Experts say 2016 budget could help entrepreneurs and tech sector
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Finance Minister On Budget 2016:
“Arun Jaitley has kind of looked at everything- from the irrigation spend to the bank’s balance sheets which have been stressed for some time now. That’s not all. He has also gone beyond that to encourage
-Sunil Kant Munjal, Chairman, Hero Corporate Service Limited
On how Digital India policies feature in the Budget:
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“The good part about the policies for Digital India is all weaved into the overall plan. It is not standing out separately and it shouldn’t. It should be an absolute integral part of the growth plan which it has become. I love the fact that the government is committed to scale digital literacy mission to 6 crore rural households. And, you know the way technology is being used to reach out to the rural sector- that’s a right thing to do.”
-Debjani Ghosh, Managing Director-Sales and Marketing,
On taxes
“The only area in which some people may object to is the fact that in the top end, he’s raised some of the taxes. I would imagine that if he wanted to stick to the number crunch, he’s also stuck to the
-Sunil Kant Munjal, Chairman, Hero Corporate Service Limited
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On ease of doing business:
“It is too early to comment whether the budget will help in ease of doing business or not. We will have to go through the details to figure that out. But I think the intent was there in lot of the initiatives mentioned for example- tech enabled procurement, tech-enabled governance and some good initiatives have come out. The focus however has to be how these can be executed and how quickly.”
-Debjani Ghosh, Managing Director-Sales and Marketing, South Asia, Intel Techno logy India Private Limited
On how the auto market will be affected:
Even though the top-end luxury cars are a small part of the auto market, any increase in cost in today’s market when the economy is slow will affect the market.
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-Sunil Kant Munjal, Chairman, Hero Corporate Service Limited
(Image credits: Indiatimes)
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