especially shadow lenders a liquidity crunch faced by nonbanking finance companies was a major drag on growth as it curbed their ability to lend which in turned crimped consumption as indias shadow banks have the biggest exposure to the real estate sector any measure to lower tax rate on property transactions could benefit the sector said sbis ghoshexcess reservesthe government is seeking to extract higher dividends from the rbi to help boost its revenue and finance the deficit and the budget may give a provisional figure on how much will be transferred for the remainder of the fiscal year the central bank gives dividends to the state every year and made an interim payout of 280 billion rupees in february the government has been pushing for the rbi to boost its contribution with finance ministry officials estimating the central bank has surplus capital of 36 trillion rupees a panel led by former central bank governor bimal jalan was set up to study the rbis capital framework and is yet to finalize its reportexpenditureone of the key election pledges of modis bharatiya janata party was to spend 144 trillion to build roads railways and other infrastructure in the next five years sitharaman is expected to outline details of this plan as well as investment in agriculture and other sectors that can be drivers of growth markets will also be looking for how much capital the government will inject into stateowned banks after a massive 106 trillion rupees plan last yeargoals missedindia has missed budget deficit goals for two straight yearsnow that elections are over and the country has given an unambiguous verdict this budget should take some hard decisions towards initiating a host of structural reforms that would trigger off corporate investment said partha ray a professor of economics at the indian institute of management in kolkatawatch union budget 2019 5 key points to achieve target of 5 trillion economy