Indian Banks, both private and public sector, aren’t lending to small businesses and individuals as they used to do in the past.
Indian government is seriously considering the idea of creating a ‘Bad Bank’ in order to resolve Indian banking sector’s NPA crisis.
Clearly, this was a ‘make or break’ Budget for the government with most sectors (including real estate) seeking concessions to boost consumption and investments.
Union Budget 2020 has offered simpler direct tax option for individual tax payers and the government has reduced the tax rate.
Union Budget 2020 has led to steep decline in Indian stock market as market participants were expecting relief from LTCG tax and some other sops.
Indian government has taken a major step towards helping the economy with reduction in corporate tax rate.
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