DIGILOCKER BUDGET 2023
Entity DigiLocker for businesses close to being operationalised: Interim Budget 2024
According to the Ministry of Micro, Small and Medium Enterprises, the Entity Locker Service will allow company directors or MSME proprietors to create an Entity DigiLocker account.
Budget recap: Tax tweaks and other key policy changes FM Nirmala Sitharaman made last year
Budget 2024: There is significant interest around the coming budget, despite the fact that it is going to be an interim budget. Last year's announcements, including the ones on income tax, could give an idea of what this budget might bring.
Govt platform coming up for auto-updating docs via Aadhaar; Good Glamm hikes stake in The Moms Co
The government is developing a platform to help citizens who store their documents in DigiLocker to auto-update their address and other demographic details across departments through Aadhaar, officials told ET. This and more in today’s edition of ETtech Morning Dispatch.
Budget 2023: Blockbuster formula for inclusive growth
Transparent taxation, simplified documentation, and inclusive finance were the three pillars of the budgetary reforms. To further these efforts, the finance minister will take a consultative approach towards framing regulations. Here is a glimpse of some of the crucial proposals for individuals:
DigiLocker FAQs: Can you make change to account details, what type of files can be uploaded, can NRIs use
The DigiLocker website lists a few key FAQs that you should be aware of both before and after uploading your documents.
Budget: Balancing growth priorities with fiscal consolidation
The thrust laid on capital expenditure with an increase in outlay by over 33% to ₹10 lakh crore will enable India to continue its growth momentum and enhance resilience in the face of global headwinds.
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Budget Highlights 2023: Nirmala Sitharaman announces big booster for taxpayers, railways, job creation & capex
Budget Highlights 2023: Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023. In the last full-fledged Budget before the general elections next year, Sitharaman said that the Indian economy is on the right path and heading towards a bright future. This Budget is the first in Amrit Kaal, FM said.
ETtech Explainer: what are the Budget proposals to expand DigiLocker's scope?
A crucial part of the IndiaStack, the DigiLocker was launched in 2015 as a platform for storage, sharing and verification of documents for individuals and organisations.
Big tech’s cloud business under stress & other big stories this week
Even as the cloud gets darker, there’s a silver lining. The runaway success of OpenAI’s ChatGPT, and the follow-up play by others in the space, could set off the next boom for cloud computing revenues.
Five transformative strategies Budget has taken note of based on trends that will shape India
The world is now looking at India. Our development trajectory can be one the world looks to. Focusing on these five trends can set India on a sustained, inclusive and high-growth path. Our path can become a model for the world.
View: Budget 2023 touched every nook and corner of India’s economy
The reduction in personal I-T rates has brought a smile on everyone's lips, which will, in turn, lead to greater consumption and also savings, both of which augur well for the economy.
Budget 2023: Economic good, political good
It has stayed course on fiscal consolidation. The increases in expenditures and reductions in revenues, forced by the pandemic, has left India with elevated fiscal deficits and debt-to-GDP ratio. The latter now stands at about 84%, up from pre-pandemic 70% that itself was considered excessively high.
Union Budget 2023: Decriminalisation proposal can make investors gung-ho about doing business
States should now take a cue from the FM's budget announcements and accelerate initiatives at their respective levels, say industry observers.
Budget growth-oriented, underscores role of digital, tech in development: Nasscom
India is walking the talk on becoming a global digital economy, enhancing competitive advantage with focus and investments across key intervention areas.
Saptarishi to Amrit Kaal: Budget 2023 decoded
The seven priorities were inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.
Budget 2023 will promote green growth, says renewable industry
Here’s what leaders and experts have said about Budget 2023 provisions for the sector.
Budget 2023 | Entity DigiLocker to cut costs, enable seamless finance access to underserved population: industry
Launched in 2015, DigiLocker is a secure cloud based platform for storage, sharing and verification of documents and certificates. So far, 145.95 million users have used DigiLocker and 5.62 billion documents have been stored and issued.
Budget 2023 Special
Union Finance Minister Nirmala Sitharaman on Wednesday announced a slew of measures to support the tech and startup ecosystem during Budget 2023. These include tax benefits for startups, higher allocation for IT ministry, extension of scope of DigiLocker, among other things. We’ve got you covered in this packed edition of the ETtech Morning Dispatch.
Budget 2023: Perfect balance between short and long term
Enhancing opportunities for private investment in infrastructure, providing relief to MSMEs, reducing compliances and decriminalisation of legal provisions will further crowd-in private investment. A common business identifier, an entity DigiLocker and a unified filing process as proposed will help reduce the cost of compliance for businesses.
Budget 2023 | DigiLocker 2.0 to simplify digital ID processes for all
In her budget speech for 2023-24, Finance Minister Nirmala Sitharaman announced that the KYC process would be simplified by adopting a ‘risk-based’ approach rather than a ‘one-size-fits-all’ approach.
Budget 2023: fiscal support for digital payments ecosystem to continue
Highlighting achievements of the Union government since 2014, she added that the economy has clocked 7,400 crore digital payments worth Rs 126 lakh crore through unified payments interface (UPI) infrastructure in 2022.
Budget 2023: key takeaways for India's tech and startup industry
Finance Minister Nirmala Sitharaman presented the last full Budget of the Narendra Modi-led government on Wednesday. The government announced several measures for the technology and startup sector such as extending the date of incorporation of startups for Income Tax benefits, increasing the allocation to the IT ministry by 40% to Rs 16,549 crore, an accelerator fund for agritech startups, and exemption of customs duty on manufacturing of lithium-ion cells, among others
Nirmala Sitharaman Budget 2023 Speech: Here is the full text
This Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous and inclusive India, in which the fruits of development reach all regions and citizens, especially our youth, women, farmers, OBCs, Scheduled Castes and Scheduled Tribes, FM said.
Soon, you will be able to update address, identity proof easily via DigiLocker, says Budget 2023
DigiLocker and Aadhaar will be used as a one-stop solution addressing KYC needs, Finance Minister Nirmala Sitharaman said in the Budget 2023 speech.
What’s in the Budget for MSMEs? Here’s a quick guide
Budget 2023 lays down a slew of measures to boost growth and provide support to the entire MSME community. Here are the key takeaways.
Budget 2023: Key takeaways for tech, startups from Nirmala Sitharaman's speech
The FM said the government's vision for the 'Amrit Kaal' includes a technology-driven and knowledge-based economy, with strong public finances and a robust financial sector.
Ease of doing business: Union Budget 2023-24 makes PAN the common identifier for businesses
Currently, enterprises are required to obtain multiple identities (PF, ESIC, PAN, CIN, TAN, etc.) issued by various central and state government departments. This has created a situation wherein there is no single source of reference for building corporate compliance and risk profiles.
Boost for fintech innovation: Govt to expand scope of Digilocker, set up AI centers, streamline KYC, says FM
Sitharaman said a one-stop solution would be introduced for reconciliation and updating of identity and address of individuals maintained by various government agencies, regulators and regulated entities will be established using DigiLocker and Aadhaar.
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