How does the Union Budget impact investors?

  1. Logistics
  • Digital Banking: In recent years, digital banking, digital payments and fintech innovations have grown at a rapid pace in the country. Government is continuously encouraging these sectors to ensure that the benefits of digital banking reach every nook and corner of the country in a consumer-friendly manner. Taking forward this agenda, and to mark 75 years of our independence, it is proposed to set up 75 Digital Banking Units (DBUs) in 75 districts of the country by Scheduled Commercial Banks.
  • Telecom: A ground-breaking announcement made by the government during its budget speech was that the spectrum auctions for laying down infrastructure for 5G will be conducted this financial year. This will facilitate the rollout of 5G mobile services within 2022–23 by private telecom providers. Additionally, key announcements were made to enhance infrastructure of mobile and internet services in rural and remote areas.
  • Digital Currency: The introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. A digital currency will also lead to a more efficient and cheaper currency management system. It is, therefore, proposed to introduce Digital Rupee, using blockchain and other technologies and will be issued by the RBI starting 2022–23.

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Windmill Capital

Windmill Capital

SEBI Registered Research Analyst | Simple & Transparent Products for DIY investors | Thematic and Quantamental Model Portfolios.