Dear Sir, I suggest that every loan account should have a Loan Account number + IFSC code which should enable the consumer to pay money to the loan account as and when he has spare money. This will reduce NPAs in all banks and NBFCs. There are instances when a person gets money in his business or job but the payment date of any loan account is fixed. If by any chance, the consumer needs money for some other priority just before the due date, he would rather use money for his priority and would rather pay penalty to the bank. If the consumer will have a loan account number and IFSC code then the consumer will be able to pay as and when he has some spare money and this will reduce NPAs for sure.

Customs Duty Applicability on the Entire Value of Manufactured Goods to DTA: Currently, as per the applicable regulatory provision’s customs duties are being charged on the entire value of goods, including the value of procurement from DTA units and value addition made during in inhouse manufacturing. This situation creates an uneven playing field for manufacturing sectors located in SEZs and discourages the Government’s vision and the Make in India initiative. Additionally, Importers in DTA prefer to buy from China and other overseas countries, resulting in higher foreign exchange outflow for India. We have also represented this issue to the Ministry of Commerce through the Export Promotion Council for EOUs and SEZ units.

The focus should be on building physical, digital and social infrastructure. • India should also shift focus to emerging markets and diversify its export markets to reduce dependence on the West. This can be done by promoting digital trade and e-commerce platforms. Providing incentives to start-ups will be helpful. • Allocate resources towards affordable healthcare and expand coverage of health insurance. • Increase budget allocation for training and hiring healthcare and education professionals, especially in rural and remote regions. • Incentivise private-sector participation in medical education to address the shortage of doctors and paramedics. • Enhance funding for R&D and vaccine research and programmes tackling diseases such as cancer and diabetes.

Form 10F has to be mandatorily submitted in electronic form from earlier manual form. The problem is requirement of DSC or through an electronic verification code which they are not able to receive probably on their mobile phones. My suggestion is to make email OTP should be sufficient to file Form 10F electronically.

A balanced approach toward fiscal consolidation, with strategic investments in manufacturing, sustainability, and technology-driven innovation, will be essential for long-term economic resilience. Simplifying regulatory frameworks and furthering the ease of doing business will encourage entrepreneurship and stimulate domestic and international investments.

The upcoming budget should focus on supporting startups and MSMEs to create jobs, simplifying compliance through digital solutions, and promoting hybrid work models. Incentives for talent acquisition, reskilling programs, and wellness initiatives can help create a more resilient and productive workforce. By improving infrastructure and streamlining regulations, India can attract global talent and businesses, ensuring a brighter and more inclusive employment landscape.

The reforms we’ve discussed aren’t just about numbers or policies—they’re about making India a better place to do business. Expanding the PLI scheme, simplifying GST, and resolving customs disputes could transform how the world sees India as an economic player. Infrastructure investments, skill development, green energy, and start-up support are equally crucial to this vision. But will the government deliver bold reforms that truly make an impact? Or will this budget be another missed opportunity in India’s growth story? As the clock ticks toward Budget Day, the country—and the world—waits for answers.

Start-up Ecosystem Support "The start-up ecosystem is ripe for exponential growth. The right policy interventions can transform India into the world’s next innovation hub," . In addition, government-backed funds aimed at nurturing early-stage companies could propel India’s entrepreneurial spirit to new heights. Offering tax breaks and incentives to venture capitalists investing in early-stage start-ups could provide critical support to this sector.

Green Energy Transition India's commitment to achieving net-zero carbon emissions by 2070 requires a substantial investment in renewable energy. A green energy fund dedicated to solar, wind, and hydropower projects could help the nation transition toward sustainable energy sources while creating jobs and reducing dependence on fossil fuels. "The green energy revolution is a vital step towards a sustainable and self-sufficient India,

As automation and artificial intelligence reshape industries, reskilling India’s workforce becomes a critical task. Budget 2025 offers an opportunity to focus on vocational training and upskilling, particularly in emerging fields like data science, renewable energy, and AI. Investment in skill development will be crucial for sustaining growth,"