Category: telecom

With the 5G roll-out now gaining momentum in India, the Centre on Wednesday announced to set up 100 labs in the top engineering institutions to develop 5G apps and services.

To promote exports and enhance domestic manufacturing, Finance Minister Nirmala Sitharaman during her Budget speech on Wednesday announced a reduction in customs duty rates on various commodities and products.

For commemorating Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025, Finance Minister Nirmala Sitharaman said while announcing the Union Budget 2023-24 on Wednesday.

The total capex outlay in the Union Budget for 2023-24 has been enhanced by 33 per cent from Rs 7.5 lakh crore to Rs 10 lakh crore which takes it to an all-time high of 3 per cent of GDP.

Karnataka Chief Minister Basavaraj Bommai on Wednesday thanked Prime Minister Narendra Modi for announcing Rs 5,300 crore funds for the Upper Bhadra project of the state in the Union Budget 2023.

Finance Minister Nirmala Sitharaman on Wednesday announced that the government will set up Data Embassies in the country to facilitate seamless digital transfers and continuity for other nations.

Finance Minister Nirmala Sitharaman on Wednesday set the fiscal deficit target for 2023-24 at 5.9 per cent of the GDP, while emphasising that the government is committed to bring it below the 5 per cent-mark by 2025-26.

Aiming to empower youth and help them realise their dreams, PMKVY 4.0 will be launched to skill lakhs of youths within the next 3 years, Union Finance Minister Nirmala Sitharaman announced in her Budget speech on Wednesday.

Finance Minister Nirmala Sitharaman made several announcements in the Union Budget 2023-2024 on Wednesday.
Some highlights of the Budget:

The government will launch a programme in a mission mode to eliminate sickle cell anaemia by 2047, announced Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023-24 in the Parliament on Wednesday.

While presenting the Budget on Wednesday, Finance Minister Niramal Sithraman said that the promotion of tourism will be taken up on mission mode with the active participation of states' convergence of government programmes and public-private partnerships.

While presenting the Union Budget 2023-24 in Parliament on Wednesday, Union Finance Minister Nirmala Sitharaman said 47.8 crore Jan Dhan accounts have been opened across the country so far.

Finance Minister Nirmala Sitharaman on Wednesday announced that 50 additional airports, water aerodromes and heliports would be set up for improving regional air-connectivity.

The Centre has launched a 15,000 crore development fund for the tribal and marginalised section, Finance Minister Nirmala Sitharaman announced on Wednesday.

Indian Railways received a major boost from the Union Budget 2023-24 being presented by Union Finance Minister Nirmala Sitharaman in the Parliament on Wednesday.

In the ChatGPT era, Finance Minister Nirmala Sitharaman on Wednesday announced the government will open three centres of excellence for artificial intelligence (AI) at top educational institutions.

The scheme envisages providing houses for rural as well as urban poor and the massive hike in its outlay holds significance keeping in mind the fact that this is the last proper Budget of the NDA government before the 2024 Lok Sabha elections.

Agriculture accelerator fund will be set up to encourage agri-startups by young entrepreneurs, Union Finance Minister Nirmala Sitharaman said on Wednesday.

Sitharaman further said that the entire expenditure of about Rs 2 lakh crore under the PM Garib Kalyan Anna Yojana is being borne by the Central government, for supplying free foodgrains for a year to all Antyodaya and priority households.

Finance minister Nirmala Sitharaman has said that the economic agenda for the government's vision focuses on facilitating opportunities for citizens, providing strong impetus to growth and job creation as well as strengthening macroeconomic stability

"We are steering an ambitious people-centric agenda to address global challenges and facilitate sustainable economic development," she said while presenting the Union Budget in Parliament on Wednesday.

The Central government is expected to announce generous funds and projects for the poll-bound Karnataka in the Union Budget 2023-24 which will be presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Wednesday.