Budget 2019: Govt plans to set up 1 lakh digital villages in 5 years
Presenting the interim Budget on Friday, Piyush Goyal said the cost of data in India is now possibly the lowest in the world
Published - 01-February-2019
Giving further impetus to its Digital India mission, the government in its Union Budget floated the concept of digital villages.
Presenting the interim Budget on Friday, interim finance minister Piyush Goyal said the government plans to set up 1 lakh digital villages in the next five years. These villages will be set up by Common Service Centres (CSCs).
Goyal further said India has done very well in the delivery of mobile data services and the cost of data in India is now possibly the lowest in the world.
Some of the other highlights of the Budget are:
- A national centre for Artificial Intelligence (AI) is under consideration. Along with that a national AI portal will be developed soon.
- Businesses with less than Rs 5 crore annual turnover, comprising over 90% of GST payers, will be allowed to file quarterly returns
- Indian Customs to fully digitised exim transactions and leverage RFID for logistic
- Duties on 36 capital goods abolished
A single window clearance will be made available to filmmakers, anti-camcording provision to also to be introduced in Cinematography Act to fight piracy
Building digital India one of the nine priority sectors for government
No tax for those whose taxable income is less than Rs 5 lakh
Standard deduction increased to Rs 50,000 from Rs 40,000 for salaried class
Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities