Vaishnaw says first ‘Made in India’ chip to be rolled out this year
Union Minister Ashwini Vaishnaw said the first ‘Made in India’ chip will be rolled out this year.
In a significant change amid digitalisation, Finance Minister Nirmala Sitharaman this year unveiled a ‘Made in India’ tablet replacing the traditional briefcase before presenting Budget 2021.
With the move aimed at a paperless Budget, now ‘bahi khata’ (a ledger wrapped in a red cloth) has been completely removed from this year — a move to reinforce Prime Minister Narendra Modi’s ambitious ‘Digital India’ mission.
Advertisement
In 1947, India’s first Finance Minister R. K. Shanmukham Chetty carried a leather portfolio to present the first Budget.
Advertisement
In January, the Central government also launched ‘Union Budget Mobile App’ on the occasion of the Halwa ceremony to enable MPs and people to access Budget documents digitally.
It was launched as no budget papers will be printed this year in the wake of the Covid-19 pandemic.
Sitharaman, who will present the Budget for the third time, is expected to lift and give an impetus to the Indian economy that has been battered due to the pandemic and subsequent lockdown.
The Budget comes at a time when India has been battling with the Covid-19 pandemic and the economy is reeling under the aftereffects of the lockdown.
Sitharaman will present the Budget at 11 a.m. in the Lok Sabha. This is in a series of three-four mini Budgets presented during last year considering the pandemic. This would be Sitharaman’s third Budget under the National Democratic Alliance (NDA) government led by Prime Minister Narendra Modi.
At the beginning of the joint session of Parliament on Friday, Prime Minister Narendra Modi had also said that the Finance Minister had already announced 3-4 mini Budgets and that the 2021-22 Budget would be historic.
It is expected that the Budget will help in the revival by various sectors like agriculture, infrastructure, healthcare, rural economy and MSMEs sectors that faced the worst impact of the Covid-19 pandemic and lockdown restrictions.
Advertisement
Related posts
India’s aviation sector will pave the way for ‘Made in India civil aircraft’ in future: PM Modi
Pointing out that there has been an unprecedented growth and transformation in India's aviation sector in the past decade, Prime Minister Narendra Modi Monday said the ecosystem will pave the way for 'Made in India civil aircraft' in the future.
Chhattisgarh FM presents state’s maiden digital budget
The estimated budget for the fiscal year 2024-25 is ₹1,47,500 crore, marking a 22 per cent increase compared to the previous year's budget of ₹1,21,501 crore.
