Mohan Krishnamurthy Madwachar, Country Manager, Sattrix Information Security Limited.
Credit: Sattrix Information Security Limited
Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.
The IT sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.
"Budget 2025 is a pivotal opportunity to strengthen India's position as a digital powerhouse. As we continue to advance in areas like AI, cloud computing, and cybersecurity, there is an urgent need for policies that support robust IT infrastructure and prioritize data security. We hope this budget allocates significant investments in upgrading digital infrastructure, especially in Tier 2 and Tier 3 cities, fostering inclusivity and innovation across the nation.
Additionally, incentives for businesses to adopt next-gen technologies like zero-trust architectures and AI-driven threat detection can bolster our cyber resilience.
Strengthening data protection laws and promoting public-private partnerships in cybersecurity are equally crucial to mitigate evolving threats.
A focus on skill development programs tailored to emerging IT domains will help bridge the talent gap and sustain our growth trajectory. With visionary reforms and allocations, Budget 2025 can empower Indian enterprises to thrive in a secure, globally competitive digital ecosystem," said Mohan Krishnamurthy Madwachar, Country Manager, Sattrix Information Security Limited.
Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.