Budget 2015: ‘A visionary budget’

As the Union Budget 2015-2016 was rolled out The DQ Week tried to know what the IT industry thinks about the Modi government’s idea of growth. V.P. Mahendru, chairman and MD, EON Electric shared his opinion on the same.

“This is an excellent growth budget, for raising internal financial resources without burden on the lower income group citizens of the country, and for creating jobs for young educated people of India and thus creating millions of jobs for the lower income groups too.  It can be termed as a visionary budget which lays the road map for achieving long-term goals of raising funds for Infrastructure and Industrial growth. The exception from SAD and reduction in the excise duty of LED drivers and MCPCB for LED lights, fixtures and LED lamps is a clarion call to boost domestic LED Lighting and Electronics Industry. We are also enthused by the reduction in corporate tax and MAT as it will encourage corporate operations.  Clarity and re-assurance in effective implementation of GST by the beginning of 2016 is indeed very encouraging and reassuring step. "