The recent Budget’s focus was expansive, across 10 distinct themes—farmers, rural population, youth development, poor qne underprivileged, financial sector, infrastructure, digital economy, public service, prudent fiscal management, tax administration—a tall order. The Union Budget 2017-18 is a blueprint that has outlined the plans of our government which is on a mission to transform, energise and clean India.
Out of many aspects, what according to us, will have the biggest impact among the channel community is the harsh action against the cheque bouncing cases. With channel industry bleeding on tough and unfair compeition, such stringent actions against cheque bouncers is welcomed.
Negotiable Instrument (NI) Act to effectively deal with lakhs of cheque bounce cases by reducing time frame for resolution of such disputes. We hear many cases from the distributors that the first symptom of a channel partner in the vigil of defaulting is the bounces in cheques. In this issue we had covered the key aspects of the union budget and 5 things for channel partner to look at this budget.
For the first time, we have a leading CIO from a retail industry reviewing the infrastructure management product of DMX-Technology- Everest. On the interviews front, we had featured Futurenet, for completing 2 decades in the industry and Rubik InfoTech, for their strong foray into banking and IT sector. News on Mumbai based Deltakraft introducing new software for the Maharastra market also finds its place.
On the Associations, Tamil Nadu and Pondy IT associations had never missed an opportunity to raise support for any social cause. We have news items on their support for Jalikattu, a traditional sport of Tamils. National forum ISODA is planning to conduct their summit in Vietnam. We had interviews of the association president and the new chairman of Mumbai based ASIRT forum. We had also featured Puducherry ITTA’s expo news.