“This financial budget, there is nothing to add to the IT/ Telecom industry. FM also didn’t talk about the IT exemption under STPI, which most of the IT leaders expected. The increase in MAT by 0.5 % is very marginal. This year the prime focus of the budget seems to be controlling fiscal deficit.”

Prithvi Information Solutions [BSE: 532675 / NSE: PRITHVI] is a $400M+ multinational information and communications technology company with global headquarters in Hyderabad, India and U. S. headquarters in Bellevue, Washington. With major operations in IT Services, Telecom Engineering Services, and Telecom Products, Prithvi maintains over 2000 personnel worldwide.