Budget 2019: Technology Highlights

Budget 2019: Technology Highlights
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Highlights

Check out the Technology Highlights of Budget 2019

 No charge on digital payments: MDR charges waived on cashless payment

 Interest subvention for up to Rs 2.5 lakh on purchase of the electric vehicle

 Apple Benefits: India to ease local sourcing norms for single-brand retail

 Bharat Net, which is targeting internet connectivity in local bodies in every Panchayat, to be speeded up under USOF (Universal Service Obligation Fund)

 Electronic Fundraising Platform, a social stock exchange, to be set up to list social enterprises and voluntary organizations working on social welfare objectives

 Improve the skills of our youth in technological areas such as Artificial Intelligence, Big Data, Robotics etc

 An exclusive TV channel proposed for start-ups under Doordarshan; the aim is to broadcast information in the industry

FM: 80 business incubators and 20 technology incubators to be set up in 2019-20 under ASPIRE (A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship)

 A National Education Policy with an aim to transform the country's higher education system

 A new public sector enterprise, New Space India Limited (NSIL) incorporated to tap benefits of ISRO

 Space research/satellite launches commerce to be streamlined via a new PSU

 FM proposes a new payment platform for MSME sector (MSME- Micro, Small and Medium Enterprises) Sector

 Way to $5 trillion economy: Heavy investment in infrastructure, digital economy and job creation

 FAME II scheme to encourage faster adoption of electric vehicles by offering incentives and charging infrastructure

 "One Nation, One Grid" for power to states at affordable rates

 National Common Mobility will enable people to pay transport charges across India. This card runs on RuPay card and allows users to pay bus charges, parking charges and more

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