The Union Budget 2011 overall, is a balanced budget, which keeps in mind all sections of society. I am very pleased to see the fiscal deficit target of 4.6% which will eventually help curtail inflation for the nation. The resultant lower borrowings planned by the government will also put a limit to an increase in interest rates. I am disappointed that the tax holiday is not extended on STPI units.
The Union Budget 2011 has a welcome highlight - that of the reduction on surcharge and keeping service tax at 10%. I am disappointed that the tax holiday on STPI units was not extended. We are very optimistic about the increase in budget allocation to education. This will aide our industry in the long run with quality professionals who have a sound educational background.
