Budget Reaction Quote: Nihilent Technology

Mr. L C Singh, Vice Chairman & CEO (Founder) at Nihilent Technol...“The Narendra Modi led National Democratic Alliance government’s budget for 2017-18 has an special emphasis on enabling extensive transparent system of governance with providing more avenues for learning and development, through importance to building a huge digital infrastructure, which clearly indicates a wholehearted commitment to development of rural India.

By providing tax relief in HRA, the finance minister Arun Jaitley, has helped the public-at-large. The announcement of ‘Transform, Energise and Clean India’ is a sincere attempt to focus on transforming the quality of governance, energizing various sections of society – especially the youth – and more importantly, cleaning the system from the age-old diseases of: corruption, black money and non-transparent political funding, which is certainly a welcome move.

In addition to that, the promulgation of digital transactions to the tune of of Rs 2,500 crore across various platforms like: UPI, USSD, IMPS, Aadhaar Pay, debit cards, and tax exemptions on digital transaction equipments, referral bonus and cash-back not only for customers and merchants as well, in order to promote BHIM app, will not only boost the fast adoption of digital technologies across the country but it will, for sure, encourage means to reach out to consumers digitally and different markets. In a nutshell, it’s a balanced and realistic budget.”

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