Budget 2008

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Budget: Indirect impetus to IT industry
The emphasis on education in general and science and technology in particular is helpful, because over the long run, it will address the supply side issues



"Railway budget was more exciting"
Corporate tax was touched, which is a big letdown and for the technology sector there are no sops



Not much sops, sobs ITeS sector
Major expectations was extension of the STPI regime beyond 2009



Big opportunity for IT in domestic market
S Mahalingam, chief financial officer and executive director, Tata Consultancy Services, comments on the Budget



Budget 2008: The rub-off effect
How do the so many sops announced for non-IT sectors affect the IT industry, here’s a quick check



Manufacturing sector frowns at Budget
Minimal impact on consumer electronic prices



Budget leaves channels unhappy
Reduction in excise duty from 16 to 14 per cent has been welcomed by the partners



Mixed reaction from IT industry to Budget
The budget has not been positive for the IT industry



IT industry lauds govt on knowledge society
Thrust given to the education sector is viewed as a move in right direction



Nasscom digs at non-inclusion of STPI in budget
'STPI is extremely critical for small enterprises and the BPO industry'



12 p.c. excise duty on packaged software
Chidambaram brings customised software under the service tax net



Indian IT industry lauds Union Budget
‘Common Service Centres and State Wide Area Networks will play a major role in taking the benefit of IT to masses’



Budget neutral for IT, really?
At times saying nothing is a statement in itself and FM seemed to follow the rule for IT with Budget 2008



IT industry to benefit in the long run
The overall thrust given in the budget to education and knowledge sectors will surely be beneficial for the IT industry



Budget: Focus on education, agriculture
More outlay for sectors like education and health



Mixed reaction from Indian Inc to Union Budget
There is a feeling that all sectors should have been given their due



Budget: Thrust on education, social sectors
A closer look at the Union Budget 2008



Will FM extend STPI benefits?
Union Finance minister P Chidambaram will present his seventh Budget today



Make PC more affordable
SI demands standardization of Central Sales Tax and distributors want a break from grey market



No populist budget please: NRIs
NRI entrepreneurs feel that the government shouldn’t go for a populist budget aimed at wooing the voters



'Help budding companies to become Infosys'
STPI-like schemes should be extended to small and medium companies



Emulate Taipei model in India
The Taipei model of creating 'Electronics Villages' to boost electronics manufacturing processes should be emulated here



Railways bank on technology in budget
Aims at radical changes in IT applications with focus on operational efficiency, transparency in working and better services to customers



Budget: Online control of trains by 2009
Railways have made a profit of Rs 25000 crore in the previous year



Govt to focus on IT hardware manufacturing
‘Inclusive society,’ and 9 per cent GDP growth is possible,says Pratibha Devisingh Patil



Rail Budget to be presented today
It will be a populist one and IT is likely to get more thrust



Will it be a populist budget?
It's almost sure that the forthcoming budget will be a populist one as 2009 is the election year. India Inc, however, is keeping its fingers crossed



Change education system in synch with IT
The graduates and the teachers today lack the required skills and this issue needs to be addressed by the government at policy level



'Scrap taxes on computers, laptops'
Tax holidays on equipment and services will help Internet usage grow



'Enable companies to tide over crisis'
The budget should include measures to help IT companies tide over the current crises



IT industry unlikely to get special sops
It will be a populist budget with a focus on agriculture, manufacturing and infrastructure, and the IT sector may not get any special attention



Will Finance Minister strike the right balance?
One needs to wait to see whether the FM will strike a right balance between populism and economic growth



Cut down indirect taxes, says Mohandas Pai
T V Mohandas Pai, Member of the board Infosys, says extension of tax benefits is essential for the growth of the industry



Better guidelines should replace STPIs
IT Industry experts voice their expectations ahead of the Union budget



'Subsidies rob firms of creative fighting muscle'
FBT on ESOPs will cannibalize SMEs, says Pratul Shroff, president and CEO of eInfochips Ltd, a prominent player in the ASIC Design and Embedded Systems space



Give IT industry a chance to fulfill dreams
Ask the IT industry to directly set aside funds it would have paid in taxes and to sponsor projects that help raise the human potential of India, with special emphasis on inclusive growth



Maintain equilibrium rate: MAIT
Any change in the cost structure would harm somebody, says Vinnie Mehta



Techies demand more attention for IT
Majority of the employees are mainly concerned about the salary slab under tax



Nasscom seeks extension of STP scheme
Also calls for broadening of LTU scheme in its pre-budget memorandum to the government



ESOPs should be excluded from FBT
For the employees to reap the benefits of their contribution




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