Post-Budget reaction by Kobian

Post-Budget quote from VP-Business at Kobian Pte Ltd Sushmita Das:

VP-Business-at-Kobian-Pte-Ltd-Sushmita-DasGovernments’ initiatives have given the Indian IT industry some reason to cheer the Budget 2014 by allocating Rs.7060 crore for smart cities, Rs.500 crore for bridging the digital divide, a 100 crore for technology development fund and several other e-governance. It is a good sign that there will be no additional duty on components that go into the manufacturing of PCs, as earlier; there was a 4 percent tax. This year, we can also expect support towards our production and research from GST law. Online and mobile advertisements, digital/ web/ social media agencies will have additional service tax now; this may face a negative impact.

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