18 June, 2021

'MAT On Infotech Is Regressive'

There's a feeling that the nation is not behind IT

'MAT On Infotech Is Regressive'
My three main expectations were about infrastructure, education and Intellectual Property Rights. The clear focus on matric and post-matric education plus the corpus for 1,00,000 scholarships is a shot in the arm in building a knowledge economy. I think it is a high-impact initiative to curb student dropouts. On the infrastructure front, the critical element for the sector is going to be in execution. We are now moving up the value chain in many verticals and doing expertise-driven business. Given the need to develop globally competitive products out of India, I was expecting some moves towards Intellectual Property Rights (IPR). But some of the policies run the risk of sending the wrong signal to the global marketplace that the nation is not behind IT. These include MAT which is a regressive step, and the FBT on esops is a real shocker.

(Arun Jain is CEO, Polaris Software)

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