May 03, 2025 04:52 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pahalgam attack: Supreme Court stays deportation of PoK-born man, his family with Indian passports | Cops charge OTT show's host Ajaz Khan, producer Rajkymar Pandey over 'sex positions' viral clip | 7.4 magnitude earthquake strikes off coast of Chile and Argentina, tsunami warning issued | PM Modi inaugurates Vizhinjam International Seaport in Kerala worth Rs. 8,800 crore | 'Many will get their sleep disturbed': Modi's veiled jibe at Congress over Shashi Tharoor, Pinarayi Vijayan's presence at Kerala event | Kashmir: Pakistani soldiers violate ceasefire for 8th consecutive night along LoC | Hope India's response to Pahalgam attack doesn't lead to broader regional conflict: JD Vance | Pahalgam attack: JD Vance says US hopes Pakistan will cooperate with India in hunting down terrorists | Shashi Tharoor welcomes PM Modi in Kerala, takes dig at 'dysfunctional' Delhi airport over flight delays | Air India will see a $600 million loss with Pakistan banning its airspace after Pahalgam attack: Report
5G
Image: Pixabay

Union Budget: Manufacturing scheme proposed to build strong ecosystem for 5G

| @indiablooms | Feb 01, 2022, at 09:22 pm

The Union Budget 2022-23 seeks to  lay the foundation and give a blueprint to steer the economy over the Amrit Kaal of the next 25 years – from India at 75 to India at 100.

While presenting the Union Budget, Finance and Corporate Affairs Minister Nirmala Sitharaman said, “It continues to build on the vision drawn in the Budget of 2021- 22. Its fundamental tenets, which included transparency of financial statement and fiscal position, reflect the government’s intent, strengths, and challenges.”

The Government aims to attain the vision of promoting digital economy & fintech, technology enabled development by achieving certain goals during the Amrit Kaal.

Telecom Sector:

Union Budget 2022-23 has proposed to launch a scheme for design-led manufacturing to build a strong ecosystem for 5G as part of the Production Linked Incentive (PLI) Scheme.

The Union Finance Minister has stated that the Productivity Linked Incentive in 14 sectors for achieving the vision of AtmaNirbhar Bharat has received excellent response, with potential to create 60 lakh new jobs, and an additional production of Rs 30 lakh crore during next 5 years.

Nirmala Sitharaman highlighted that the telecommunication in general, and 5G technology in particular, can enable growth and offer job opportunities.

Required spectrum auctions will be conducted in 2022 to facilitate rollout of 5G mobile services within 2022- 23 by private telecom providers.

Further, in order to enable affordable broadband and mobile service proliferation in rural and remote areas, the Budget has proposed to allocate five per cent of annual collections under the Universal Service Obligation Fund (USOF).

This will promote R&D and commercialization of technologies and solutions.

To bring access to e-services, communication facilities, and digital resources in all villages in par with the access of same in urban areas, the Union Budget has announced that the contracts for laying optical fibre in all villages, including remote areas, will be awarded under the Bharatnet project through PPP in 2022-23.

Completion is expected in 2025. Measures will be taken to enable better and more efficient use of the optical fibre.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu