth may push GDP and stock markets up without improving the living standards of the vast majority
Given the strategic importance of the technology sector, it is important to ensure that the government continues to support this sector through favourable policies
Whilst Finance Minister Nirmala Sitharaman will be laying down measures to bolster the economy in Budget 2021, factors that impact the common man will certainly be on top of her agenda
Similar to the anticipation for the COVID-19 vaccination, the healthcare industry is also looking forward to an incentive booster in the upcoming Union Budget
The government should speedily release all outstanding payments or tax refunds owed to service providers in the form of pending bills. This includes GST refund dues
The Agri warehousing and Agri-NBFC sectors have a lot of expectations from the upcoming budget as the growth of these two sectors is essential for the growth of agriculture in the country
Expectations from the upcoming budget are huge in terms of giving relief to the current economy, increasing ease of doing business, and recovering from a negative GDP
Increased budgetary allocation for healthcare, ease of GST regulations, and a commitment by citizens to invest in insurance will position India's healthcare sector to take a giant step forward
Tax policies must adapt to changing times to provide buoyancy and enable companies to undertake business in a time-bound and efficient manner
Technology-enabled risk management has become indispensable to help banks mitigate the impact of the pandemic, in addition to the inherent systemic issues