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India Budget 2008 : Highlights for IT Professionals, IT Industry and IT Companies
Submitted by ajaysanghani on Fri, 02/29/2008 - 12:36
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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

    IBN Live

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

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