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ARTICLE · 10 FEBRUARY 2023

JSA Prism Information Technology - Budget 2023: An Opportunity For The Tech Sector

JSA Advocates & Solicitors
JSA Advocates & Solicitors
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JSA Advocates & Solicitors

JSA Advocates & Solicitors

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The Government of India ("GoI") announced the Union Budget for the financial year 2023-24.

IndiaMedia, Telecoms, IT, Entertainment

The Government of India ("GoI") announced the Union Budget for the financial year 2023-24. The Finance Minister emphasised on a technology-driven and knowledge-based economy. The GoI seems committed to enhance the integration of technology in the various walks of economy.

The Budget proposes to strengthen the use of technology in the financial and agri-tech sectors, to develop market intelligence and improve services. Offering comfort to fintech players, the Finance Minister has announced continued fiscal support to the digital payments' public infrastructure. To meet the demand of the skilled work force, it has been announced that an 'unified skill India digital platform' will be set up to offer skilling, connecting the employers, and facilitating entrepreneurship schemes. Further, it is proposed that the PAN will be used as a common identify for all corporates in digital systems to enable ease of doing business. Overall, the budget 2023 gives an opportunity to the

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