"It was very motivating to see Government recognizing the need to give a boost to start-up/Incubation eco system. With the announcement of expenses/investment made on incubators qualifying as a CSR spend and hence eligible for rebates will bring in an enhanced support from the industry towards encouraging innovation. A very innovative move considering it is tied to the initiative being recognized as CSR by the Government and yet leading to investments in the product arena. Building a stronger eco-system.
As a part of his inclusive agenda two aspects have been addressed regarding women - funding to enhance the security and a bank for the women by the women.
The good news is that need for increasing the investments on all fronts has got a prominence in FM's speech which is likely to lead to GDP growth and improvisation of rating of the country though the impact could be an increase in inflation down the road.
As required, infrastructure gets significant allotments which are need of our country. Innovative methods have been proposed to mobilize funds in infrastructure like infrastructure debt funds, India Infrastructure Corporation Limited in partnership with ADB will extend credit policies etc. Education, skill development and health have also received attention at the budget presentation with 17% increased allocation to Ministry of HRD for various education and skill enhancement schemes.
For the IT sector specifically, Union Budget 2013 does not carry too much given that no new SOPs or relief have been announced, instead an increase of surcharge on the income above Rs. 10 crores has been added."