Here’s What the 2016 Budget May Look Like

In an interview to the state broadcaster DD News, Economic Affairs Secretary Shaktikanta Das said that the upcoming Budget will be growth-oriented.

This implicitly signals that the Budget will address the investment crisis of the economy, suggests a Livemint report.

Das has revealed in the interview that the schemes like Make In India, Digital India, Start-up India, Stand-up India, and Skill Mission will be the focus of the Budget.

The state broadcaster published a series of interviews with the key office-holders in the Finance Ministry.

According to the report, Jayant Sinha, Finance Minister of State, has said that the poverty eradication, farmers’ prosperity, job creation and a better quality of life for all Indian citizens will be the four pillars of the Budget.

Continue reading

What Startups Want From Budget 2016?

Mr. K. Balakrishnan, MD & CEO, Servion Global Solutions

 “In this past year, the government has driven several new initiatives such as Start-up India and Make-In-India.  The IT and Electronics industry can play a key role in the success of these initiatives and the government should continue to focus on them by providing the necessary incentives, legal/tax framework and infrastructure support. This can provide a boost to the investment towards innovations, thereby creating a vibrant start-up community and new manufacturing investments. The government should also increase investments in improving broadband connectivity as this could have multiplier effect on the overall economy.  With further emphasis on Digital India and e-governance, we also look forward to a more digitally rich interaction between the government and consumers, with improved IT infrastructure and increased technology adoption in the country.” Continue reading