<h1>Finance Minister Highlights 2016-17 Reforms: Bank Recapitalization, NPA Tax Exemptions, Digitization, and Support for Agriculture.</h1> The Union Finance Minister described the financial year 2016-17 as unconventional due to significant reformative decisions. At a pre-budget meeting with banking and financial institution representatives, he emphasized the need for innovative thinking and did not foresee major challenges with structural changes. Key suggestions included bank recapitalization, full tax exemption for NPA provisioning, and special exemptions for senior citizens post-demonetization. Other proposals focused on digitization, GST compliance, and support for the dairy and agriculture sectors. The meeting also addressed digital payment infrastructure, employment incentives, and financial inclusion efforts. The banking sector was urged to enhance compliance and support economic demand through measures like low-cost housing.