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  • Top News Bharti Gupta Ramola

    Bharti Gupta Ramola

    Leader (Financial services), PwC India

    TOPIC: Financial Sector

  • Two of the biggest issues facing the banking sector are capital raising by public-sector banks (PSBs) and stressed assets. Government support will remain crucial for PSBs through measures like consolidation and divestments. Revamping of debt recovery tribunals (DRTs) by increasing their numbers and digitisation, incentivising timely repayments, a strong bankruptcy law, and punitive measures for defaulters, will help in recovery of bad debts. From a tax point of view, the goods & services tax (GST) implementation will remain crucial. Other measures required are movement towards an internationally competitive tax regime to make financial savings and investments attractive.



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  • V


    Do you expect the I-T exemption limit to be raised in the Budget this time?

  • T


    What could be the major changes in corporate taxes, especially those related to MAT-covered companies?

  • N


    PSBs have been under-reporting their NPAs for several past years. Now, RBI Governor Rajan has asked for the books to be cleaned in FY17. This may amount to giving high dose of anaesthia to PSBs at one go. Why is the government not asking Banks to identify NPAs and clean their balance sheets in a three-year period instead of one. The way Rajan is behaving is like giving high dose of chemotherapy to a cancer patient, instead of a low dose every week. Will PSBs' poor image not dent India's image globally?

  • R


    What in your opinion is ailing the banking sector, especially public-sector banks? What are its probable solutions?

  • J

    JAI R

    A "bonus" share is not different from a stock split. The net book value of each share gets halved. Why then is the cost of acquisition of such shares treated as NIL and the entire sale proceeds before one year treated as ST capital gain?

  • S


    A lot of NBFCs have been offering personal loans and consumer durables loans. But the rate of interest they charge is very high — 16% to 21%. They are also charging flat rate of interest. This is because banks do not have sufficient budgetary allocation to fund personal loans. Can't there be a regulatory check on the rate of interest charged by NBFCs?

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