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6-Feb-2020
We at Muthoot Pappachan Group with a set of NBFCs into various retail financial businesses focused on the common-man, would like to look at the Union Budget presented on Feb. 1st, 2020 in conjunction with the last budget in 2019 and various announcements & action inter alia, directly from the Union Govt and from the RBI. The push for Rural India, for Infrastructure development and the focus on MSME Sector, for instance, started from the last Budget itself. Thereon various measures were rolled-out in between for improving Liquidity from banks to NBFCs, for Real Estate, Corporate Tax, including unprecedented overall 135 bps cut, in five tranches during the year 2019.
