Mission Karamyogi providing learning opportunities to govt employees: Nirmala Sitharam in Union Budget speech
New Delhi: While enunciating the government’s vision of providing a transparent and accountable administration which works for the betterment and welfare of the common citizen, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the Union Budget 2023-24 in Parliament on Wednesday.

The Finance Minister highlighted ‘Unleasing the Potential’ as one of the important component of the seven priorities i.e ‘Saptarishi’, guiding the nation through Amrit Kaal.
Mission Karamyogi
“Under Mission Karmayogi, Centre, States and Union Territories are making and implementing capacity-building plans for civil servants.”, the Finance Minister said while highlighting the government’s initiative of iGOT Karamyogi for providing a learning opportunity to lakhs of government employees to upgrade their skills.
Promoting Trust-based governance
Sitharaman mentioned that 39,000 compliances have been reduced and more than
3,400 legal provisions have been decriminalized for enhancing ease of doing business. The Jan Vishwas Bill to amend 42 Central Acts has also been introduced by the government.
Finance Minister proposed a series of measures to ‘unleash the potential of economy’.
Centres of Excellence for Artificial Intelligence
For realizing the vision of “Make AI in India and Make AI work for India”, three Centres of Excellence for Artificial Intelligence have been proposed to be set-up in top educational institutions. Finance Minister announced that leading industry players will partner in conducting interdisciplinary research, develop cutting-edge applications and scalable problem solutions in various fields such as agriculture, health, and sustainable cities, thereby galvanizing an effective AI ecosystem and nurture quality human resources.
National Data Governance Policy
To unleash innovation and research by start-ups and academia, a National Data Governance Policy has also been proposed to enable access to anonymized data.
Digital Solutions for India
The KYC process will be simplified adopting a ‘risk-based’ instead of ‘one size fits all’ approach. Finance Minister announced that the financial sector regulators will also be encouraged to have a KYC system fully amenable to meet the needs of Digital India.
Finance Minister also proposed establishment of a one stop solution for reconciliation and updating of identity and address of individuals maintained by various government agencies, regulators and regulated entities, using DigiLocker service and Aadhaar as foundational identity.
Ease of Doing Business
Finance Minister announced that for the business establishments required to have a Permanent Account Number (PAN), PAN will be used as the common identifier for all digital systems of specified government agencies, which will be facilitated through a legal mandate.
A system of ‘Unified Filing Process’ has also been proposed for obviating the need for separate submission of same information to different government agencies. “Such filing of information or return in simplified forms on a common portal, will be shared with other agencies as per filer’s choice,” she added.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles

CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.

JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.

LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).

De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News

PM Modi to unveil ₹62,000 crore youth-centric initiatives tomorrow; big push for education, jobs

'Will erase from map if terror continues': Army Chief’s stern warning to Pakistan

'Accept by Sunday 6 pm or all hell will break loose': Donald Trump issues ultimatum to Hamas

Massive hunt in different locations going on to nab 4 remaining jail breakers, SP
