Balanced budget by Jaitley: Microsoft India head
Telangana | Written by : Suryaa Desk
Hyderabad, Feb 1 : Finance Minister Arun Jaitley presented a balanced budget, underlined by the continued push to using technology to aid a digital economy, said Microsoft India President Anant Maheshwari.He believes the budget's focus on extending market relevant training for the youth and setting up 100 international skill centres across the country is a positive move.The emphasis on science and technology for students and launch of SWAYAM would further empower India's youth for the future, he said.
Maheshwari welcomed the increasing focus on cybersecurity, which is critical to securing the economy's digital transformation.The reduction of corporate tax for MSMEs is a welcome move and will boost the economic growth, he added.Suman Reddy, MD, Pegasystems India, also feels it is a well-balanced budget. "The budget has been set to positively impact the general public as well as the business community through economic reforms to accelerate growth and promote investment," he said.
"As expected, the budget reflects the government's strong stance to tackle our tax non-compliant society and eliminate black money," he added. "The government's approach to provide relief and promote digital economy among individuals as well as companies through lowering of tax slabs, provision of exemptions, reduction of customs duty and capping of cash transactions; is a definite change we can all look forward to," Reddy said.V. Rajanna, Vice President and Regional Head, TCS Ltd, termed the budget positive and reformative.
"Stressing domestic demand, higher public expenditure and formalization of the economy, it activates key growth drivers for the economy within a challenging global environment," said Rajanna, also the vice chairman of Confederation of India Industry's Telangana unit."Overall, the budget builds positive sentiments among Indian industry and overseas investors that the government would remain on the path of fiscal prudence while taking all possible measures to boost growth," she added.