Tag: budget 2024

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...
Read More
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...
Read More
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 ...
Read More
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...
Read More
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...
Read More
Tech Budget 2024: Government unveils deep-tech fortification scheme for defence sector
1Feb By adminNo Comments
Technology

Tech Budget 2024: Government unveils deep-tech fortification scheme for defence sector

[ad_1] Tech Budget 2024: In a significant announcement on Thursday, Finance Minister Nirmala Sitharaman revealed the government's forthcoming scheme aimed at fortifying deep technology within the defence sector. The disclosure was made during the presentation of the interim Budget for the fiscal year 2024-25.Additionally, Minister Sitharaman outlined the government's commitment to fostering both public and private investments in post-harvest agricultural activities. Emphasising advancements in agricultural practices, she highlighted the planned expansion of the application of nano DAP on various crops across different agro-climatic zones. Also read: Tech Budget 2024 Live Updates: FM announces 300 units free electricity with rooftop solarization Furthermore, the Finance Minister detailed...
Read More
Tech Budget 2024: How India’s interim union budget is set to shape AI for all
1Feb By adminNo Comments
Technology

Tech Budget 2024: How India’s interim union budget is set to shape AI for all

[ad_1] As India charts its course towards becoming an artificial intelligence (AI) powerhouse, the Union Budget for 2024-25 assumes critical significance, building on the substantial groundwork laid in the previous fiscal year. With a focus on ethical safeguards, upskilling initiatives, and supportive policies for startups, the budget is likely to aim at fortifying the nation's AI sector for sustained growth.Ethical AI Practices: Governance and RegulationRecognizing the potential biases that AI systems may inherit from non-uniform data distribution, the budget may emphasise the necessity of regulations. Governance regulations to establish ethical standards for AI developers and companies. Drawing inspiration from the Digital Personal Data Protection (DPDP) Act, the government is likely ...
Read More
Budget 2024 expectations in AI: How will India’s tech landscape transform with anticipated initiatives?
1Feb By adminNo Comments
Technology

Budget 2024 expectations in AI: How will India’s tech landscape transform with anticipated initiatives?

[ad_1] Budget 2024 expectations in AI: In the forthcoming Interim Budget 2024, set to be announced by Finance Minister Nirmala Sitharaman at 11 am today, the government is expected to introduce some initiatives on artificial intelligence (AI) and other emerging technologies. As the nation gears up for the 2024 budget, the technology sector is rife with expectations. Key industry figures spanning AI, semiconductors, and edtech have articulated their aspirations and recommendations for the government's fiscal policies.NITI Aayog has advocated a forward-looking strategy, proposing the establishment of Centres of Excellence (CoEs) to fortify AI development and foster application-based research. Over the past five years, AI has not only permeated various sectors but has become a recurring fo...
Read More
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...
Read More
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...
Read More