How will IT companies in India be benefited from Union Budget 2021?
One of the major service export contributors of the country— Indian IT companies —did not receive much from the Union Budget 2021 by Minister of Finance Nirmala Sitharaman. However, some budgetary advertising will improve the technology industry in the region. Rs 1,500 crore scheme for increasing e-payments In order to encourage digital transactions within the country, a development that the industry believes would lead e-payments in smaller cities to be embraced and innovate by Fintech companies, the government has announced a Rs 1.500 crore scheme. FM delivered its Budget speech saying that the amount of digital purchases in recent years has grown gradually. “To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to promote a digital mode of payment,” she quoted. Digital survey to lift IT service companies The Minister of Finance has announced the first-ever digital census of 2021 in this region. The p...