Given below is the quote from Mr B. Ramaswamy, MD of Sonata Software. Also, please find attached his photograph.
"The most striking feature of the budget has been the expression of confidence by setting a growth objective of 9%. From the industry's point of view, scrapping of the FBT and clarification on the service tax applicability on packaged software are positives. Extension of STPI, though welcome, has fallen short of expectations."
Regards,
Girija
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