Budget Reactions: More relief could have been given on IT, says CSS Corp

By Rameshkumar V, Chief Financial Officer Global, CSS Corp

This Budget sought to lay the foundation for the twelfth five year plan. This year there has been a fair balance on the moving variables front. While there have been significant initiatives taken for infrastructure and agriculture, there could have been more relief on the Income Tax & Service tax to balance the budget plan. There is a marginal increase in NHRM provision for healthcare which is a prerequisite in a county like ours and the focus on education is commendable. In terms of subsidies (fuel and basic amenities), it is being played to the gallery.

Though there is a thrust on infrastructure, agriculture, education and healthcare, there is less cheer to the IT industry and to the common man. We are hoping that this budget lays a foundation for the nation to become the India we envision in 2020.