Banking Sector
The banking sector looks forward to relaxed norms on non-performing assets to mitigate pandemic-induced challenges. The finance sector expects the budget to address cybersecurity measures, given the rise in digital transactions. I anticipate special provisions for real estate investment trusts (REITs) to make them more attractive to investors.
Finance Sector
My expectation is a reduction in corporate tax rates to bolster the banking sector's profitability. I hope for incentives in the budget aimed at promoting sustainable and green building practices in real estate. The finance sector eagerly anticipates reforms in regulatory frameworks to encourage more foreign investment.
Akshat Khetan, Founder, AU Corporate and Legal Advisory Services Limited (AUCL)