Tag: budget 2023

Budget 2023: AI to National Data Governance Policy, FM Sitharaman drives digital agenda
1Feb By adminNo Comments
Technology

Budget 2023: AI to National Data Governance Policy, FM Sitharaman drives digital agenda

[ad_1] Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 today, laying out various proposals to give a boost to the Indian economy in the face of a massive slowdown that has hit the global economy. Underlying all the announcements were the digital initiatives which are expected to boost virtually all the proposals announced today in the Lok Sabha. “The Union Budget 2023 listed multiple initiatives, such as the development of handicrafts, agriculture accelerator funds, push for public-private partnerships for sustainable crops/horticulture, and setting up of multipurpose dairy and fisheries. This will ensure inclusive development of the rural population, and in turn, will give a boost to the sector by enhancing consumption. For months, rural con...
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Budget 2023: National Data Governance Policy announced by FM
1Feb By adminNo Comments
Technology

Budget 2023: National Data Governance Policy announced by FM

[ad_1] The National Data Governance Policy was announced today by FM N. Sitharaman in her Budget speech. It will help simplify the KYC process while anonymizing individual data. Finance Minister Nirmala Sitharaman presented her fifth consecutive budget today for 2023-24 in the Lok Sabha. Coincidentally, this was the last full budget of the Modi government before the Parliamentary elections of 2024. Several initiatives guided by 7 priorities were announced. Aside from the proposals about the new income tax regime, numerous initiatives were also proposed in the fields of technology, finance, agriculture and others. Certain initiatives proposed are planned to promote development in the fields of artificial intelligence, 5G, data privacy and more. The finance minister also announced th...
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Tech Budget 2023 Highlights: 10 quick points on how the current budget will impact tech
1Feb By adminNo Comments
Technology

Tech Budget 2023 Highlights: 10 quick points on how the current budget will impact tech

[ad_1] FM Nirmala Sitharaman has announced the Budget 2023-24. In it, she had various proposals that will impact the tech sector, including smartphones turning cheaper, 5G Labs to be introduced and much more. The Union Budget for the 2023-24 fiscal was announced by Finance Minister Nirmala Sitharaman today in Parliament. Continuing the paperless tradition, she read out the details of the budget from her tablet for the third year in a row. While the major highlight from the budget was the hike in capital expenditure and restructuring of the personal income tax slabs and an increased rebate limit to Rs. 7 lakh (meaning people earning up to Rs. 7 lakh annually will not have to pay taxes in the new tax regime), a heavy focus was also placed on new tech initiatives such as Centre of excell...
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Budget 2023 Tech Announcements: Centers for Excellence in AI, 5G labs and more
1Feb By adminNo Comments
Technology

Budget 2023 Tech Announcements: Centers for Excellence in AI, 5G labs and more

[ad_1] Many initiatives in the field of technology were announced in the Budget 2023-24, including 5G labs, Centers for Excellence in AI and more. The Budget for 2023-24 was just presented in the Lok Sabha by the Finance Minister Nirmala Sitharaman where she announced important reforms and initiatives in various technology-related fields. One of the most rapidly growing fields that has the potential to revolutionize the way we live and work is Artificial Intelligence (AI). AI can be helpful in a number of ways, such as its ability to automate repetitive tasks, thus freeing up time for humans to pursue more important innovative tasks.To promote study and innovation in the field of AI, the Finance Minister announced that 3 Centers of Excellence for Artificial Intelligence will be set up...
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Budget 2023: What just got cheaper and expensive; check FM’s tech announcements
1Feb By adminNo Comments
Technology

Budget 2023: What just got cheaper and expensive; check FM’s tech announcements

[ad_1] Budget 2023: Finance Minister Nirmala Sitharaman has just presented the Budget in Parliament and here is what is set to get cheaper and expensive in the tech world. It is the fifth consecutive year Finance Minister Nirmala Sitharaman has presented the annual budget in Lok Sabha. The Budget 2023 is very important as it is the last full budget of the current government before next year's parliamentary elections. As the world deals with the economic downturn, which has seen multiple tech companies resorting to mass layoffs, this year's budget was sure to be aligned on pragmatic lines. However, like each year, some things have become more expensive while others have become cheaper. But how did that impact your gadgets such as smartphones? Find out.Budget 2023: What has become cheap...
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Your PAN Card has just been changed by Modi govt! Check impact
1Feb By adminNo Comments
Technology

Your PAN Card has just been changed by Modi govt! Check impact

[ad_1] Updating your PAN Card through KYC could become a simplified task, thanks to a proposal by the Finance Minister N. Sitharaman proposed in the Union Budget 2023. Highlighting the need of easing and simplifying the online KYC process, Finance Minister Nirmala Sitharaman announced a new proposal for PAN Card holders. With the mission of expanding Digital India mission, the Government will take this step-in order to enable a more efficient KYC process for all citizens in the country. This new initiative by the Modi government will see the PAN Card being used as a common identifier for all digital systems at government agencies. Finance Minister Nirmala Sitharaman said, "For business establishments required to have Permanent Account Number, the PAN will be used as a common identi...
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Union Budget 2023: After FM reduces taxes, mobile phones to get cheaper?
1Feb By adminNo Comments
Technology

Union Budget 2023: After FM reduces taxes, mobile phones to get cheaper?

[ad_1] The Union Budget 2023 is here and FM Nirmala Sitharaman announced some changes that will impact the technology sector. Notably, mobile phones could become cheaper. Union Budget 2023: FM Nirmala Sitharaman presented the Budget today in Parliament where she also announced changes that will impact the technology sector. In recent years, technology has played a crucial role in India's economic growth. While the Make in India initiative and cybersecurity have been getting all the attention, the Finance Minister Nirmala Sitharaman also had a couple of updates to share in relation to technology, in various fields such as agriculture, finance and others, as well as smartphones, tech components and prices. Despite the rising semiconductor shortage which is plaguing tech industry around ...
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Budget 2023 expectations of Tech czars: What they really want from Modi govt
31Jan By adminNo Comments
Technology

Budget 2023 expectations of Tech czars: What they really want from Modi govt

[ad_1] Budget 2023 expectations: Here’s what some tech industry leaders expect from tomorrow’s Union Budget 2023. Union Budget 2023: In recent years, technology has played a crucial role in India's economic growth. As digitalization and the concept of Digital India is on a rapid rise, it has had a significant and lasting impact. The Union Budget 2023 will be live tomorrow and as always, the technology sector is expected to get some attention. While we are in as much darkness as you when it comes to knowing what lies in store ahead of Budget 2023, industry leaders have certain expectations from Budget 2023 for the technology sector.Union Budget 2023: What industry leaders say1. “The 2023 budget will be crucial for the IT industry as many headwinds globally impact one of India's largest...
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