FM says stable and predictable business environment is key for government. Contracts Act will be strengthened to ensure that all contracts are honoured, says Nirmala Sitharaman
Live Updates and discussion on Union Budget 2020
Page no : 5
(Guest)
FM says businesses will need to be confident. She added that a tax-payer charter will be insttutionalised in the budget. This will help in building trust, says FM. Government will ensure that citizens need not worry about tax harassment, says FM. There is a debate on building criminal liabilites for civil acts. Companies Act will be amended to correct this, says Sitharaman.
Niyati
(Student)
(7730 Points)
Replied 01 February 2020
Operation has been permitted to increase deposit insurance coverage for deposit which is now standing at 100000 rupees.
Government will take appropriate measures to bring transparency in Public Sector Banks- FM
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
I propose to make necessary amendments to the factor regulation act 2011 this will enable NBFC to extend invoice financing to the MSMEs- FM
Niyati
(Student)
(7730 Points)
Replied 01 February 2020
Best invoice financing loans product will be launched this which will do away problem of delayed payments to MSMEs- FM
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
To reduce the liquidity constraints of NBFCs, the government formulated partial credit guarantee scheme for NBFCs- FM
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
Listing of Company in Company stock Exchanges brings discipline- FM
Niyati
(Student)
(7730 Points)
Replied 01 February 2020
The government has decided to disinvest a part of its holding in LIC- FM
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