Indian Budget for Digital Economy | Does demonetization move really helps to Digitisation?
Does demonetisation move really helps to Digitisation?
As we all know that Demonetization force people to use cashless transaction. Those who using labour intensive technology will prefer cash transactions; on the other hand people who prefer capital intensive technology would prefer cash less transaction. Anyways It is still a question mark whether our country get any benefit on Demonetization Move.
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| Narendra Modi and Demonetization |
Technology based companies like Wipro, Infosys, TCS, Tech Mahindra and HCL have appreciated government’s push for digital economy, Cyber Security measures announced in the union Budget.
The Computer Emergency Response Scheme is a great initiative which will help coordination between finance regulators, and in addition to that the push to drive adoption of mobile and an Aadhaar-enabled payment system will support to bring in greater financial inclusion amongst citizens. When comes to Income Tax exemption for start-ups will help reduce income tax for smaller companies with a sales turnover less than INR 50 Crocre.
The Computer Emergency Response Scheme is a great initiative which will help coordination between finance regulators, and in addition to that the push to drive adoption of mobile and an Aadhaar-enabled payment system will support to bring in greater financial inclusion amongst citizens. When comes to Income Tax exemption for start-ups will help reduce income tax for smaller companies with a sales turnover less than INR 50 Crocre.
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