What is the News? In the Union Budget 2022, the Finance Minister has announced several steps for the promotion of Drones. What are the steps announced by the Finance Minister for the promotion of Drones? Firstly, Startups will be promoted to facilitate ‘Drone Shakti’ through varied applications and for Drone-as-a-Service(DrAAS). Note: Drone Shakti is a… Continue reading Push for promotion of drones through start-ups
Category: PUBLIC
Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets
What is the News? In Budget 2022, the Finance Minister has announced several norms for virtual digital assets. What are the steps announced by the Finance Minister for crypto assets? Digital Rupee: Reserve Bank of India will launch a Digital Rupee – India’s version of a Central Bank Digital Currency (CBDC) by 2022-23. The CBDC will… Continue reading Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets
Health Sector in Budget 2022: Despite Covid pandemic, health no longer the highlight
What is the News? In Budget 2022, the Finance Minister has announced several initiatives for the Health Sector. But the Budget 2022-23 has not allocated much to the health sector as required despite the ongoing pandemic. What are the initiatives announced in the Health Sector in Budget 2022? Health Budget: The health sector saw a muted… Continue reading Health Sector in Budget 2022: Despite Covid pandemic, health no longer the highlight
Budget 2022: Auctions By March, Rollout By FY23 Govt lays ground for 5G rollout; pushes rural broadband deadline to 2025
What is the News? In the Budget 2022, the Union Finance Minister has announced several initiatives in the Telecom Sector. What are the initiatives announced by the Finance Minister in the Telecom Sector? Firstly, the Government will hold an auction for the 5G spectrum in 2022, but the implementation of services will happen in 2022-2023. … Continue reading Budget 2022: Auctions By March, Rollout By FY23 Govt lays ground for 5G rollout; pushes rural broadband deadline to 2025
MHA budget hiked by 11 per cent, lion’s share of allocation for police
What is the News? Finance Minister has announced the budget for 2022-23. The budget provided ample allocation for internal security. About the allocation of budget for internal security Ministry of Home Affairs (MHA): In the Union Budget for 2022-23, 1.85 lakh crore has been allocated to MHA. This is an increase of 11% over the… Continue reading MHA budget hiked by 11 per cent, lion’s share of allocation for police
A NEW SCHEME, PRIME MINISTER’S DEVELOPMENT INITIATIVE FOR NORTH EAST ‘PM-DevINE’ ANNOUNCED; Rs. 1500 CRORE ALLOCATED
What is the news? The Finance Minister has announced the Prime Minister’s Development Initiative for North-East(PM-DevINE) Scheme during the Union Budget 2022-23. What is PM-DevINE Scheme? The PM-DevINE Scheme will fund infrastructure and social development projects based on the needs felt in the North-East. Objective: To enable livelihood activities for youth and women and fill… Continue reading A NEW SCHEME, PRIME MINISTER’S DEVELOPMENT INITIATIVE FOR NORTH EAST ‘PM-DevINE’ ANNOUNCED; Rs. 1500 CRORE ALLOCATED
Govt. proposes new SEZ law
What is the news? In the Union Budget 2022, the Government has proposed to replace the Special Economic Zones (SEZs) Act,2006 with a new law. What is the Special Economic Zones (SEZs) Act? The Special Economic Zones (SEZs) Act was enacted in 2006 with an aim to create special economic zones. SEZ are areas within… Continue reading Govt. proposes new SEZ law
Budget extends more sops for IFSC
What is the news? In the Union Budget 2022, the Finance Minister has announced several steps to further promote the International Financial Services Center (IFSC) in Gujarat. What are the steps announced by the Finance Minister to promote IFSC? Firstly, Income Tax incentives will be provided to promote various business activities such as ship leasing… Continue reading Budget extends more sops for IFSC
Digital varsity and e-content for schools planned
What is the news? In Budget 2022, the Finance Minister has announced several initiatives for the education Sector. What are the initiatives announced in the Education Sector in Budget 2022? DESH-Stack e-portal: Digital Ecosystem for Skilling and Livelihood (DESH-Stack e-portal) will be launched to empower citizens to skill, reskill or upskill through online training. Digital… Continue reading Digital varsity and e-content for schools planned
Great On Growth, Not on Jobs
News: Recently Union Budget 2022-23 has been released. The article discusses the wise choices made in the budget along with challenges still existing to be resolved. What are the excellent strategies seen in the Budget 2022-23? One, the finance minister has avoided populist measure and focused on increasing public investment. Government capital expenditure is expected… Continue reading Great On Growth, Not on Jobs
