Technology Budget 2023: Government To Set Up 100 Labs To Develop 5G Services

Technology Budget 2023: Government to set up 100 labs to develop 5G services.

Union Finance Minister Nirmala Sitharaman announced during her budget speech for 2023-24 on Wednesday that the government will set up 100 laboratories to effectively develop 5G services.

The telecom area has been in the middle of cellular telephony disruption in India, which commenced with the rollout of 5G in October.

Technology Budget 2023: At present, 5G services are available in more than 50 cities in the country. The auction was held in August 2022.

In the 5G mega spectrum auction in August, Reliance Jio bagged a total of 24,740 MHz of 5G spectrum – 220 MHz in the 700 MHz band spread across 22 circles.

20 MHz withinside the 800 MHz band unfolds throughout 4 circles, 60 MHz throughout six circles, 2,440 MHz withinside the 1800 MHz band, and 22,000 MHz withinside the 26 GHz band roll out 22 circles.

Jio works on standalone 5G architecture.

The company claims that it has a standalone 5G architecture that does not depend on 4G networks at all.

The largest mix of 5G spectrum in the bands – 700 MHz, 3500 MHz, 26 GHz, and carrier aggregation, an advanced technology, which basically connects these 5G frequencies into a robust “data highway”.

Airtel was also not behind.

Airtel bagged 19,867.8 MHz of spectrum in the 5G auction by winning the 3.5 GHz and 26 GHz bands across India.

According to an earlier statement, the telecom firm has also paid Rs 24,333.7 crore out of its deferred spectrum liabilities last year.

Budget 2023: GST collection of more than Rs 1.55 billion in January, the second largest revenue with a 24% increase.

Good news came just one day before the announcement of the 2023 budget bill. According to data released by the Ministry of Finance, the second-largest collection of GST occurred in January.

The total GST collection until the evening of 31 January 2023 is Rs 1,55,922 crore, of which Rs 28,963 crore is CGST, Rs 36,730 crore is SGST and Rs 79,599 crore is IGST.

24% increase.

GST collections for the current fiscal year through January exceeded Rs 1.5 billion, a 24 percent increase over GST revenues received in the same period earlier this year.

At the same time, 1.68 million Crores of GST was the most collected in April 2022.

At the same time, Rs 768 crore was collected as a surcharge for the import of goods. The Ministry of Land, Infrastructure and Transport announced this via Twitter.