ARTICLE · 01 FEBRUARY 2021

Budget Wishlist 2021

Nexdigm Private Limited

Explore more from Nexdigm Private Limited

After the pandemic ravaged the globe in 2020, the economy plummeted as global businesses suffered due to gaps in the supply chain and social distancing norms that suspended trade...

IndiaFinance and Banking

Nexdigm Private Limited

Author LinkedIn connections

Rebuilding the economy

After the pandemic ravaged the globe in 2020, the economy plummeted as global businesses suffered due to gaps in the supply chain and social distancing norms that suspended trade for a while. India had to bear the brunt of COVID-19 as many small businesses were shut, large conglomerates suffered heavy losses and taxpayers were flummoxed as these unprecedented events unfolded.
While the government introduced stimulus packages to induce relief to the suffering masses, the Union Budget 2021 will be marked as one of the monumental steps in rebuilding the economy disrupted by the pandemic. Our experts have compiled few pointers that capture certain industry aspects and sector-specific norms that government may consider taking action in the Union Budget 2021.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Related Articles

Banking & Finance Updates October 2026

IndiaFinance and Banking

King, Stubb & Kasiva

Blended Finance Comes To GIFT City: How IFSCA’s Senior And Junior Unit Framework Reshapes Venture Capital Schemes And Restricted Schemes

IndiaFinance and Banking

IFSCA (Fund Management) (Second Amendment) Regulations, 2026 – Pursuant To 29th IFSCA Authority Meeting

IndiaFinance and Banking

RBI Reduces Time Period For Realisation Of Export Proceeds And Empowers AD Banks

IndiaFinance and Banking

Framework For Differential Distribution In Venture Capital Schemes And Restricted Schemes To Facilitate Blended Finance And Other Fund Structures

IndiaFinance and Banking

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Capital Markets

Comparative Guide

Lending & Secured Finance

Comparative Guide

Acquisition Finance

Comparative Guide

Securitisation

See more popular content from

Finance and Banking

Demystifying Net Owned Fund (NOF) Requirement For NBFCs In India

Every Non-Banking Finance Company ("NBFC") is required to have a Net Owned Fund ("NOF") as prescribed by the Reserve Bank of India ("RBI") from time to time to commence the business of a Non-Banking...

IndiaFinance and Banking

Banking & Finance Updates September 2026

In August 2026, the Reserve Bank of India (RBI) released the draft Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026, proposing a comprehensive framework for the way regulated entities determine and apply interest rates on loans. While the Indian banking sector has long operated under a patchwork of institution specific instructions, the draft Directions seek to bring much-needed consistency to interest rate regulation across banks, cooperative banks, regional rural banks (RRBs), all-India financial institutions and NBFCs. If finalised in their present form, the Directions will come into effect from 1 April 2027.

IndiaFinance and Banking

King, Stubb & Kasiva

A Guide To Insider Trading Laws In India!

In the world of finance, the term insider trading often evokes images of shady deals and hidden agendas. But what exactly is insider trading? Why is it illegal, and how do laws in India seek to prevent it? Let's dive into this intriguing subject, simplifying the complexities surrounding insider trading laws in India, while exploring the impact of these laws on the financial markets and their role in maintaining fairness.

IndiaFinance and Banking

MZM Legal, Advocates & Legal Consultants

RBI Relaxes Registration Requirements For NBFCs

The Reserve Bank of India has introduced a new classification system for Non-Banking Financial Companies, fundamentally changing registration requirements based on public funding access, customer interface, and asset size thresholds. These regulatory changes create distinct compliance pathways for different NBFC categories while introducing new rules for group entities and overseas investments.

IndiaFinance and Banking

RBI Trade Regulations 2026: Key Reforms In Payment Timelines, Realisation & Reporting

The Reserve Bank of India has introduced sweeping reforms to cross-border trade regulations through the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, fundamentally reshaping payment timelines, reporting requirements, and compliance frameworks for businesses engaged in international transactions.

IndiaFinance and Banking

Lakshmikumaran & Sridharan

Can A Legal Heir Claim An FD Without Being Named As A Nominee? Here's A Guide

When a fixed deposit (FD) holder dies without naming a nominee, families often assume the money is stuck or lost in legal complexity. Indian banking rules allow legal heirs to claim such deposits, provided they submit the right documents and follow the due process. Understanding this distinction is crucial, especially as a large number of deposits remain unclaimed each year due to a lack of awareness.

IndiaFinance and Banking

Foresight Law Offices

Supreme Court Clarifies Applicability Of SARFAESI Remedies For A Secured Creditor Who Acquires An NPA From A Non-notified NBFC

In Kotak Mahindra Bank Limited v Trupti Sanjay Mehta and Others, 2026 INSC 943 (Kotak Mahindra), the Hon’ble Supreme Court of India considered whether a bank as defined under Section 2(1)(c) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) could invoke the provisions of the SARFAESI Act to recover a secured debt acquired from an entity which was not covered under the ambit of the SARFAESI Act at the time of disbursement of the loan.

IndiaFinance and Banking

Maharashtra Introduces A Dedicated Stamp Duty Regime For Bank And Financial Guarantees

The Maharashtra Stamp (Fourth Amendment) Act, 2026 introduces a new dedicated stamp duty framework for financial and bank guarantees in Schedule I of the Maharashtra Stamp Act, 1958. This amendment establishes differentiated duty rates based on guarantee value and type, addressing long-standing ambiguities in how such instruments were previously taxed under generic security bond provisions. The reform has significant implications for banks, NBFCs, and entities dealing with government contracts, though quest

IndiaFinance and Banking

Received A DRT / Sarfaesi Notice? A Borrower’s And Guarantor’s Guide To Response Timelines And Defences

The Debts Recovery Tribunal, also known as DRT, follows certain rules which relate to the time limits mentioned in the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act or the Act). These limits are not merely procedural requirements and instead are factors which influence the right of the borrower or guarantor depending on the stage of recovery proceedings in question.

IndiaFinance and Banking

Maheshwari & Co. Advocates & Legal Consultants

How To Open A Company Bank Account In India For A Newly Registered Business

Starting a business involves several important steps after incorporation, and one of the first operational requirements is to Open Company Bank Account in India. A dedicated business bank account allows a company...

IndiaFinance and Banking

Mansukhlal Hiralal & Company