Government allocates Rs 1.23 trillion for telecom and postal projects under Union Budget 2023

In the Union Budget 2023, the government has allocated Rs 1.23 trillion for telecom and postal projects, including Rs 975.79 billion for the Depart­ment of Telecommunications (DoT). It has raised the non-tax revenue collection estimate from the telecom sector by 30 per cent to Rs 894.69 billion. As per budget documents, Bharat Sanchar Nigam Limited will get a Rs 529.37 billion capital infusion. The government has also announced the setting up of 100 labs to develop applications using 5G services.