Suman Reddy,
Vice President and Managing Director,
Pegasystems
“The Finance Minister has presented a favorable budget this year. The Govt. has fulfilled industry expectations to certain extent. The changes in transfer pricing with respect to the technicalities involved is the welcome move for the IT industry especially MNCs. The clarity in retrospective taxation with the intention of providing a stable and predictable tax regime is another crucial initiative to enhance investor climate in the country. The initiative to plan and set up smart cities, enhance rural skill development and entrepreneurship and specially set aside a corpus Rs 10,000 crores is a huge boost the entrepreneurship and startup ecosystem. Setting up of industrial corridors in tier 1, tier2 cities to improve the industry network is another commendable measure from the Govt.”
