<p><em>By Rajeev Yadav</em></p>.<p>Reforms on GST rationalization, streamlining of KYC norms to expand Financial Inclusion, special sops for agriculture and allied industries, land reforms, micro-housing development, and rural town development will be a welcome move. A push for work-intensive industries such as construction, housing, roads, and irrigation will help trigger the investment-consumption cycle.</p>.<p>Measures towards enhancing rural household income will help in placing money in the hands of the consumer. Expenditure under PM-KISAN and NREGA can help boost rural incomes and consumption.</p>.<p>We expect the budget to provide the eagerly awaited tax relief through changes in personal income tax for middle-income households in order to perk up the consumption.</p>.<p>A push from the Government towards disinvestment will, in a way, help restore confidence in the banking sector.</p>.<p>Initiatives to incentivize and boost digitalization, recognition of e-KYC and e-Signature can go a long way in boosting financial inclusion and enhancing productivity and efficiency. Therefore, a renewed push for digitalization leading to an increase in efficiency and accessibility of services would be aid the cause of the holistic economic development of the nation.</p>.<p><em>(The writer is MD&CEO, Fincare Small Finance Bank)</em></p>
<p><em>By Rajeev Yadav</em></p>.<p>Reforms on GST rationalization, streamlining of KYC norms to expand Financial Inclusion, special sops for agriculture and allied industries, land reforms, micro-housing development, and rural town development will be a welcome move. A push for work-intensive industries such as construction, housing, roads, and irrigation will help trigger the investment-consumption cycle.</p>.<p>Measures towards enhancing rural household income will help in placing money in the hands of the consumer. Expenditure under PM-KISAN and NREGA can help boost rural incomes and consumption.</p>.<p>We expect the budget to provide the eagerly awaited tax relief through changes in personal income tax for middle-income households in order to perk up the consumption.</p>.<p>A push from the Government towards disinvestment will, in a way, help restore confidence in the banking sector.</p>.<p>Initiatives to incentivize and boost digitalization, recognition of e-KYC and e-Signature can go a long way in boosting financial inclusion and enhancing productivity and efficiency. Therefore, a renewed push for digitalization leading to an increase in efficiency and accessibility of services would be aid the cause of the holistic economic development of the nation.</p>.<p><em>(The writer is MD&CEO, Fincare Small Finance Bank)</em></p>
