With the Union Budget slated for February 26th expectation from every sector is high. General expectation is to allocate funds for creating jobs and to invest in infrastructure. Infosys’ CEO and Managing Director, Kris Gopalakrishnan, told reporters at the Nasscom Summit, “the government should allocate funds for creating jobs in IT industry making sure that more people are benefited from the Budget.” He also said that there should be timelines for the implementation of policies such as GST.
He further commented that Government should rationalize the tax regime and other issues such as service tax refunds. On an industry level, Government should support small to medium sized enterprises by extending the STP scheme to them up to Rs. 100 crore. Kris Gopalakrishnan, also said processes should be simplified to help the industry on the whole.
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