Budget 2023: National Data Governance Policy announced by FM
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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...