Tech Budget 2022: 5G auction, Digital Rupee confirmed for 2022-23

Tech Budget 2022: Finance Minister Nirmala Sitharaman has taken the wraps off the Union Budget 2022-23. In the midst of vast budget across all industries, the technology sector also got a lot of attention.  5G auctions are happening this year, confirms the Finance Minister. Here’s what you will experience from the tech sector this year. 

Budget 2022 updates for Technology sector

5G auction to be held in 2022-23

The Finance Minister has confirmed auction of 5G airwaves in the financial year 2022-23. All private sector network operators will be able to participate in the auction this year. Scheme for design led manufacturing in 5G will be launched as part of PLI scheme, said the FM.

e-Passports with embedded chip

The government will rollout e-Passports with embedded chip technology, announced the Finance Minister. The contracts for laying optical fiber in all villages will be awarded under the Bharat Net project.

Optical Fiber connectivity

Government announces 100 percent Optical Fiber connectivity network across the country, including villages.

Digital Currency based on Blockchain

Digital Rupee to introduced by the Reserve Bank of India, relying on Blockchain technology.