Ten key steps electronics industry and e-commerce sector want from Budget

Venkatesha Babu, deputy editor of Business Today identifies ten steps Budget 2015-16 should focus on in IT, electronics and e-commerce sector.

twitter-logo Venkatesha Babu        Last Updated: February 27, 2015  | 09:51 IST
What IT-TES, electronics and e-commerce sector want from Budget
Photo: Reuters

Venkatesha Babu, deputy editor of Business Today identifies ten steps Budget 2015-16 should focus on in IT, electronics and e-commerce sector.

 

  1. More clarity on the government's Rs 10,000-crore start-up fund announced last year.
  2. Action on Digital India, Make in India and Smart Cities programmes.
  3. Friendlier tax system for start-ups so that they don't move abroad.
  4. Service and corporate tax relief to home-grown accelerators.
  5. Exemption of tax on angel investments done by Indians (currently provided to foreign investors only).
  6. Clarity on indirect tax issues for e-commerce firms.
  7. Provide taxes and incentives for equipment imported for R&D.
  8. Correct inverted duty structure anomalies.
  9. Promote fabless ecosystem.
  10. Provide preferential market access for domestic production.

 

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