<h1>India's Finance Minister Calls for Banking Reforms and Digital Incentives to Boost Economic Growth Amid 2016 Challenges.</h1> India's Finance Minister highlighted the country's economic resilience within the global and BRICS economies during a challenging 2016. At a pre-budget meeting, he emphasized the need for innovative strategies and structural reforms, particularly in the banking sector. Key suggestions included bank recapitalization, tax exemptions for non-performing assets, and digital infrastructure incentives. Special focus was urged for sectors like agriculture, dairy, and microfinance, with proposals for new development funds and tax incentives linked to job creation. The meeting also stressed the importance of digitization, financial inclusion, and improved internet connectivity to boost economic growth and employment.