I T sector gives a big thumbs up to budge

Prashanth G J, CEO at TechnoBindunnamed
“The one thing that stood out in the Budget is the putting up of the Vision 2030. While┬áthere are no details available as yet in terms of the implementation of this vision the fact that the government is thinking long term is well appreciated.

The focus on the Digitisation will go a long way in improving the social and economic fabric of the country – be it creation of jobs, uplifting the lower end of the society reducing the income gap and many more. The announcing of the 5 Lakh Digital Villages is really welcome. It will go a long way to leverage the benefits of technology right up to the grass root level. Especially in a country like India which has always been challenged from a penetration of technology this will be a big boost.

Also, another good thing that we got from today’s budget is Income Tax returns being processed within 24 hours. While one needs to wait and watch in terms of the practicality of this but it’s a welcome move in the right direction.
Overall a pretty good budget!!”

Krishna Raj Sharma, Director & CEO at iValue InfoSolutionsunnamed11
“Despite being an election year, it’s good to see Government allocating money where its required – farmers, middle class families, pension scheme for unorganized sector, more allocation to health, education and defense.

Despite missing out on Fiscal deficit target for current as well as next fiscal, the FM took rating agency and investors in to confidence by explaining the need for supporting farmers which was well received as seen by the market reaction.

With GDP growth being upgraded, 0.1% to 0.2% slip of Fiscal deficit should be manageable. Good to see FM recognizing and rewarding honest tax paying middle class citizens with tax exemption up to 5L salary along with higher TDS.
Overall good interim budget sending the right signals.”

Rajendra Chitale, CFO at Crayon Software Experts India Private Limitedunnamed (1)
“It’s a budget with many sections of the society being the beneficiaries. It is specially a poor and middle class centric budget as it increases the money in these households. This can trigger consumption and lead to further growth. Phasing out human intervention in tax returns, verification and scrutiny is a good initiative which can help reduce corruption. Overall, it is a good budget.”

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