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Union Budget 2023 24

CBDT Chairman Nitin Gupta said that once the issue would reach their door, the Department will examine the concerns and take it forward

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

In the budget, the government announced measures that would help the sector to maintain the flow of growth. Additionally, it focussed on creating more jobs, improving entrepreneurial opportunities and enabling increased use of technologies

It has entered into a partnership with 3rdiTech, an Indian start-up, in the field of semiconductors

Speaking about the education sector, she said, "The budget proposals like teachers training and National Digital Library align with the NEP schools and by investing in cutting-edge digital infrastructure and nurturing an innovation-driven culture

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

Gradually, India is witnessing a lot of start-ups dealing with AI-driven ecosystems and products