MVNOs will also benefit from this Budget: GV Kumar, XIUS

“The Government’s 'Transform, Energize and Clean (TEC) India' agenda showcases their thrust in changing the face of India.

The announcement of an ambitious target of Rs 2,500 crore worth of digital transactions across payment platforms such as UPI, USSD, IMPS, Aadhaar Pay, tax exemptions on digital transaction equipment, referral bonus and cash-back for consumers and merchants to promote BHIM are all evident of the Government’s vision of a digitalized India.

The renewed focus on enhancing Optic Fibre Network and efficient spectrum management augur well for overall sentiment of the industry. Initiatives such as Rs 10,000 crore for BharatNet, Swayam platform for imparting rural education again complement the telecom industry. MVNOs will also likely benefit from the initiatives and measures laid out in the budget.

Besides, the 5% tax reduction for organizations with revenue up to Rs 50 crore will also be a boon for many companies.”

GV Kumar, Founder, CEO & Managing Director, XIUS, the telecom subsidiary of Megasoft Limited

Also Read: Budget 2017- More Reactions