National news Highlights of Union Budget for 2022-23 01 Feb 2022 New Update BY A STAFF REPORTER *To facilitate use of surety bonds in govt procurement *Required spectrum auctions to be held in 2022 *5G tech can enable growth, job opportunities *To set up panel to promote audio visual, gaming sector *Required 5G spectrum auctions to be held in 2022 *SEZ Act to be replaced with new law *To provide affordable broadband, mobile svcs in rural areas *To give contract to lay optic fibre for all villages via PPP *To award optical fibre contracts in all villages in PPP mode *Committed to cutting import in defence equipment * New SEZ Act to promote optimal use of infra *To complete laying optic fibre for all villages by 2025 *Govt committed to reduce defence equipment imports *Defence R&D to be opened up for start-ups, academia *To set up umbrella body for defence equipment certification *68% of defence capex to be earmarked for domestic cos FY23 *25% of defence budget to be used on research, development *Climate change risks strongest externality *Propose several new actions to mitigate climate change *Need mindful usage of resources Source : Eureka Please register at https://kyc.eurekasecurities.net/home/index/729 for opening Trading and Demat Account. india Nirmala Sitaraman parlament Business budget FINANACE MINISTER INION BUDGET Read More Read the Next Article