Impetus for Infrastructure Development...
On the face of it, the budget is positive and focuses on inclusive development, feels Naresh Wadhwa, president and country manager of Cisco - India and Saarc
"It is encouraging, especially the fact that there is a thrust on infrastructure development, rural development, education and social welfare. The impetus to infrastructure development both urban and rural - is a highly visible and much welcome component of this budget," he said.
Welcoming the government s move to leverage technology as a tool for accountability, better governance, in business and administration, Wadhwa said the allocation of funds for e-governance investment schemes like the unique identity number for every Indian and the formation of a Centralized Processing Centre (CPC) in Bengaluru to process electronically-filed tax returns will enable effective delivery of public services through public-private partnerships.
Wadhwa also hailed the proposal to increase budgetary provision for the scheme ‘Mission in Education through ICT’.
The aam aadmi, i.e. the individual taxpayer, will definitely appreciate the abolition of Fringe Benefit Tax and raised exemption limit for Income Tax, he said.
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