comscore Union Budget 2017-18: 10 tech-related announcements made by Finance Minister Arun Jaitley
News

Union Budget 2017-18: 10 tech-related announcements made by Finance Minister Arun Jaitley

Union Budget 2017 Highlights: From focus on making India a hub for electronic manufacturing to announcing new digital payment schemes, here are some of the important announcements made by FM today.

arun-jaitely-image

Focus on digitization, strong push towards developing infrastructure and bringing rural India to the forefront these were the key elements in Arun Jaitley s Union Budget 2017-18 tabled in the Parliament today. The budget follows the demonetization drive that already has shaken up the country s economy. However, in Jaitley s words, Effects of demonization are not expected to spill over the next year. With a projected growth in GDP and a more digitally-connected nation, here are some of the key takeaways from the budget and what it means for the Indian economy steering towards achieving digital growth: Also Read - India may soon announce its own ‘Atmanirbhar’ app store as alternative to Google, Apple

Also Read - Lava Pay launched as mobile payment solution for feature phones: Here is how it works without internet

1. Online booking of rail tickets to cost cheaper Also Read - FASTag is now free until February 29, NHAI waves off charges for 15 days

In a historic move, the Railway Budget has been merged in the General Union Budget and that has also brought in some good news for travelers. In his budget speech, Jaitely announced that there will be no service tax on digital rail bookings done through IRCTC- the online ticketing portal of Indian Railways. In wake of demonetization, the government had already withdrawn service tax on tickets booked through the portal until December 31. However, in a bid to push digital payments, the service taxes will now stand null.

It is worth noting that the earlier railways charged Rs 20 as service tax on Sleeper Class and Rs 40 on AC Classes for booking tickets through IRCTC. These charges will no longer be levied, following the latest announcement.

Additionally, the finance minister revealed that cashless rail reservation had gone up from 58 per cent to 68 per cent following the ban on old higher currency notes.

2. Optical Fibre rollout and Digital Village

Furthering the government s drive to bring more connectivity to remote regions, Jaitley proposed optic-fibre based internet connectivity across 1.5 lakh gram panchayats across the country. He added that the government has already laid down optical fibre across 150,000 km in the country, and Rs 10,000 crore has been allocated for BharatNet program in the next fiscal.

The ongoing BharatNet phase I aims to connect 100,000 gram panchayats by March this year, and the next phase is expected to begin from mid-2017 running all the way up to September 2018. The Phase II will seek to connect 150,000 gram panchayats and, for the first time, through a public-private partnership.

Additionally, a new initiative called DigiGaon has also been proposed. Targeted at villages, the initiative aims to provide tele-medicine, education, and skills, through the use of digital technology. ALSO READ: Union Budget 2017-18: Rail tickets booked online via IRCTC to get cheaper

3. Manufacturing in India

India is currently the sixth largest manufacturing country in the world and is soon evolving as an engine of global growth. With the latest announcement, the technology industry is set to witness a further boost. Jaitley announced that the government is creating an ecosystem to make India a global hub for electronics manufacturing. To realize the aim, Jaitley announced an increase in budget allocation of schemes like mSIPS and EDFs to Rs 745 crores in 2017-18.

4. New digital payment for senior citizens

A new digital pension distribution system has been announced by Jaitley, under which retired defence personnel will have easier access to their funds. Additionally, for senior citizens the government will introduce Aadhaar-based smart cards that will contain health information on the citizens. ALSO READ: Union Budget 2017-18: Government launches bonus, cashback schemes for BHIM app users

5. Cybersecurity

In light of the increased push towards a digital economy, there comes a need to secure the infrastructure against emerging cyber threats. To tackle this, the government will set up a dedicated Computer Emergency Response Team (CERT) for the financial sector. The CERT team, which is a team of computer experts and computer scientists to help secure government s online presence, will link regulators such as SEBI and RBI to further boost the move towards digitization. It is expected that this will allow finance technology companies more opportunities in the financial sector.

6. Aadhaar Pay

Soon, a new Aadhaar based payment system will be launched. The system has been detailed by the government earlier and is currently under pilot in Andhra Pradesh. Using biometrics, the system is targeted at people living in rural regions who are not digitally literate enough to use debit cards or other modes of digital transactions.

7. BHIM App

Following demonetization, the government introduced a common UPI app called BHIM. The app has reached 1.25 crore users until now and Jaitley announced two new schemes to further facilitate cashless transactions. The BHIM app will be soon updated with two new schemes which will benefit both individual users and merchants. The new schemes include a bonus scheme which will benefit the users, and a cashback scheme that will be targeted at benefitting merchants. To widen use of BHIM app, the government will take additional steps to help promote setting up of digital payment systems at petrol pumps, fertiliser depots, municipalities, block offices, road transport offices, universities, colleges, hospitals and other institutions.

8. Digital Education

During his budget speech, Jaitley proposed Swayam, an online education platform, or Massive Open Online Course (MOOC) that would help people to build skills and gain employment. Aimed at offering virtual education, this platform will offer up to 350 online courses which will be made accessible also through Direct-To-Home (DTH) channels. ALSO READ: Union Budget 2017: Arun Jaitley proposes using space technology to track MGNREGA assets

9. Seamless banking

The Finance Minister said that in the coming year, the government aims to provide core banking support for cooperative banks, in order to create seamless banking in the country. In order to do that, Jaitley suggested roping in companies like Infosys, TCS, and FIS to sell core-banking software. In addition to that he also proposed new payment banks and small banks in the country, for smoother and easier transaction.

10. Changes in Metro policy

In yet another attempt at bringing more jobs at home, the government will be announcing a new metro rail policy. Under the new policy, changes will be introduced including standardization and indigenization of hardware and software that will help generate more jobs.

BONUS VIDEO: How to use the BHIM (Bharat Interface for Money) Android App for UPI payments

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: February 1, 2017 2:42 PM IST



new arrivals in india

Infinix Note 10 Pro
Infinix Note 10 Pro

16,999

Infinix Note 10
Infinix Note 10

10,999

Vivo Y73
Vivo Y73

20,990

OnePlus Nord CE 5G
OnePlus Nord CE 5G

22,999

iQOO Z3
iQOO Z3

19,990

Realme C25s
Realme C25s

9,999

Poco M3 Pro 5G
Poco M3 Pro 5G

13,999

Realme X7 Max 5G
Realme X7 Max 5G

26,999

Oppo F19
Oppo F19

18,990

Motorola Moto G40 Fusion
Motorola Moto G40 Fusion

13,999

POCO M2 Reloaded
POCO M2 Reloaded

9,499

OPPO A74 5G
OPPO A74 5G

17,990

Oppo A53s 5G
Oppo A53s 5G

14,990

Vivo V21 5G
Vivo V21 5G

29,990

Realme C25
Realme C25

9,499

Realme C21
Realme C21

7,999

Realme C20
Realme C20

6,799

Motorola Moto G60
Motorola Moto G60

17,999

iQOO 7
iQOO 7

31,990

Samsung Galaxy M42 5G
Samsung Galaxy M42 5G

21,999

Xiaomi Mi 11 Ultra
Xiaomi Mi 11 Ultra

69,999

Xiaomi Mi 11X Pro 5G
Xiaomi Mi 11X Pro 5G

39,999

Xiaomi Mi 11X
Xiaomi Mi 11X

29,999

Realme 8 5G
Realme 8 5G

13,999

Samsung Galaxy F02s
Samsung Galaxy F02s

8,999

Samsung Galaxy F12
Samsung Galaxy F12

10,999

POCO X3 Pro
POCO X3 Pro

18,999

Realme 8 Pro
Realme 8 Pro

17,999

Realme 8
Realme 8

14,999

Vivo X60 Pro Plus
Vivo X60 Pro Plus

69,990

Vivo X60 Pro
Vivo X60 Pro

49,990

Vivo X60
Vivo X60

37,990

OnePlus 9 Pro 5G
OnePlus 9 Pro 5G

64,999

OnePlus 9R 5G
OnePlus 9R 5G

39,999

OnePlus 9 5G
OnePlus 9 5G

49,999

Samsung Galaxy A72
Samsung Galaxy A72

34,999

Samsung Galaxy A52
Samsung Galaxy A52

26,499

Micromax In 1
Micromax In 1

10,499

Asus ROG Phone 5
Asus ROG Phone 5

49,999

Samsung Galaxy M12
Samsung Galaxy M12

10,999

Motorola Moto G30
Motorola Moto G30

10,999

Motorola Moto G10 Power
Motorola Moto G10 Power

9,999

Oppo F19 Pro Plus 5G
Oppo F19 Pro Plus 5G

25,990

Oppo F19 Pro
Oppo F19 Pro

21,490

Xiaomi Redmi Note 10 Pro Max
Xiaomi Redmi Note 10 Pro Max

18,999

Xiaomi Redmi Note 10 Pro
Xiaomi Redmi Note 10 Pro

15,999

Xiaomi Redmi Note 10
Xiaomi Redmi Note 10

11,999

Realme Narzo 30A
Realme Narzo 30A

8,999

Realme Narzo 30 Pro
Realme Narzo 30 Pro

16,999

Infinix Smart 5
Infinix Smart 5

7,199

Samsung Galaxy F62
Samsung Galaxy F62

23,999

Samsung Galaxy A12
Samsung Galaxy A12

12,999

Nokia 5.4
Nokia 5.4

13,999

Nokia 3.4
Nokia 3.4

11,999

Realme X7 Pro 5G
Realme X7 Pro 5G

29,999

Realme X7
Realme X7

19,999

Vivo Y31
Vivo Y31

16,490

Oppo Reno5 Pro 5G
Oppo Reno5 Pro 5G

35,990

Samsung Galaxy S21 Ultra 5G
Samsung Galaxy S21 Ultra 5G

1,05,999

Samsung Galaxy S21 Plus 5G
Samsung Galaxy S21 Plus 5G

81,999

Samsung Galaxy S21 5G
Samsung Galaxy S21 5G

69,999

Vivo Y12s
Vivo Y12s

9,990

Vivo Y51A
Vivo Y51A

17,990

Samsung Galaxy M02s
Samsung Galaxy M02s

8,999

Xiaomi Mi 10i
Xiaomi Mi 10i

21,999

Oppo A15s
Oppo A15s

11,490

Tecno Spark 6 Go
Tecno Spark 6 Go

8,499

Vivo V20 2021
Vivo V20 2021

24,990

Vivo Y20A
Vivo Y20A

11,490

Xiaomi Redmi 9 Power
Xiaomi Redmi 9 Power

11,999

Motorola Moto G9 Power
Motorola Moto G9 Power

11,999

Motorola Moto G 5G
Motorola Moto G 5G

20,999

Vivo V20 Pro
Vivo V20 Pro

29,990

Xiaomi Mi 10T
Xiaomi Mi 10T

35,999

Xiaomi Redmi 9i
Xiaomi Redmi 9i

8,299

Xiaomi Mi 10T Pro
Xiaomi Mi 10T Pro

39,999

Infinix Hot 10
Infinix Hot 10

9,999

Vivo V20 SE
Vivo V20 SE

20,990

Vivo V20
Vivo V20

24,990

Micromax In 1b
Micromax In 1b

6,999

Micromax In Note 1
Micromax In Note 1

10,999

OnePlus 8T
OnePlus 8T

42,999

Samsung Galaxy F41
Samsung Galaxy F41

15,499

Apple iPhone 12 Pro Max
Apple iPhone 12 Pro Max

1,29,900

Apple iPhone 12 Pro
Apple iPhone 12 Pro

1,19,900

Apple iPhone 12 Mini
Apple iPhone 12 Mini

69,900

Apple iPhone 12
Apple iPhone 12

79,900

Poco X3
Poco X3

16,999

Realme Narzo 20A
Realme Narzo 20A

8,499

Realme Narzo 20
Realme Narzo 20

10,499

Realme Narzo 20 Pro
Realme Narzo 20 Pro

13,999

Oppo F17
Oppo F17

16,990

Samsung Galaxy M51
Samsung Galaxy M51

22,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Best Sellers