The News Caravan

Tag: crores

  • Budget 2023: Rs 1002 crores allocated for issuing e-passports

    Budget 2023: Rs 1002 crores allocated for issuing e-passports

    [ad_1]

    India improves global passport rank, now stands at 83rd position

    Jeddah: With a significant budgetary allocation for the second phase of the Passport Seva Programme (PSP-V2.0) , the Ministry of External Affairs is preparing to roll-out digital passports.

    Rs. 1,002.78 crore was made in 2023-24 for enhancing Passport services specifically issuing e-passports and e-Migrate for technological upscaling of services to an increasing number of workers going out of the country, issuing online Emigration Clearance (EC), and fostering end-to-end links between workers, foreign employers and clearance systems to improve working environment for Indian workers in abroad in general and gulf countries in particular.

    The new feature under the PSP-V2.0 will be the replacement of traditional passport with digital one to make it more secure and ensure smooth passage through immigration posts globally.

    The e-Passport will be embedded with a chip that contains personal details of the holder including biographical information.

    Government is determined to open a Seva Kendra in every Lok Sabha constituency — where there is no Passport Seva Kendra (PSK) or Post Office Passport Seva Kendra (POPSK).

    There are 93 PSKs, 429 POPSKs and 36 Passport Offices are operational in addition to more than 176 Indian missions abroad. These all were connected through Global Passport Seva Prgamme (GPS) to provide seamless delivery of passport services to India Diaspora.

    The Tata Consultancy Services (TCS), India’s largest IT services firm, has won the PSP project that valued about Rs. 8000 crores according to some news reports.

    India is top amongst nations whose citizens are living abroad with 32 million Non-Resident Indians. Hyderabad Regional passport office stands third in India for its services.

    Subscribe us on The Siasat Daily - Google News

    [ad_2]
    #Budget #crores #allocated #issuing #epassports

    ( With inputs from www.siasat.com )

  • IITs get major boost of Rs 9600 crores in Union Budget 2023, Rs 8k crores allocated to grants – TheNewsCaravan Newspaper

    IITs get major boost of Rs 9600 crores in Union Budget 2023, Rs 8k crores allocated to grants – TheNewsCaravan Newspaper

    [ad_1]

    Indian Institutes of Technology, IIT has got a major boost with the unveiling of the Union Budget 2023. As per the Budget 2023, IIT has received a total outlay of around Rs 9,600 crores. Out of this, around Rs 8,000 crores have been allocated to the institutes as grants.

    Ministry of Education has a total outlay of Rs 1.13 lakh crores approximately. Out of these, the Department of Higher Education has received a total of Rs 44,094.62 crores. Under the outlay for the Higher Education Department, the budget for IIT stands at Rs 9,661.50 crores.

    IITs get major boost of Rs 9600 crores in Union Budget 2023, Rs 8k crores allocated to grants 1

    Grants to IITRs. 8791.50 crores
    Interest under HEFA loanRs. 270 crores
    Repayment of Principal of HEFA LoanRs. 300 crores
    Total support to IITRs. 9361.50 crores
    IIT Hyderabad (EAP)Rs. 300 crores
    Total OutlayRs. 9661.50 crores

    As mentioned, the majority of the funds allocated to IIT are towards the grants allocated to support the leading engineering and technology institutes. A total of Rs. 8791.50 crores have been allocated just to grants.

    What will these funds be used for?

    With IITs getting a major boost in funds, questions arise as to where these funds will go and how would they be utilised. It is expected that the budget allocated to IIT would likely work towards promotion and support towards enhancing Research and Development at these institutes.

    During her speech, Finance Minister Nirmala Sitharaman also shared details regarding the Lab Grown Diamonds scheme, which would be given to one IIT over a period of five years. Hence, the boost in funds is expected to be directly in relation with growth of R&D.

    Another way these funds could be utilised would be to promote engineering and technical education amongst India and abroad. The government has revealed plans to set up IITs abroad in countries such as United Arab Emirates, Malaysia and Jamaica.

    While they remain one of the top institutes, IITs tend to be short staffed. Hence, the funds are also expected to be used for recruitment of teachers and professors at IITs across India.

    Union Budget 2023 was presented on February 1, 2023 by Finance Minister Nirmala Sitharaman in the Lok Sabha. Under this new budget for ‘Amrit Kaal’, Education has received the maximum outlay.

    [ad_2]
    #IITs #major #boost #crores #Union #Budget #crores #allocated #grants #TheNewsCaravan #Newspaper

    ( With inputs from : www.TheNewsCaravan.com )