India Budget 2008 : Highlights for IT Professionals, IT Industry and IT Companies

Union Finance Minister P Chidambaram today on 29th Feb 2008, unveiled the General Budget for the fiscal year 2008-09 in the Parliament.
Following are the highlights for the IT

Total plan spending in 2008/09 seen at 2.4 trillion rupees ($60.3 billion). There will be 100 billion rupees in additional plan funding.

8 %Growth to be maintained

Rs 100 crore allocated to Ministry of Science and Technology for National Knowledge Network

1 lakh broadband-enabled common service centres in villages across India

3 IITs in Andhra Pradesh, Bihar and Rajasthan

State data centres scheme approved and get Rs 275 crore

All knowledge bodies to be connected via broadband

Rs 85 crore to building a knowledge society

Scholarships for science and research

Rs 75 cr for Rajiv Gandhi Natl Fellowship Prog

3 IIScs in Bhopal and Trivandrum

Overall the budget seems positive as expected it being the last budget before elections.

Check out more updates and reactions on Budget Special @ ITVidya.com
More updates can be had at

Entire Budget Text

Reutuers

Economic Times

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Regards,
Ajay Sanghani
Founder, ITVidya.com
Cell : 098200 20753

ajaysanghani 28 Feb 2008 11:06:14 PM