Budget Reactions – Kamal Gulati, Atempo
Kamal Gulati, Head India Operations, Atempo shares his post Union Budget 2011 reactions with CXOtoday.com
No clarification / change on applicable dual (VAT & Service) tax on IT software products sold in India is disappointing, which means double burden on this area which already has lot of piracy ( which does not get anybody any revenue) and strong scope of growth. April’12 would get this standardization done which is good. Plan of the National Knowledge Network to connect 1500 institutions of higher learning and research through optical fiber backbone by March 2012 is real fantastic, and should bring more innovation through knowledge sharing.
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