Union Budget 2016: Here’s what technology sector seeks from Arun Jaitley

Considering the growing e-commerce industries and increasing numbers of entrepreneurs in India, the Union Budget 2016 is expected to announce more fund and ways to invite investments to upgrade technology infrastructure. Prime Minister Narendra Modi led government has announced ambitious projects like ‘Make In India’, ‘Start-up India’ and ‘Digital India’ and Union Finance Minister Arun Jaitley won’t ignore them while presenting Union Budget 2016 in the Parliament on February 29.

Finance Minister Arun Jaitley is expected to announce several moves towards an overall ease of doing business as part of ‘Start-up India’ campaign. He would introduce tax friendly schemes, a tax regime to encourage setting up of more start-ups in the country. If the government announces exemptions for small entrepreneurs and businessmen from capital gains tax, it will boost the investment economy tremendously and invite the capital to fuel the economic growth.

[“Source-india”]