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BUDGET QUOTEs: “Budget 2010 is the first budget after the global crisis. Overall the budget was well balanced and responsible. Various projects and schemes announced by the government will see increased role of Information Technology as an enabler towards more inclusive growth. The Union Finance Minister has also given us a clear direction on the roadmap for GST with a definite date for implementation i.e. April, 2011. I am sure that the various measures announced today will go a long way to ensure proper focus on taking core sectors like education, healthcare, social security, rural development, national security and banking to the grass root levels. Further to this, deduction on In-House Research and Development (R&D) has been increased to 200% from 150%, which will definitely help put back focus on R&D. Going forward IT will play an important role in driving these nation building initiatives across sectors.” Mr. Ajai Chowdhry, CEO and Chairman HCL Infosystems Limited
“Increased thrust in key areas like primary education, health, infrastructure, rural development, and financial inclusion would fuel broad-based growth and development. Enhanced focus on SEZs to drive growth and employment and clarity on the tax regime is welcome. This would aid recovery for the IT industry. Social transformation and technology enabled governance will gain momentum and this is good news for the country.” S Mahalingam, CFO, Tata Consultancy Services
Flip Side by Santulan Chaubey
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