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Budget 2014: What the industry feels

The much awaited event that is the announcement of the Union Budget has taken place. The Finance minister Arun Jaitely’s budget seems like a mixed bag. There are concessions and also hike in the taxes to be imposed. In order to give a boast to domestic electronic manufacturing sector, he has imposed some taxes on imports telecom and IT products. He has introduced basic customs duty (BCD) of 10% in imports of specified telecommunication products, which don’t come in the purview of the technology element. He also proposed exemption of all inputs/components used in the manufacture of personal computers from 4% special additional duty (SAD)” and “Impose education cess on imported electronic products to provide parity between domestically produced goods and imported goods.

Budget 2014

The industry has mixed feelings about the 2014 budget. Some feel that it will further the growth and development process, while others believe that it will adversely affect the growth cycle of the industry.

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Heena Gupta

A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

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