New Delhi, Jan 8: The Union government might make a separate budgetary allocation for cyber security to address the problem of data breaches. A news report said that Finance Minister Arun Jaitley might allocate an overall budget for digitisation of Rs 20,000 crore– a significant part of the amount might go to secure networks from cyber attacks.
The government might allocate a separate fund for cyber security after the number of cyber crimes grew exponentially. The government is also wary of the prospects of data breaches in Aadhaar card system. (Also read: Budget 2018-19: Government May Announce Income Tax Benefits For Middle Class)
Around Rs 1500 crore might be divided between electronics and information technology departments for Indian Computer Emergency Response Team (CERTIn) and the counter-terrorism cyber cells of the home ministry. Funds could be given to various ministries to secure their networks. The IT ministry might get Rs 5,500 crore, which is significantly more than Rs 4,040 crore allocated last year.
After the allocation, the government will pressure states and agencies to complete pending digitisation projects. Budget will be revealed on February 1.
The Central government may offer benefits to middle class taxpayers in the upcoming budget, which will be its last before 2019 general elections. Reports said that the government has already begun discussions on a package; however, nothing will be announced before weighing the cost of tax breaks on the exchequer. The benefits may include an increase in tax exemption limit and additional exemption under Section 80 C.