Finance Minister Nirmala Sitharaman presented the first full-fledged budget of the Modi government's third term. The Union Budget 2024 has set ambitious targets to drive transformative changes across various sectors, strongly focusing on leveraging technology to propel progress towards Viksit Bharat. This budget aims to lay a robust foundation for future growth by focusing on innovation, digital infrastructure, and supportive policies for the technology and telecom sector.
One of the most notable features of Union Budget 2024 is establishing a mechanism to stimulate research and development in the private sector. The government has allocated a substantial corpus of Rs 1 trillion for financing at low or nil interest rates. This initiative, coupled with the operationalisation of the Anusandhan National Research Fund, aims to boost basic research and prototype development. By creating a conducive environment for cutting-edge research, the government seeks to encourage innovation and technological advancements that will drive India's progress.
The budget earmarks a considerable allocation of Rs 1,163,420 million for IT and telecom expenditures, underscoring the sector's critical role in national development. Here are key insights into Budget 2024 from the technology, media, and telecom sector perspective.
WITHDRAWAL OF THE EQUALISATION LEVY
Denne historien er fra August 2024-utgaven av Voice and Data.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 2024-utgaven av Voice and Data.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Data discomfort: Why India's data connectivity speeds are falling
India is one of the world’s biggest markets for 5G Internet services, but that has come at the cost of connectivity speed—at least for now
A full-stack mission to orbit
With its all-in-one model, Dhruva Space is merging satellite design, launch, and support under one roof to streamline India's space-tech future
5G dreams: A tech revolution hits roadblocks
India's swift 5G rollout encounters hurdles as operators struggle to monetise their investment, with sluggish consumer and enterprise adoption stalling growth
Empowering India's next-gen business pathways
Cloud, data centres, and 5G form a powerful trio, shaping India’s digital future with scalable infrastructure, seamless connectivity, and rapid innovation
Interconnected technologies, unlocking enterprise growth potential
The synergy of AI, IoT, and 5G is transforming business operations, enabling smarter decision-making and paving the way for scalable, data-driven growth
Beyond the 5G horizon, a new era of user expectations
Telecom experts explore a future beyond 5G, revealing how Al, loT, and secure infrastructure will transform industries and meet rising user demands
Unfolding India’s digital journey beyond 5G
India’s telecom leaders envision a future of next-gen connectivity, aiming for a digitally inclusive landscape driven by innovation and sustainable growth
Digital infrastructure: not the Achilles' heel but the jugular
As cyber threats intensify, digital infrastructure faces rising risks, demanding vigilant, multi-layered defences to ensure resilience for the future.
BUILDING SMARTER HIGHWAYS IN TELECOM'S NEW DIGITAL FRONTIER
Autonomous networks enable telcos to streamline operations, enhance services, and reduce costs, driving efficiency in a data-driven, hyperconnected world
Pre-zero data dreams: Are AI smartphones leading the way?
Artificial Intelligence can unlock personalised insights, ushering in a new era of data-driven experiences that anticipate user needs before they are expressed.
