Uplifting Technology: Indian Government Promises 6275 Crores
Bangalore: With monthly phone bills on a rise and mobile phone parts being exempted from basic customs duty in 2013, Finance Minister P Chidambaram listed the changes and new proposals added to Budget 2013. Here is a list of proposals (with inputs from IANS and TOI) as stated by him that may predict changes in the tech industry.
6275 crores proposed to ministry of science and technology
Budget 2013: Education cess to continue at 3 percent
Budget 2013: Import duties risen on mobile phones worth 2000 and above.
Budget 2013: 532 crores allocated for IT Modernization project of post offering core banking services.
5880 crores proposed to the Department of Atomic Energy
FM says that Indian Institute of Biotechnology to be set up in Ranchi
Semi conductor industry given boost with zero customs duty on import of plant and machinery
Top 5 Nifty gainers: Wipro’s shares up by 1.58 percent
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