A Status-quo Budget
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Home / India News / 2007 / February / February 28, 2007
A Status-quo Budget

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A Status-quo Budget

Budget Reactions By Gowri Shankar Subramanian, CEO, Aspire Systems (Chennai Based)

The budget is more of an attempt to maintain the status-quo. Seems more could have been done, given the positive economic conditions.

Populist moves such as

There are two positives to the budget that would appeal to the common man, the focus on the agricultural and education sectors.

Corporate India and Employment

Corporate India does not have much to rejoice with ESOPs coming under the FBT net. ESOPS having been an integral part of the employee retention strategy.

The software industry, there is no mention on the status of the 10A exemption beyond 2009.

Education

Allocation to education has been increased by 34 per cent

Greater attention to primary and secondary education is welcomed especially since IT, BPO sectors depend a great deal on the availability of skilled manpower ( strong building blocks for a skilled manpower in the future ).

Rural areas should benefit from instituting the national means-cum-merit scholarship for classes 9 to 12 and also aid in children staying in school.

Greater focus needs to be given to what children are learning, upgrading the quality of 1400 technical institutes is a positive move but it remains to be seen how well this will be executed. Failure will only result in shortage of skilled manpower

MEDIA CONTACT:
Amber Sironzkar
Adfactors PR
+91 22-22871361
amber.sironzkar@adfactorspr.com

Source: Ad-Factors PR

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A Status-quo Budget
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Also see International News / Press Releases on February 28, 2007

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