The budget speech introduces several initiatives that indirectly support the Artificial Intelligence (AI) sector, though it does not outline a dedicated AI policy. Here’s a breakdown of the key provisions: Key AI-Related Initiatives Centre of Excellence in AI for Education: A ₹500 crore allocation will fund a Centre of Excellence in AI for education, aimed…
The budget speech introduces several income tax reforms aimed at relieving the middle class, simplifying procedures, and encouraging voluntary compliance. Below are the key highlights: Personal Income Tax Reforms A new income tax regime with revised slabs and lower tax rates to reduce the burden on the middle class. No income tax on income up…
The budget speech details a range of initiatives and financial support aimed at key sectors of the Indian economy, with a strong focus on agriculture, MSMEs, and infrastructure development—identified as the “four engines” of growth. Various industries will benefit from targeted programs and dedicated financial allocations to drive economic progress. Agriculture and Allied Sectors Agriculture…