Friday, April 12, 2024
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Budget

Emphasising the need to give support to the electric vehicle sector, Finance Minister Nirmala Sitharaman announced that the government will expand the ecosystem by supporting charging infrastructure, etc.

The government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged

Investors and experts expect more sector-specific sops and big-ticket funding to provide impetus to the sector that is expected to drive the next wave of revolution in India’s technological journey

The government approved Phase II of FAME Scheme with an outlay of Rs 10,000 crore for a period of three years commencing from April 1, 2019. The scheme has been extended till March-end 2024

From amending 42 central laws to making the Permanent Account Number (PAN) a common identifier, the finance minister (FM) announced a series of measures in the parliament on February 1, 2023

In Budget 2023, the education sector saw a hike of around 8 per cent, with an allocation of Rs 1.12 lakh crore against the Rs 1.04 lakh crore allocated last time

The government is planning to provide a boost to the pharmaceutical industry by focusing on research and innovation via a public-private partnership (PPP) model

In the Union Budget 2023, Finance Minister Nirmala Sitharaman increased the budget allocation for MSME sector and announced new initiatives such as a revamped credit scheme and an entity DigiLocker

Before the budget, some of the founders (especially from the edtech sector) expected some revisions to the start-up ecosystem

The announcement is expected to bring some joy among the agritech founders, who hoped for sustainable development and digitalisition from the budget