Budget 2023

Image Source : PTI Chandrayaan 3 to ChatGPT: What people Googled in India As 2023 comes to an end, Google has unveiled its 'Year in Search 2023' list for India, showcasing the most popular topics, questions, and interests that dominated internet searches throughout the year. The list spans various categories such as news, entertainment, memes, travel, recipes, and…

The Budget reflects the sentiment of young India that is confident of its place in the world. We have…

Last Updated: February 06, 2023, 12:00 ISTUDAN stands for Ude Desh Ka Aam Nagrik (Photo: AAI)The government had launched RCS-UDAN (Ude Desh ka Aam Nagrik) in October, 2016 to enhance regional air connectivityWhile the last couple of months have witnessed consistent growth in the aviation traffic in the country, the budget announcement to revive 50 aircraft landing sites comprising airports, heliports and water aerodromes is likely to give more wings to the governments ambitious aviation scheme, Regional Connectivity…

India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple Inc, a tax official told Reuters on Friday.Indian mobile phone exports nearly doubled year-on-year to $5 billion (roughly Rs. 40,960 crore) between April-October in 2022, primarily supported by the government's key scheme to offer incentives to local manufacturers.At the annual budget for 2023/24 on Wednesday, Finance Minister…

Presenting the Union budget on Wednesday, finance minister Nirmala Sitharaman halved the customs duty on parts to produce open cells to 2.5%, “to promote value addition in manufacturing of televisions." While this initially got some manufacturers excited about the prospects of passing the benefits to consumers, industry executives and analysts opine that brands will only reap benefits of the revised duties on open cell components once contract manufacturers start local assembly of open cells.…

Last Updated: February 02, 2023, 18:20 ISTImage used for Representation. (Photo: Reuters)Budget 2023 allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs 9,363.70 croreThe Civil Aviation Ministry witnessed a significant decline in its allocation in Budget 2023-24 presented on Wednesday.The Budget allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs 9,363.70 crore.The Budget documents showed that the major…

Last Updated: February 02, 2023, 17:07 ISTImage used for representation. (Photo: IANS)Reduction of Customs duty on lithium-based batteries would go a long way and enhance India's exports of these productsCustoms duty exemption has been provided for capital goods for the manufacture of lithium ion cells for batteries used in EVs in the Union Budget 2023-24.This would help the automobile sector maintain its global competitiveness.Reduction of Customs duty on components of mobile phones, lithium-based batteries, open cells…

The EdTech sector welcomed the budget announcements on digital initiatives with a focus on artificial intelligence in the education sector, terming it a step towards the "digital revolution." Three centres of excellence for artificial intelligence in top educational institutions, 100 laboratories in engineering institutions for developing applications using 5G services, and a national digital library for children and adolescents to facilitate the availability of quality books across geographies, languages, and genres, are…

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…

Even though the EV sector is still at a very early stage in India, many industry insiders believe that the government’s initiatives and announcements made by finance minister Nirmala Sitharaman will fast-track the ecosystem development. Representational image: ShutterstockAn industry insider suggested that the government should have introduced some policies regarding EV battery recyclingThe budget 2023 document has unveiled that there is almost a 78% increase in the estimated budget allocation of Faster Adoption and…