Government policies, leadership stories and much more
India plans to introduce digital passports later this year as part of its efforts to improve security and make international travel smoother. The e-passports come with embedded microchips and futuristic technology, including AI (artificial intelligence), that will make immigration clearance a breeze at border posts worldwide.
The administration proposed on Tuesday to repeal the existing law governing special economic zones (SEZs) and replace it with a new law that would allow states to collaborate on the “Development of Enterprise and Service Hubs.” The current SEZ Act was passed in 2006 with the goal of establishing export hubs and increasing manufacturing in the country. However, with the enforcement of a minimal alternate tax and the adoption of a sunset clause for the removal of tax benefits, these zones began to lose their lustre. In purposes of customs regulations, these zones are treated as foreign entities.
The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman while presenting the Union Budget in Parliament on Tuesday.
The Finance Minister said, India is celebrating Azadi ka Amrit Mahotsav and it has entered into Amrit Kaal, the 25-year-long leadup to India@100, the government aims to attain the vision of Prime Minister outlined in his Independence Day address
PM GatiShakti is a transformative approach for economic growth and sustainable development. The approach is driven by seven engines, namely, Roads, Railways, Airports, Ports, Mass Transport, Waterways, and Logistics Infrastructure. While presenting the Union Budget 2022-23 in Parliament on Tuesday the Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman said all seven engines will pull forward the economy in unison.
Digital currency will also lead to a more efficient and cheaper currency management system, the Minister stated. The Digital Currency will use block chain and other technologies.
The Indian Space Research Organisation’s (Isro) National Remote Sensing Centre (NRSC) has identified and mapped more than 1,300 islands and submitted the report to the government, which is expected to use the information for holistic planning and development, including putting in place infrastructure for strategic reasons.
Under the able leadership of the Prime Minister, PM- Gati Shakti is a great initiative to make India a superpower of the world, with the prowess of best infrastructure. In the earlier governments, there was no determination about the formulation and implementation of developmental schemes, but now the picture has changed, he added.
ite the epidemic, President Ram Nath Kovind stated on Monday that the country’s farm output and procurement grew during the 2020-21 crop year, and agricultural exports hit a new high of Rs 3,00,000 crore (US$ 40.19 billion).
Security Printing and Minting Corporation of India Limited (SPMCIL) under its modernization initiatives has set up New Bank Note Printing Lines each at Currency Note Press, Nashik and Bank Note Press, Dewas.
