Budget 2018: “Customs duty on import of mobile phone parts will be increased to 20 percent from the existing 15 percent. This will boost jobs in the smartphone sector in India,” Jaitley said in his Union Budget 2018 speech.
Budget 2018, announced by FM Arun Jaitley puts spotlight on the cyber technologies, and focuses on creating centres of excellence for emerging technologies such as AI, machine learning, Internet of Things (IoT), big data, and blockchain
Budget 2018 announcement concluded with mixed reactions by various industries where the fintech sector appeared buoyed by the measures announced for the Digital India programme. The sum of Rs 3,073 crore will enable many fintech startups to boost their businesses, potentially translating into benefits for Indian consumers.
Budget 2018: Finance Minister Arun Jaitley today announced Rs 10,000-crore outlay for the 2018-19 fiscal on expansion of telecom infrastructure under various government projects in the country. “I have provided Rs 10,000 crore in 2018-19 for creation and augmentation of this telecom infrastructure,” Jaitley said in his Union Budget 2018 speech while referring to work done under government’s Bharat Net project.
Budget 2018 brought a sad face on the faces of the mobile phone manufacturers that are assembling mobile phones in India. The customs duty on the imported electronic components has been hiked to 20 percent, up from 15 percent that was spiked in December last year
Budgetr 2018 has brought a lot of announcements with it where the digitisation process in India will be boosted. FM Arun Jaitley announced that 1 lakh gram panchayats will be connected via optical fibres, 5 lakh public Wi-Fi hotspots in the country, and more
Budget 2018 will decide the track of digitisation in the country for the next financial year. The digitised sector of India saw a staggering hike in the cashless payments last year when the government announced multiple initiatives under the Digital India programme
Budget 2018: The year 2017 was great for the Indian fintech industry in terms of a positive policy environment, new technologies and innovation. The government so far has taken tremendous efforts to promote future digital penetration but there is still much more ground to be covered in order for this wave of Digital India to be sustained during the Budget 2018.
Budget 2018 will prove to be a test for the government whether it will be able to finally appease the fintech industry this time, which has been demanding a better regulatory policy, reduction in corporate tax, and inclusion in Mudra scheme
Budget 2018 will see Digital India as the prime component where Finance Minister Arun Jaitley will announce several concessions and rebates to boost the digitisation process in the country. MobiKwik CEO, Bipin Preet Singh believes these six points should bring that about.
Budget 2018 will see a bunch of announcements centred around the Digital India programme that will bring the feature phone users facilities to connect themselves to the Internet. Alongside, the ‘Make in India’ programme will also be a key highlight
Budget 2018 will highlight the ‘Make in India’ programme alongside the ‘Digital India’ programme. The view within the industry, however, is that there is a tough balance that FM Arun Jaitley will have to strike in his plans to encourage local manufacturing in India.
Budget 2018: Over the last year and a half, India has witnessed the implementation of one of the most revolutionary policy reforms with the introduction of the Goods & Services Tax (GST) regime and the 2016 demonetization initiative.
Budget 2018: Fintech and digital payment companies are betting big on the upcoming Union Budget and have many expectations from FM Arun Jaitley, particularly in view of the Modi government’s digitisation drive.