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.
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