Budget 2023

Last Updated: February 01, 2023, 14:39 ISTNirmala Sitharaman presenting the budget 2023 (PTI Photo)The Finance Minister announced in her budget speech that all the old vehicles of central and state governments will be scrapped and replacedNirmala Sitharaman, Minister of Finance, in her speech, announced that the government has allocated “adequate funds" for scrapping and replacing old vehicles in Budget 2023. The FM said that old vehicles of the central government as well as state government will be replaced. She also…

Common Business Identifier For the business establishments required to have a Permanent Account Number (PAN), the PAN will be used as the common identifier for all digital systems of specified government agencies. This will bring ease of doing business; and it will be facilitated through a legal mandate Digital Public Infrastructure for Agriculture Digital public infrastructure for agriculture will be built as an open source,…

Last Updated: February 01, 2023, 14:00 ISTNirmala Sitharaman presented her fifth budget today. (ANI Photo)The Finance Minister said that the the concessional duty on lithium-ion cells for batteries used in the electric vehicles has been extended for one yearFinance Minister Nirmala Sitharamn presemted the Union Budget 2023 in the Parliament. The auto industry, especially the EV sector, received major boost from the announcement made by the FM as she declared to extend the subsidies on EV batteries for one more year. In…

The government will set-up a DigiLocker digital document storage capability to enable storage of documents digitally, and ease the process of digital application of credit for micro, small and medium enterprises (MSMEs), union finance minister Nirmala Sitharaman said while…

New Delhi: India will set up three centres of excellence (COE)…

Finance Minister Nirmala Sitharama presented the Union Budget 2023 in the parliament today. The minister made some major announcements during her one-hour speech. One such announcement was the decision to set up 100 labs to develop…

In her budget speech today, Finance Minister Nirmala Sitharaman announced to reduce customs duty on import of certain inputs for mobile phone manufacturing. The decision is aimed to boost smartphone production in the country. “To further deepen domestic…

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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…

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