Budget Expectations from Mr. Arshad Majeed, Executive Vice President (Global Delivery), Xavient Information Systems

"All eyes are on the Budget 2016-17 this February. One of the very obvious expectation that is taking the rounds is initiated by Prime Minister's idea of creating more jobs and we hear that the benefits to the employers would be in the form of tax exemption. Some reduction in corporate tax this year would be a welcome step by the industry. A detailed road map and greater funds allocation is anticipated for the Smart City Initiative. The hopes ride high for this year's budget and we believe the focus to be on digital literacy, improved connectivity and access to technology. The Digital India initiative is something to look forward to and budget support in this regard is highly expected for encouraging more startups. And since we operate in the NSEZ, we definitely await the removal of MAT from the SEZ's, that has been long due."

Source : Equity Bulls

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