Here are the reactions of INC on FM Arun Jaitley’s speech on Budget 2014-15:
Sandeep Ladda (India Technology leader, PwC India)
“Liberalisation of FDI in eCommerce sector will provide much-needed certainty to foreign players and to a sector that has the promise to provide increased commerce and generate employment in the country. This will also provide boost to the sector and create healthy competition so as to benefit all the constituents in the ecosystem – consumers, government, eCommerce players, and retailers in general”.
Neeraj Roy (MD & CEO), Hungama Digital Media Entertainment
“Whilst it is very encouraging to see the government giving more attention to the internet and support of animation and gaming, I view the initial allocations as a small step in the right direction. China has a near $ 1 Trillion internet economy, India will transition from 2G to 4G and add another 400 million mobile internet users over the next 3 years, we need an unprecedented push toward digital for a significantly higher consumer adoption as it will spark productivity across sectors. The aspect of bringing back online advertising into the service tax ambit, whilst it is still a fledgling segment, is therefore almost a conflicting action and not a welcome move.”
Smart new cities are welcome. But far bigger challenge is to make old cities smarter. Possible only with GoodGovernanceReforms. #Budget2014
— Sudheendra Kulkarni (@SudheenKulkarni) July 10, 2014
Debjani Ghosh (Vice President Sales & Marketing Group, Managing Director South Asia), Intel
“We at Intel have always been strong advocates of the use of technology for nation building. We are pleased to see the government putting its efforts in tapping the potential for ICT to promote the interests of our citizens in a sustainable manner enabling them to contribute across different sectors of progress.
This budget envisages using ICT to deliver services to citizens as well as furthering the growth of other sectors like the Railways. Setting aside of funds for the Digital India program to ensure broadband connectivity at the village level and in facilitating transparent governance is a step in the right direction and we applaud the government for the same. It is very heartening to see that the government’s commitment in ensuring ubiquitous connectivity, digitizing of land records and moving to a paperless office in five years.
The allocation of funds in building Smart Cities and the decision to set up 7 Industrial Smart Cities is very encouraging. We also welcome the government’s move in empowering women with the allocation of the funds for the ‘Beti padhao, beti badhao yojana’. Fixing basic issues first will automatically help in fixing the larger problems. The steps taken to help local technology manufacturers and the focus on entrepreneurship are steps in the right direction and we hope that the local ecosystem seizes the opportunity to customize solutions to take technology to the grassroots.
This Union budget stays true to a lot of the items listed in the manifesto and continued…