Sorry Mr Jaitley, your Budget 2015 has left the IT industry in the lurch
Arun Jaitley came up with some concrete announcements this time, but still left many unanswered questions. For instance, there was no clarity on the Budget 2014’s key announcements such as Rs 10,000 crore startup fund and smart cities.
Budget 2015: Mixed bag for Indian IT industry
Keeping PCs out of the excise duty structure similar to tablets will demotivate the existing manufacturing facilities that have been operating in India for long, says MAIT.
Budget 2015 hits IT industry, fails to address key issues: NASSCOM
Budget 2015 does cover some part of these priorities. However, some concerns remain and we would urge the government to address these issues on priority."
Budget 2015: Slew of proposals to boost Digital India programme
Experts feel the initiative to provide broadband connectivity to 2.5 lakh gram panchayats by December next year is a ‘transformative step’ taken by the government to connect rural citizens in information-dark areas of India.
Budget 2015: 'Higher service tax may lead to rise in pirated software in the country', says Microsoft
Many of the announcements made in previous budget, which were geared to minimize/resolve transfer pricing litigation are yet to be implemented.
Budget 2015: Balanced, but nothing significant for electronics sector, says IESA
IESA urge the government to look at the critical demands from the ESDM sector like Deemed export status for ITA1 products, Setting up of Electronics Commission, Extension of MSIPs scheme for 5 years....
'Pragmatic, growth-oriented, and SME-friendly budget', says Gartner
Along the same lines, the nod to the ‘start-up ecosystem’ in the country is a major positive. This is the first time such language has made its way into the budget...
Budget 2015: FM proposes reduction in duties to promote 'Make in India'
Excise duty is restructured on certain goods such as wafers for use in the manufacture of integrated circuit (IC) modules for smart cards from 12 percent to 6 percent...
Budget 2015: Tech startups get Rs 1,000 crore boost; SETU to be set up
SETU will be a Techno-Financial, Incubation and Facilitation Programme to support all aspects of start up businesses, and other self-employment activities, particularly in technology-driven areas.
Budget 2015: FM proposes comprehensive Bankruptcy Code to promote entrepreneurship
"Bankruptcy law reform, that brings about legal certainty and speed, has been identified as a key priority for improving the ease of doing business," he said in the Budget 2015-16 presented to Parliament.
Budget 2015: AP becomes first state to execute NOFN on its own
Andhra Pradesh had proposed to deliver broadband connection with 10-15 mbps download speed to each 12 million households for Rs 150/month that are planned to be covered under state designed project.
Budget 2015: Govt to set aside for Rs 1000 cr fund for tech start-ups, entrepreneurs
Finance Minister Arun Jaitley today announced Rs 1,000 crore for promotion of start-ups and entrepreneurs particularly in the technology sector.
Economic Survey: India home to 3,100 startups, ranks 4th in the world
Recognizing the need for greater penetration of IT Services domestically, the Survey notes that the Government’s ‘Make in India’ mission has included IT and BPM among the 25 focus sectors.
'Budget 2015 has to be about action on the ground'
Sanchit Vir Gogia, Chief Analyst, Greyhound Research says that announcements made in Budget 2014 have remained mere aspirations.
If Budget 2015 isn't game changer, nothing will move further: MAIT chief
Anwar Shirpurwala, Executive Director of India's apex body of IT hardware manufacturers, MAIT, explains how India has a big opportunity in ICT manufacturing and how Budget 2015 can meet them.
Budget 2015: Here’s what IT industry wants from you, Mr. Jaitley
the Indian IT industry has pinned hopes on the Modi government to push reforms and policies that will bring stability to the sector and maximize growth.
Budget 2015: Rational tax policy will help put India on investors radar, says Acer
Burdensome procedures and costs for BIS certifications which are duplication of efforts and in addition impacting timely market launches should also be done away with immediately.
Budget 2015: Integrating IT within India’s growth story
Though, the Government has aptly recognized skill development as an engine for economic growth, the industry expects that weighted tax break be extended to the IT/ITeS sector, to incentivise training and skill development.
Budget 2015: Relief from double taxation on software a must
The government in its upcoming budget must ensure a simplified tax regime to relieve the burden of exorbitant taxes on this account.