Tag: india budget

Technology

Budget 2023: National Data Governance Policy announced by FM

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 the Nati...
Technology

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

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 in to...
Technology

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

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 the wo...
Technology

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

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 emplo...