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Will Union Budget 2025 deliver on financial sector reforms?

The article from Firstpost discusses the expectations and potential reforms in the financial sector for India's Union Budget 2025. It highlights the need for comprehensive financial sector reforms to enhance economic growth, focusing on areas like banking, insurance, and capital markets. Key points include the necessity for better governance in public sector banks, addressing the high levels of non-performing assets (NPAs), and promoting financial inclusion. The article also touches on the potential for digital transformation in financial services, the role of fintech, and the importance of regulatory frameworks that encourage innovation while ensuring stability. There's an emphasis on the government's role in creating an environment conducive to investment, both domestic and foreign, by simplifying tax structures, improving ease of doing business, and possibly revisiting policies like the Insolvency and Bankruptcy Code to make it more effective. The overarching theme is the anticipation of a budget that not only addresses immediate financial sector challenges but also sets a long-term vision for India's financial landscape.

Read the Full Firstpost Article at:
[ https://www.firstpost.com/business/will-union-budget-2025-deliver-on-financial-sector-reforms-13852791.html ]