The Central Board of Excise and Customs has been empowered to frame a scheme for preparation and filing of service tax returns through service tax return preparers, similar to the tax return preparer scheme for income tax introduced in 2006. The performance of the TRP scheme so far, however, indicates that it is in need of fine tuning - in terms of recruitment, training and remuneration - to become more effective and serve as a benchmark for the STRP scheme.
The Open Document Format (ODF) proponents are alleging that the Microsoft has "cajoled" Indian NGOs to write to the IT ministry and BIS, supporting OOXML as a standard.
Nilesh Shah aired his views on the sub-prime crises, after effects of the Budget and FIIs. He thinks Brazil is the best bet amongst upcoming markets due to its natural resources.
Logitech Squeezebox, the new music gadget on the block, is a wireless box that uses wi-fi to play music. It can be integrated in home theatre system and speaker or ear phones too.
The company also maintains that its original equipment (OEM) partners such as Taiwan-based Asustek Computer, HTC, HCL, Gigabyte and Palm, will start rolling out cheaper internet-enabled notebooks and handsets at prices that will drive mass adoption in emerging markets.
Shorter durations and smaller-value transactions, analysts reason, allow businesses to spread operational risk and develop new relationships according to business demands.
From CCTV cameras to mobile jammers and perimeter protection equipment, the Indian electronic security market is worth over Rs 1,000 crore (Rs 10 billion).
Indian PC and console game developers and publishers are gradually waking up to the potential of developing games completely in India.
With a fast-expanding pool of billionaires and millionaires, India is now an important market for pleasure-craft peddlers.
The magazine hopes to ramp up its advertising and circulation figures in the country.
Sun Pharma has increased its stake in Israel's Taro by buying 9.5% more, raising its total holding to 34.4 per cent.
With sales growth in older stores and margins both falling, Pantaloon needs to keep costs in check.
Mobile banking will soon reach Indian villagers as state govts tie up with banks, telecom companies to provide this facility to them.
BSE data suggest 2 demerger proposals a month in the last 2 years.
The credit growth in the current financial year has slowed down to 22.6 per cent at the end of January 2007 compared with nearly 30 per cent a year ago. While that in itself is not too worrying, most of the demand stems from companies with retail offtake in low double digits.
While the extent of Iran's isolation was unclear, many blogs alleged that the cable cuts and outages in West Asia were a ploy by an intelligence agency to disrupt Iranian commerce, targeting an emerging petroleum exchange that the country was shortly hoping to roll out.
Anti-virus and anti-spyware technologies, which are packaged as 'blacklist' solutions, are gradually giving way to what security experts claim is a far more effective IT security technology based on 'whitelist' solutions.
In less than a week's time, a fourth submarine cable was severed in West Asia, disrupting voice and telecommunication traffic between Qatar and the United Arab Emirates (UAE).
Indian firms across sectors, especially small- and medium ones will see their annual wage bills increase from this financial year since the government has raised the eligibility limit for statutory bonus payments to those who earn Rs 10,000 a month (basic salary and dearness allowance).
The voice operations (call centres) of IT-BPO firms -- which comprise around 20-30 per cent of most firms in India -- will be the most affected since the International Private Leased Circuits are down.
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