New Delhi:The Finance Minister Pranab Mukherjee has presented three budgets since the UPA II came to power in 2009. But in the last 3 years economic growth has constantly been on a decline. There is also a constant drop in profitability of PSU banks. The PSU banks are struggling with rising Non Performing Assests (NPA).

Financial reforms are due for implementation and difficulties are being faced with insurance regulations. Amidst such scenario, there is an expectation from the Finance Minister to come up with a new roadmap to deal with the current economic slowdown.

According to experts, the Finance Minister may announce the plan to connect all villages having population of more than 1,000 to banking services. Announcements regarding consolidation of capital base may be announced in the budget. It is considered that in the next FY, the Finance Minister may extend Rs 20,000 crore help to PSU banks. In the last budget Rs 6,000 crore had been given to PSU banks.

In the 2010-11 union budget, villages with more than 2,000 population were announced to be connected to banking services. However, the deadline to complete the plan was extended till March 2012. But according to current data, out of the 72,000 selected villages, 15,000 villages are yet to be connected to banking services.

In such circumstances, the Finance Minister has to explain as to how the villages having more than 1,000 population be connected to banking services.

In the pre-budget meet with India Inc, it was emphasised that there should be increased focus on economic reforms. While presenting the budget of current FY, the Finance Minister announced PFRDA amendment bill for pension reform in the country. But till now political consensus has not been reached. India Inc is expecting the Finance Minister to announce something regarding implementation of the proposed FDI in insurance sector.