The Union Budget 2021 has pushed the bar higher on tried and tested measures and at the same time ensured that the faith in the BFSI sector is rebuilt. While recapitalisation, for which the government allocated INR 20,000 crores, was expected, the other proposal were cautiously awaited. The plethora of changes presented amid the global pandamic and certain judicial interventions since March 2020 has put BFSI sector on the fence in terms of their list of demands.
This article was originally published in Business World on 17 February 2021 Co-written by: Veena Sivaramakrishnan, Partner; Prarthna Nanda, Associate. Click here for original article
Disclaimer
This is intended for general information purposes only. The views and opinions expressed in this article are those of the author/authors and does not necessarily reflect the views of the firm.
The Bar Council of India does not permit solicitation of work and advertising by legal practitioners and advocates. By accessing the Shardul Amarchand Mangaldas & Co. website (our website), the user acknowledges that:
Click here for important public notice from the Firm.