Feb 2, 2018 - Budget 2018: Govt. Still Strong On Digital India; Allocates $480 Mn To Promote AI, ML, IoT

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk

BUDGET 2018: Roads see 20% Jump in Allocation

FM Arun Jaitley said the government is confident of completing construction of highways of over 9000 km this year.
Finance Minister (FM) Arun Jaitley, in his Budget speech on Thursday raised the allocation towards the construction of roads and highways from budgetary and extra-budgetary resources to Rs 5.97 lakh crore from an earlier estimate of Rs 4.94 lakh crore for the fiscal year 2017-18.

Industry players welcomed the move. Satish Parakh, MD & CEO of Ashoka Buildcon, said, "This jump of 20% in expenditure on roads will give road infrastructure companies a renewed boost in business opportunities. This will also create a lot of opportunity for job creation. Other tax benefits like 25% tax for businesses having turnover of less than Rs 250 crore will help our subcontractors and they can be more competitive." Read More

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How one piece of tech made online payments simple

India Business News: Rarely do you see a technology developed in India spawning a whole ecosystem. But that’s what has happened with the Unified Payments Interface (UPI) d

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Today's TradeBriefs Cartoon

WhatsApp CEO Chris Daniels to meet IT minister Ravi Shankar Prasad; spread of fake news, digital payments on agenda

With the government hardening its stand on fake and provocative content circulated on WhatsApp, top officials from the instant messaging app including chief executive officer (CEO) Chris Daniels have sought time from IT minister Ravi Shankar Prasad and the meeting is expected this week.

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Bitcoin investment scam: BitConnect promoter held

Divyesh Darji, who was India head of BitConnect, was arrested after he arrived in the national capital from Dubai

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Use social media with caution, Kerala CM Pinarayi Vijayan urges people

Vijayan said sending erroneous messages over the Internet will only cripple rescue operations at a time when agencies are fighting against all odds to save the “last person stranded” in the flood-ravaged state.

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Kickstarter’s focus is on engaging with creative people: Perry Chen

Kickstarter co-founder Perry Chen on the intersections of arts and technology

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Elon Musk says changing his way of working is not an option

Tesla CEO Elon Musk was responding to an open letter from Arianna Huffington accusing him of ‘demonstrating a wildly outdated, anti-scientific and horribly inefficient way of using human energy’

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Your friendly neighbourhood postman is about to become a banker

The government is planning to launch IPPB at a grand function in Delhis Talkatora stadium on August 21.

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US tech giants plan to fight India's data localisation plans

U.S trade groups, representing companies such as Amazon, American Express and Microsoft, have opposed India's push to store data locally.

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