Indian Express Coverage on the Union Budget

Budget balanced, says GTech

THIRUVANANTHAPURAM: The Group of Technopark companies (GTech) has described the Union Budget as ``focused and balanced’’.

It is aimed at putting the country back on the economic growth trajectory, GTech said in a release here on Friday. GTech, however, expressed its disappointment over the increase in MAT from 15 to 18 percent.

"This increase in the MAT would hit the mid size IT companies operating in the state,’’ the release said