[ad_1]
Finance Minister Nirmala Sitharaman on Thursday asked the industry to be a leader in technology. He said that the government will facilitate things in this matter. Citing the example of the software industry, he said the sector started on its own and the government came later. In a post-Budget interaction with members of industry body FICCI, Sitharaman said the industry should look at its own potential and then come up with the points on which it wants the government to facilitate, instead of saying whether the government will facilitate it. doing something about it?
software industry started work
He said, how did the software industry start functioning in the country? Did he wait for Sarkar? No. They kept on moving and the government saw that it could not sit and watch and came out with favorable policies for them. Sitharaman said, I want industries to come forward in the field of renewable energy as well as rare metals. She assured the industry that the government would actively consider their suggestions on various issues. With regard to the utilization of capital expenditure, the Finance Minister said that the government would monitor it on a regular basis.
Budget allocation increased on infrastructure
He expressed confidence that the states will also utilize the fund for infrastructure development. He said that the Center has allocated Rs 1.3 lakh crore in 2023-24 to the states. This is 30 percent more than the current financial year. Most of the funds that have been allocated to the states are unconditional. In the budget speech on Wednesday, Sitharaman announced a 33 per cent increase in capital expenditure on infrastructure development to Rs 10 lakh crore. This is 3.3 percent of the GDP.
[ad_2]
Source link