Today Finance Minister Nirmala Sitharaman announced Budget 2022
E-Passport would be rolled out from next year. The E-passport going to use embedded chips and futuristic Technology, Finance Minister said.
"PM Gati Shakti will encompass the seven engines for multi-modal connectivity for the states with speedier implementation of development projects through technology to facilitate faster movement of people and goods."
metro systems design including civil structures will be reoriented and standardized for Indian conditions and needs. The minister said the purpose of this project would be to improve connectivity and convenience for commuters and promote tourism
"To promote a shift to the use of public transport in urban areas...special mobility zones with zero fossil fuel policy will be introduced...Considering space constraints in urban areas, a 'Battery Swapping Policy' will be brought in said FM Nirmala Sitharaman
"1,208 lakh MT of wheat and paddy is from 163 lakh farmers. 2.37 lakh crores will be the direct payment of Minimum Support (MSP) value to their accounts." Finance Minister Nirmala Sitharaman
Rs 2.37 lakh crore for buying crops under minimum support price
"PM Gati Shakti will encompass the seven engines for multi-modal connectivity for the states with speedier implementation of development projects through technology to facilitate faster movement of people and goods through Rs 20,000 crore financed by the government to speed up this project." Nirmala Sitharaman, Finance Minister
Rs 20,000 crore to be mobilised with innovative ways of financing
Around 68% of the capital procurement budget for Defence to be earmarked for domestic industry to promote Aatmanirbhar Bharat and reduce dependence on imports of defence equipment, Nirmala Sitharaman said in her Budget speech
68% capital for defense purchases will be for domestic sector
"Taking forward this agenda, and to mark 75 years of Independence, it's proposed to set up 75 digital banking units in 75 districts of the country by scheduled commercial banks. The financial support for digital payment ecosystem - announced in the previous budget - will continue in 2022-23 as well," she said.
75 digital banking units in 75 districts by scheduled commercial banks
"The introduction of central bank digital currency will give a big boost to the digital economy. Digital currency will also be a more cheaper and efficient currency management system," Ms Sitharaman said today
Digital rupee using blockchain to be issued by RBI