Moneycontrol PRO
HomeNewsTechnologyService Tax Hike To Put Pressure On Enterprise IT Spend

Service Tax Hike To Put Pressure On Enterprise IT Spend

Whether on the personal front or the impact on IT within their enterprises, the dominating reaction from CIOs is one of disappointment over a lukewarm budget.

March 16, 2012 / 21:50 IST

A budget that fails to excite was perhaps the last thing that India Inc. needed at a time of marred economic growth sentiment. While it’s not too bad to be average and play safe, but then don’t expect a thumbs up, is a message that has been clearly conveyed by most businesses across sectors, and more so by the IT industry that feels sorely ignored. Not forgetting that this was the year when the Finance Minister could have taken some bold initiatives because assembly elections are over and general elections are two years away.

Click here for full story

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

first published: Mar 16, 2012 09:42 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347