#Budget2016: Post Budget 2016 reaction by Mr. Govind Rajan, Chief Operating Officer, FreeCharge

Fair price shops are lifeline of India, especially in tier 2 and beyond markets. Government’s proposal to automate 3 lakh Fair Price Shops is a great step towards the overall Digital India agenda. This will streamline the processes within these shops and will make it easier for consumers to make purchases. With the recent announcement by Government around waiving off surcharge and convenience fee, this move will further open up the scope for automation of payments at Fair Price Shops by embracing new forms of digital payments like wallets.  We are also excited to see Government’s push towards research & innovation and 80% discount on filing patent applications by start-ups will further see new home-grown innovations coming from start-ups. This will  not only  bolster the ‘Start-up India, Stand-Up India’ initiative but also create a great environment for tech innovation in  the country.

Technuter.com News Service

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