Budget 2020: Measures to boost business confidence, says PwC India chairman

The stress in the banks and the NBFCs has led to undermining of confidence in the sector

The government through this  Budget laid importance on the need to build trust with its stakeholders.

The first level of trust building has been through more realistic projections on the government finances and assuming a nominal growth rate of GDP of 10 per cent. While the deficit estimates have been breached, the government has not abandoned the path to fiscal prudence and has limited the breach to 0.5 per cent that is as per FRBM provisions. 

The government is committed towards addressing the apprehensions around doing business in India. Inclusion of a Charter for Tax Payers in statute and amendments to the