Post-budget 2018 Reaction Mr. Sanjay Jalona, CEO & MD, LTI (L&T Infotech)

The Budget gave major emphasis on healthcare, agriculture, education and research, which was great.  Use of technology in delivering education and focused research in technologies like Blockchain, AI, Big Data, IoT & Robotic are great initiatives and will create opportunities for IT sector to contribute in making of tomorrow’s India. While reduction of Corporate Tax to 25% for a vast majority of companies is a welcome move, increase in cess from 3% to 4% will increase tax rate for larger corporates by 0.34%. The return of long term capital gains was well anticipated and the budget has brought it in a very calibrated manner which should not affect the investment sentiments. Overall a good budget, the execution remains key and to be watched for. News Service

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