He successfully established XIUS as a cutting-edge telecom technology company and guided the company in developing unique products to solve the business problems of telecom operators unattended by incumbent telecom solution providers. Kumar is credited with the ideation and commercial development of a number of patented mobile and payment technologies and services. In his previous assignments he has been associated with the companies from the start up stage and has been part of the executive management teams that built and grew the organizations. In his spare time, Shridhar catches up on reading and would also prefer to trek and listen to Indian music.
Here are some reactions from members of corporate India Published: The speech highlights what the Government has done and would do for the rural economy, infrastructure, employment generation, MSME, backward castes, health and education.
FM Jaitley has tried to deftly balance economics with politics. Rural focus would lead to alleviation of rural distress, while urban populace may have a mixed reaction on budget.
Rising interest rates domestically and tax on LTCG could result in minor reversal of this trend. Reaction of FPIs and the bond markets locally to the 3. While on the one hand the government has rightly focused on improving educational infrastructure in the country, there is also a clear intent to strengthen capacity building through improvement in teacher training.
The decision to treat education holistically without any segmentation is a welcome move and will lend greater synergy in planning and execution of important schemes and programmes.
This is also expected to help smoothen the process of mapping learning outcomes with curriculum across all levels. It is also heartening to see a greater emphasis on the all-important area of teacher training which will help in achieving the target of training all teachers by As expected, the budget turned out to be populist and sounded excessively cautious while the need of the hour was to provide a positive boost to the economy, which is reeling under the pressure of structural changes and policy reforms.
The Budget did not offer any substantial incentives to individual taxpayers, with slabs remaining constant. A change in the standard tax deduction in lieu of transport and medical expenses, which now stands at INR 40, was the only gift to the salaried class. There was no change in tax savings on home loans, nor were the 80C limits raised.
While this put paid to any hopes for significantly increased home buying appetite, there were some notable announcements with positive implications for the real estate sector: As many as 51 lakh houses in rural areas are to be built in Also, a dedicated Affordable Housing Fund was announced in this Budget.
These are the right moves towards achieving the vision of Housing for all by It will help in terms of some extra savings if there is parity between the market rates and the ready-reckoner rates. Cities which are not under the heavy influence of real estate investors and where prices are rational may benefit from this announcement.
The regional air connectivity scheme to connect 56 unserved airports is a good news for business growth and office space demand in smaller cities, with a natural spinoff demand for housing on the back of job generation. The Government is landing down heavily on cryptocurrencies such as Bitcoin.
There was conjecture that cryptocurrencies would find their way into Indian real estate, as it has in developed countries, effectively becoming the 'new black money' in the sector. With the Government committed to taking all necessary steps to eliminate the use of cryptocurrencies in India, people who were looking at them as a get-rich-quick route will have to look at traditional asset classes and investment routes again.
With the massive crackdown on black money, the taxpayer base has increased significantly. This is, at least indirectly, good news for the real estate sector as seeking home loans is now going to be easy for a larger set of individuals.
In addition, if the Government emphasizes more on a definitive student housing policy, a new avenue will open up for the real estate sector. In a nutshell, while there were not many takeaways for the individual taxpayers, the Budget also did not seem to favour any particular sector.
With fiscal deficit slipping to around 3. A separate approach on MSME within the current framework will require further changes in the Bankruptcy regime and will be a welcome step. Proposals on agriculture, gender, rural infrastructure, when implemented can help bridge the income and gender divides.
While people can have views on the long-term implications of demonetisation, the Ashok Hinduja, Chairman, Hinduja Group of Companies India The budget is bold and path-breaking and will make the country participate and enrich the upsurge in the growth of global economy.Why Optimize IT?
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The Finance Minister Arun Jaitley presented the Union Budget before the Parliament, on February 1, Here are some reactions from members of corporate India. The Asian Leadership Awards are only for the C level professional i.e.
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