Nasscom’s response to Budget 2019
The spending budget presented by Piyush Goyal was on expected lines along with an effort to drive essential increase in the economics by supplying special provisions to less well-served communities, including farmers, SMEs, females and senior citizens. In accord with the vision to get a India, spending budget 2019 focused on giving an impetus to technology integration and penetration. With a plan to convert 1 lakh villages into Digital Villages over five years, introduce the electronic tax yield assessment in the next two years, thorough digitization for traditions transactions and support for 3 CSCs to render digital services.
The highlight of the spending budget was the announcement of the a national center for artificial intelligence and the AI portal. This may Play an integral role for India to quicken AI development and adoption to the last mile. We anticipate partner with the government for this essential initiative. While, the finance ministry centered on education, jobs, and start ups, the business’s primary ask towards abolition of both Angel taxation, and assorted GST clarifications didn’t a locate mention. We expect that these will be solved through a due consultative process.
In addition, In line with the 10 measurements of the Govt’s 2030 vision, we also believe that there has to be a national initiative on reskilling to create future ready talent. And any attachments. Thank you.