FM: Current Financial Year 2016-17 is not a conventional year as major reformative decisions have been taken; There is need for out of box thinking; Doesn’t see any serious challenges as far as structural changes are concerned

FM: Current Financial Year 2016-17 is not a conventional year as major reformative decisions have been taken; There is need for out of box thinking; Doesn’t see any serious challenges as far as structural changes are concerned https://www.taxtmi.com/news?id=17136 The meeting produced operational proposals focusing on fiscal and regulatory measures: bank recapitalization and full tax exemption for NPA provisioning to strengthen bank balance sheets; capitalization support for development finance institutions including NABARD; creation of a Dairy Infrastructure Development Fund and a Krishi Udyam Nidhi for agri start ups; and targeted venture funds for Scheduled Castes and Scheduled Tribes. It also proposed a Central Registry for GST compliance for nationwide banks, incentives and tax rebates to promote digital payments and merchant adoption, mandatory wage payments through banking or digital channels, urgent digitization of rural cooperative banks, and targeted support for vulnerable rural sectors and low cost housing finance. en-us Wed, 21 Dec 2016 10:02:32 +0530 Wed, 21 Dec 2016 10:02:32 +0530 TaxTMI RSS Generator FM: Current Financial Year 2016-17 is not a conventional year as major reformative decisions have been taken; There is need for out of box thinking; Doesn’t see any serious challenges as far as structural changes are concerned https://www.taxtmi.com/news?id=17136 The meeting produced operational proposals focusing on fiscal and regulatory measures: bank recapitalization and full tax exemption for NPA provisioning to strengthen bank balance sheets; capitalization support for development finance institutions including NABARD; creation of a Dairy Infrastructure Development Fund and a Krishi Udyam Nidhi for agri start ups; and targeted venture funds for Scheduled Castes and Scheduled Tribes. It also proposed a Central Registry for GST compliance for nationwide banks, incentives and tax rebates to promote digital payments and merchant adoption, mandatory wage payments through banking or digital channels, urgent digitization of rural cooperative banks, and targeted support for vulnerable rural sectors and low cost housing finance. News - Wed, 21 Dec 2016 10:02:32 +0530 https://www.taxtmi.com/news?id=17136