New Delhi: Finance Minister Nirmala Sitharaman has presented the Union Budget 2023 in Parliament. He has also announced many big changes regarding technology. Here we will look at some of the changes in the tech industry and telecom sector.
100 Labs for 5G
The Finance Minister said that for the progressive development of 5G, the government will set up about 100 labs across the country. Explain that this will help in developing 5G services effectively. So far, 5G service of Airtel and Jio has gone live in more than 100 cities across the country.
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Customs duty on open sale of TV panels
The duty on open cells has been cut in the new budget and this will also help in competing with the volatile international panel market. However reduction in GST for large size televisions is still something we are waiting for and urge the government to reconsider.
Relief to smartphone makers
In this new budget, it was told that the relief in customs duty for some inputs for camera lens, lithium battery will continue for one more year.
National Digital Library Resources
In the new budget, an attempt has been made to link education with technology. The government will set up a National Digital Library to help digitize education as a part of the Digital India initiative.
Digilocker update
DigiLocker will now support more documents and will also be used to store and share documents as and when required. This will greatly help individuals, banks and financial institutions to store and share data online in a secure and fast manner by expanding the DigiLocker services in the Fintech sector.
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National data governance policy
The new budget pointed out that the KYC process would be simplified and there would be a one-stop solution for identity and address update process through the DigiLocker application.
AI update
The new budget informed that Make AI in India, Make AI Work for India will be set up in top educational institutions to develop cutting-edge applications in agriculture, health and other sectors.
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