Telecommunication
• Spectrum auctions to be conducted in 2022, expected rollout of 5G mobile services within 2022-23
• Contracts for laying optical fibre in villages, remote areas, to be awarded under the Bharatnet project through PPP in 2022-23. Completion expected in 2025.
• Allocation of 5 per cent of annual collections under the USOF to enable affordable broadband and mobile service proliferation in rural and remote areas
• New Scheme for design-led manufacturing to build a strong ecosystem for 5G as part of the PLI Scheme.
• Data Centres to be given Infrastructure Status to boost sector financing
Automotive
• Focus on battery swapping technology with the Battery as a Service policy as an alternative to setting up charging stations in urban areas
• Promoting shift to use of public transport in urban areas, clean tech and governance solutions, special mobility zones with zero fossil-fuel policy, and EV vehicles
• Rs 20,000 crore investment in Infrastructure and 25,000 km expansion of National Highways to create demand for new vehicles in the CV space
• Opening up defence R&D to private players promising for auto component development
Financial Services
• Gain on transfer of virtual digital assets taxable at the rate of 30 percent without any deduction or set off and carry forward of loss. TDS @ 1% introduced on purchase of digital asset above specified threshold
• An International Arbitration Centre to be set up in the GIFT City for timely settlement of disputes under international jurisprudence.
• "Digital Rupee” to be issued by the Reserve Bank of India starting from 2022-23
• Proposal to set up 75 Digital Banking Units in 75 districts of the country by Scheduled Commercial Banks
Industrial Manufacturing
• Increased emphasis on Gati Shakti Plan for expansion of expressways to connect remote areas of the country with manufacturing hubs and development of cargo terminals
• Announcement of increased Capex will boost the Infrastructure and Manufacturing sector
• Sunset date to commence manufacturing/ production extended to 31.03.2014 to be eligible for lower corporate tax rate of 15%
• Rs 19,500 crore outlay to boost manufacturing of solar modules under the PLI Scheme
Pharma and Life Sciences
• ‘Genomics and Pharmaceuticals’ one of the sunrise opportunities eligible for government support by way of supportive policies, light-touch regulations, facilitative actions to build domestic capacities and promotion of R&D.
• Roll out of National Digital Health Ecosystem - digital registries of health providers and health facilities, unique health identity, consent framework and universal access to health facilities.
• Launch of a ‘National Tele Mental Health Programme’ for better access to quality mental health counselling and care
Disclaimer: The data have been provided by EY. Neither EY nor Business Standard is liable for any action taken on the basis of this data
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