Post-budget 2018 Reaction Mr. Ravinder Rana, Vice President & Country General Manager, Concentrix

India is clearly moving towards a health revolution and Union Budget 2018-19 is a testimony to that. The new flagship National Health Protection Scheme, providing a health insurance cover of ₹5 lakh a family per annum, covering 10 crore vulnerable families, is a major push to healthcare in India. The Union budget for 2018-19 is also crucial for the BPM, as well as the IT sectors. As India consolidates its position in the global market, the requirement for skilled workers/youth is very critical today. We are glad that enough and new employment opportunities will be created that will promote and empower India’s youth for the future. Moreover, as also highlighted in the recently released Economic Survey 2018, it is reassuring to know that the government of India is emphasizing on the need to create good jobs for the female workforce of the country, and is showing commitment and solidarity towards women’s empowerment and equal rights. This aligns with our own continuous initiatives to promote gender equality by enabling, engaging, and empowering our female staff to accelerate growth of their careers. Also, the government’s decision to reduce the Employees’ Provident Fund (EPF) contribution from 12 to 8 per cent for women will ensure more take-home salary for women employees, thereby increasing their spending power. News Service

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