Tag: Budget

Tech Sector reactions on Budget 2024: From EVs, startups to sunrise domains, know what experts said
1Feb By adminNo Comments
Technology

Tech Sector reactions on Budget 2024: From EVs, startups to sunrise domains, know what experts said

[ad_1] Tech sector reactions on Budget 2024: Finance Minister Nirmala Sitharaman has announced the interim budget for 2024 today with several major announcements, but left out many other things that were high on the priority of the leaders in the technology space. Despite the current presentation failing to address those priorities, tech experts anticipate that the final budget after the general elections will unveil specific allocations and policies that will benefit the entire sector. Be that as it may, today, many tech leaders and experts have reacted to the interim budget 2024. Check out these reactions from the tech sector below.Budget 2024 reactionsBipin Preet Singh, Co-founder and CEO at MobiKwik said, “We appreciate the thoughtful budget announcements for India, marking a signif...
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Budget 2024: Govt commits to boost electric vehicle ecosystem through infrastructure support
1Feb By adminNo Comments
Technology

Budget 2024: Govt commits to boost electric vehicle ecosystem through infrastructure support

[ad_1] Finance Minister Nirmala Sitharaman, in her Budget 2024 speech today, declared that the government aims to bolster the electric vehicle (EV) ecosystem by providing support to both charging and manufacturing infrastructure across the country. In her pre-election Budget - technically a vote on account and commonly referred to as an interim Budget - Sitharaman emphasised the encouragement of electric buses for public transport networks as a pivotal aspect of this strategy."Our government is committed to expanding and fortifying the e-vehicle ecosystem by actively supporting manufacturing and charging infrastructure," stated the finance minister. Additionally, she highlighted the intention to promote the adoption of electric buses in public transport networks through the implementati...
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Tech Budget 2024: Govt launches Rs. 1 lakh cr fund for tech-savvy youth – will offer 50-yr interest-free loans
1Feb By adminNo Comments
Technology

Tech Budget 2024: Govt launches Rs. 1 lakh cr fund for tech-savvy youth – will offer 50-yr interest-free loans

[ad_1] Tech Budget 2024: Finance Minister Nirmala Sitharaman, in her interim Budget 2024 address to Parliament today, unveiled a significant development for the nation's youth. Emphasising the forthcoming golden era for technology-savvy individuals, Sitharaman announced the establishment of a corpus amounting to one lakh crore rupees, accompanied by 50-year interest-free loans. This corpus is designed to facilitate long-term financing or refinancing, offering extended tenors with low or negligible interest rates. The primary objective is to stimulate research and innovation within the private sector, particularly in emerging fields.“We applaud the government's initiative to establish a Rs. 1 lakh crore fund to fuel technological innovation among our youth. This visionary step, offering ...
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Budget 2024 tech announcements: 5 things to know about what FM Nirmala Sitharaman declared
1Feb By adminNo Comments
Technology

Budget 2024 tech announcements: 5 things to know about what FM Nirmala Sitharaman declared

[ad_1] Finance Minister Nirmala Sitharman presented the Budget 2024 in Parliament today, February 1. Interestingly, this was an Interim budget, while a full-fledged budget will be announced after the culmination of the general elections by the new government. As expected, the FM made several key tech announcements, introducing reforms in the sector. The FM herself presented the budget 2024 in paperless format via a digital tablet kept inside a red-coloured 'bahi khata' with the national emblem embossed on it. Industry experts had high expectations related to the field of artificial intelligence (AI), but no such announcement took place. Check out the key announcements for the tech sector from the Interim Budget 2024.Budget 2024: 5 key announcements for the tech sector1. The Finance Mini...
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Tech Budget 2024: FM Nirmala Sitharaman announces 300 units of free electricity with rooftop solarization
1Feb By adminNo Comments
Technology

Tech Budget 2024: FM Nirmala Sitharaman announces 300 units of free electricity with rooftop solarization

[ad_1] Tech Budget 2024: Today, Finance Minister Nirmala Sitharaman announced the interim budget for 2024-25 with the aim of fostering and speeding up the greater development of India. As part of the announcement, Sitharaman highlighted the installation of rooftop solarization in 1 crore households which will help obtain up to 300 units of free electricity every month. FM further said, “This scheme follows the resolve of the Prime Minister on the historic day of the consecration of Shri Ram Mandir in Ayodhya.” This move will improve India's sustainability goals.Tech Budget 2024The Finance Minister while presenting the interim budget 2024 announcement talked about the rooftop scheme following the resolve of the Prime Minister. The new scheme will empower 1 crore households with a rooftop...
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Budget 2024: What are the expectations of Tech Sector from Budget 2024
1Feb By adminNo Comments
Technology

Budget 2024: What are the expectations of Tech Sector from Budget 2024

[ad_1] Budget 2024: Finance Minister Nirmala Sitharaman will present the Interim budget 2024-25 today, February 1. It has been announced that the full budget for the upcoming fiscal year will only be presented after the general elections in the presence of the new government. Industry experts expect important reforms and initiatives in various technology-related fields, especially in artificial intelligence (AI), which has been one of the most rapidly growing fields that has the potential to revolutionize the way we live and work. Check out what experts from the tech sector expect from Budget 2024.Budget 2024: Expectations of tech sector1. Regarding tech and cybersecurity, Amit Jaju, Senior Managing Director, Ankura Consulting Group (India) says, “For the 2024 budget, it's imperative th...
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With Budget 2024 looming, Govt cuts mobile phone components import duty to 10%
31Jan By adminNo Comments
Technology

With Budget 2024 looming, Govt cuts mobile phone components import duty to 10%

[ad_1] With Finance Minister Nirmala Sitharaman all set to announce the interim Budget 2024 tomorrow, the PM Narendra Modi led government has rolled out a massive mobile phone components import duty cut today. The cut that has been announced is from 15% to 10% and it is aimed at boosting India's exports. Notably, the country is Asia's third-largest economy.The import duty on parts such as battery covers, main lens, back cover, other mechanical items of plastic and metal, among others, has been reduced to 10%, the finance ministry said in a notification issued late Tuesday, Reuters reports. We are on WhatsApp Channels. Click to join.  The move was widely expected as some reports had, earlier this month, highlighted the fact that the government was actively considering import duty cuts on...
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Interim Budget 2024-25: Expectations of tech czars from the Modi govt
30Jan By adminNo Comments
Technology

Interim Budget 2024-25: Expectations of tech czars from the Modi govt

[ad_1] Interim Budget 2024-25: In recent years, technology has played a crucial role in uplifting India's economy, so much so that it has become a major focus point in the Union Budget. As digitalization and the concept of Digital India are on a rapid rise and artificial intelligence-enabled tools have increasingly grabbed the spotlight for both good and bad reasons, new and significant as well as lasting changes are expected. This year, Finance Minister Nirmala Sitharaman will be presenting the Interim Budget 2024-25 on February 1, while the full budget will be presented only after the general elections in the presence of the new government. Last year, technology was a key point in the Union Budget, with various announcements taking place. The announcements included setting up new Cent...
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F-35 Fighter Jet – The World’s Costliest Weapons Program – Just Got More Expensive
3Oct By adminNo Comments
Technology

F-35 Fighter Jet – The World’s Costliest Weapons Program – Just Got More Expensive

[ad_1] The world's most expensive weapons program - the US's F-35 fighter jet - got even more costly, according to the Pentagon. The program to develop and procure the plane will cost a total of $438 billion, up $26 billion from the last estimate a year ago, according to the F-35's new Selected Acquisition Report released Monday. The 6.5% increase is actually relatively modest by the standards of the program, which originally was $233 billion when Lockheed Martin Corp. won the contract in 2001.“The cost data in question was driven after accounting for inflation” and readjustment of the Air Force, Navy and Marine Corps production plans which extend from 2044 to 2049, the program office said in a statement. The new estimate does not change the total number of planned aircraft, which inclu...
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Aditya-L1: Know how much the ISRO mission will cost and check comparison with NASA
1Sep By adminNo Comments
Technology

Aditya-L1: Know how much the ISRO mission will cost and check comparison with NASA

[ad_1] India is about to embark on yet another historic journey, this time to the Sun. Just a few days ago, India was in the news as the Chandrayaan-3 mission to the Moon was successful as it achieved a soft landing on the lunar South Pole, becoming the first in the world to do so. Now, with its solar mission named Aditya-L1, which is set to launch on September 2, the Indian Space Research Organization (ISRO) hopes to unravel the mysteries of the Sun. The spacecraft, along with the PSLV-C57, is now being readied for the launch and has been rolled out onto the Launch Pad 2 of the Satish Dhawan Space Center in Sriharikota. ISRO Chairman S Somnath said, “We are just getting ready for the launch. The rocket and satellite are ready. We completed the rehearsal for the launch. So tomorrow, we ...
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