• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Full credit to the Finance Minister in balancing various competing requirements and making some bold announcements that benefits the important sectors of education, health and agriculture. We welcome the increased allocation to education sector and expect this to have a positive result for us as a company. In the same context we welcome the setting up of one lakh rural information centres, allocations for SWAN and the State data centres. It is an acknowledgment of IT as a leveraging force for economic development. We would have preferred the continuation of 4 per cent Special additional Duty, which in any case is to be refunded subject to some laborious documentation. The MRP-related CVD payment has pushed up IT hardware cost by 4-7 per cent. Excise on operating system has been increased from 8 per cent to 12 per cent. Though some relief has been indicated on cenvat and duties for some hardware items, there are no clear details on these. We wish the budget had taken steps to reduce IT hardware cost to make it more affordable.

S. Rajendran , CMO, Acer India

Stories in this Section
‘Cost of SIDBI’s refinance will come down’

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line