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It is a positive budget for IT industry as a whole. The expected extension of tax break for IT hasn’t happened. I believe that is not such a bad thing. The industry was fairly reconciled to the idea that it is mature enough and it is high time they started paying taxes.

The one long-term positive we see is the 20 per cent increase in allocation for education because the biggest challenge for IT industry is the lack of quality resources.

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‘Cost of SIDBI’s refinance will come down’

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