Business Daily from THE HINDU group of publications
Tuesday, Mar 04, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Mar 04, 2008 ePaper | Mobile/PDA Version |
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Info-Tech
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Budget Industry & Economy - Employment Will badly hit employment generation in IT sector The contribution of the IT industry to the buoyant Indian economy did not ‘deserve’ excise enhancement on packaged software and imposition of service tax on custom software. The non-extension of tax holiday under STPI scheme in the Budget proposals for 2008-09 will badly affect employment generation in the IT sector On the positive side, increased allocation on education sector by 20 per cent and health sector by 15 per cent is highly appreciated from the socia l perspective. The inclusions such as setting up of new IITs and 16 Central universities, new scholarships for scientific study and research, allocation of Rs 100 crore to IT ministry to set up knowledge network, all national institutions to be networked on knowledge network will definitely help in increasing the number talent pool for IT/ITES sector. Naveen Gupta, Vice-President – Finance,
GlobalLogic Inc.
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