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Uplifting Technology: Indian Government Promises 6275 Crores

By SiliconIndia  |   Thursday, 28 February 2013, 05:55 Hrs
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Uplifting Technology: Indian Government promises Rs. 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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