New Delhi: Finance Minister Nirmala Sitharaman presented her first Budget in the Parliament on Friday. The Modi government has tried to give something to every region in this first budget of its second term.
Learn what is for the Finance sector in this Budget
Let's know what is special for the finance sector in this budget:
- Non-performing assets of commercial banks reduced
- 70,000 crore rupees for recapitalisation of banks
- To return the regulation authority over housing finance sector from the National Housing Board to the RBI
- RBI's regulation over NBFCs will be strengthened
- New series of coins to be available for public use shortly
- Enhanced target of Rs 1,05,000 crore for disinvestment during FY20 and will continue with disinvestment of PSUs in the non-financial space
- India's sovereign debt to GDP is amongst the lowest in the world
READ: Live Updates: Finance Minister presents Union Budget 2019
