Budget reflects government commitment to digitalisation: Nasscom

Budget reflects government commitment to digitalisation: Nasscom

Friday, 02 February 2018, 11:23 Hrs   |    1 Comments
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The Union Budget 2018-19 reflects the government's commitment to digitalisation for the country's development, IT industry's apex body Nasscom said on Thursday.

"The Budget reflects the government's commitment to digitalisation as a key force for the country's development strategy. The focus on 'ease of living' will spur greater use and deployment of technology across verticals, a Nasscom statement said here.

Lauding Union Finance Minister Arun Jaitley for increasing investment on Artificial Intelligence (AI), initiative on cyber physical systems and focus on creating a 5G test-bed for better mobile services, the apex body said the steps would enable India to leapfrog into emerging technologies globally.

"The Budget proposal to review the outward direct investment will be relevant to the IT sector, as it charts its global growth trajectory," said the statement from the National Association of Software and Services Companies.

On including additional criteria for taxing overseas firms, Nasscom said in a growing digital economy, the proposal would be applicable to companies which may not have physical presence in the country.

"The tax proposal could be relevant to the technology sector, as internet driven businesses and cloud-based platforms blur geographical boundaries," the statement added.

On the National Health Protection Scheme (Aysuhman Bharat programme), envisaged as the world's biggest healthcare initiative, Nasscom said the ambitious scheme would be a key differentiator for the healthcare sector as it would benefit 10 crore families or 50 crore people across the country.

"The ambitious scheme will create immense opportunities for the technology industry and start-ups to build solutions that enable the transformation," said the industry body.

The Budget has also clarified aeligible businesses for a start-up with the modified definition by the Department of Industrial Policy and Production.

"Extending the Start-up India scheme to March 2021 and rationalising the condition of turnover will enable tens of thousands of start-ups to avail benefits under the Act," asserted the statement.

The Budget policy for hybrid instruments, which are suitable to attract foreign investments in niche areas, will be an advantage to start-ups and venture capital firms.

"The Budget creates a right environment for Fintech firms to grow and has a commitment to adopt blockchain technology in government offices," said the statement.

The financial allocation to the Bharatnet project along with the setting up of Wi-Fi hotspots in rural areas will boost the rural digital economy, helping the country to bridge the digital divide.

"The focus on raising farm and rural incomes will accelerate proliferation of the digital economy in India, with consequential benefits and multipliers accruing from it," added the statement. 

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Source: IANS
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Reader's comments(1)
1: No doubt ‘ support of Rs. 5 lakh for hospitalization of the poorest 10 crore families’ is a vote catching policy will benefit poor to get better treatment when sick. A similar policy ”Arogyasri” has been there in AP introduced by the Previous Congress Governments.
Aarogyasri is a program of the Government of Andhra Pradesh. It covers those below the poverty line. The government issues an Aarogyasri card and the beneficiary can use it at government and private hospitals to obtain services free of cost
Dr YSR Seva Health Insurance Scheme is the flagship scheme of all health initiatives of the State Government with a mission to provide quality healthcare for the poor. The aim of the Government is to achieve "Health for All".
The beneficiaries of the scheme are the members of Below Poverty Line (BPL) families as enumerated and photographed in White Ration Card linked with Adhar card and available in Civil Supplies Department database. Financial coverage (Height of Universal Health coverage) The scheme shall provide coverage for the services to the beneficiaries up to Rs.2.50 lakh per family per annum on floater basis. There shall be no co-payment under this scheme. Benefit Coverage (Depth of Universal Health coverage).
More than people it is the Corporate Hospitals who got rich with ArogyaSri. The treatment given under Arogyasri(missing quality medicines in many cases) and influencing the Government for enrolment of Hospitals for recognition under Arog Sri. The treatment under arogyasri differs in most cases with those who pay on their own. There are many stake holders in the Arogyasri Scheme. The Central Government should enforce this scheme with utmost care as huge public money is involved in this gigantic Project.
Dr.A.Jagadeesh Nellore(AP)
Posted by:anumakonda - 07 Feb, 2018