Quick News Bit

Government to Simplify KYC Process With National Data Governance Policy

0

The government will bring a National Data Governance policy, which will simplify the KYC process while anonymising individual data, Finance Minister Nirmala Sitharaman said on Wednesday. Presenting the Union Budget 2023-24, Sitharaman said three centres of excellence for artificial intelligence would be set up in top educational institutions.

The government would also create Urban Infrastructure Development Fund on the lines of Rural Infrastructure Development Fund to be managed by NHB (National Housing Bank).

The finance minister also said to enhance ease of doing business, more than 39,000 compliances have been reduced and over 3,400 legal provisions decriminalised.

During the Union Budget speech in the House, FM Nirmala Sitharaman announced seven priorities of the Budget. These seven priorities are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.

Some of the important highlights announced today included an agriculture accelerator fund that will be set up to help agriculture startups in the country and the government has announced to raise farm credit target to Rs. 20 lakh crore.

The FM also announced PM Vishwa Karma Kaushal Samman which will be a package of assistance for traditional artisans and craftsmen. The government said it would improve quality, scale, and scale of its products, which will integrate these entrepreneurs with MSME value chain.


Affiliate links may be automatically generated – see our ethics statement for details.

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Nothing Ear 2 Renders Leak Again, May Feature Personalised Active Noise Cancellation: Report

Featured video of the day

iQoo 11 vs OnePlus 10T: The Battle of the Snapdragon Powerhouses

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment