Pramod Bhasin has been appointed as the chairman of the executive council of the National Association of Software and Service Companies (Nasscom) for the year 2009-2010.
The National Association of Software and Service companies has appointed S Ramadorai, chief executive officer, Tata Consultancy Services as the chairman of Nasscom for the year 2005-06.
'If the business doesn't recover in next 6-10 months, there might be situation where there would be some lay-offs...That may be required for survival and to ensure livelihood to millions of people.'
'It may take some time for them to get down to the details, such as the location and capacity.'
Prime Minister Manmohan Singh will deliver the valedictory address on February 9
Software industry body Nasscom on Tuesday maintained its growth projection of 16-18 per cent for the sector in this fiscal, notwithstanding concerns over economic uncertainty in global markets.
A quick and decisive action in such incidents augurs well for the IT industry, feels the Nasscom Chairman.
Nasscom will float a Rs 100 cr fund to help individuals and small companies in setting up and innovating their business. Tata Consultancy Services, Bharti Airtel Ltd and ICICI Knowledge Park to be key investors.
Recognising the growing prominence of Chennai in the Indian software industry, the National Association of Software and Service Companies will open an office in the city before this year-end
In a statement, Nasscom said it looked forward to the opportunity of working with the President-elect and his administration on mutually beneficial policies that will boost economy in both nations, enhance bilateral national security matters between India and U S and build on the long standing partnership the two democracies share.
National Association of Software and Services Companies has signed a pact with Nasdaq, electronic stock exchange in US, to assist Indian companies to raise capital and get listed in American capital markets.
'The scrapping of import duty would help Indian companies compete in international markets, thus paving the way for India becoming a space manufacturing hub for the world.'
"The industry is looking at a rate of 12-16 per cent. So, it entirely depends on how it gets. But the bigger concern is how the GST is applied," said R Chandrashekhar, president of Nasscom.
According to Nasscom, India must make its R&D significantly more robust to realise the 'Make in India' dream
Nasscom, the apex body that represents the Indian IT outsourcing industry, will demand 'service visas' instead of mentioning H1-B/L1 visas.
The domestic technology industry's revenue is projected to grow 3.8 per cent to $254 billion this fiscal, industry body Nasscom said on Friday and highlighted creation of 60,000 more jobs during this period. The industry had clocked a revenue of $244.6 billion in the same period last year, according to Nasscom's annual strategic review report. Excluding hardware, the revenue is expected to touch $199 billion, a growth of 3.3 per cent over FY23, as per the report.
The Karnataka government is planning to levy a fee of 1-2 per cent on aggregator platforms like Swiggy, Zomato, Flipkart, Amazon, Uber, etc., a government source said on Friday, adding that an announcement in this regard could come following a sub-committee meeting next week. "There is a sub-committee meeting scheduled in the coming week.
'India has undeniably become the GCC capital of the world.'
The new programme could bring in longer lead times and paperwork
The country will witness a mushrooming of technology start-ups over the next five years.
IT trade body Nasscom on Tuesday announced the national roll-out of its assessment and certification program 'Nasscom Assessment of Competence' in the country, which would be first launched in Rajasthan.
This decision was taken at Executive Council meeting of National Association of Software and Service Companies held in Pune.
Expressing reservations over the government move for job quota, NASSCOM, the apex body of the IT software and services industry, said on Tuesday the best way to end discrimination was to raise the ability of the disadvantaged section.
Nasscom has identified 4-5 different areas and is taking these recommendations to the government.
IT industry body Nasscom has asked the government to set up special or fast track courts for early conviction in cyber crimes matters.
The National Association of Software and Services Companies (Nasscom) on Saturday welcomed re-appointment of N R Narayana Murthy as Infosys Executive Chairman, saying his insights into the company and the technology industry would be valuable.
Students would be provided with industry certification.
Software industry body Nasscom on Wednesday appointed Cognizant India Executive Vice Chairman R Chandrasekaran as its Chairman for the year 2014-15.
IT body Nasscom has helped four start-ups raise funding of Rs 40 lakh as part of its programme to help entrepreneurs turn their ideas into successful businesses.
With the economy gaining pace and large deals back on the table, chief executive officers (CEOs) of tech companies believe global tech spending will witness growth this year. According to CEO Survey by Nasscom, about 71 per cent chief executives expect global spend to grow over 4 per cent. The figure is significantly higher than the previous two years - 41 per cent and 59 per cent in 2019 and 2020, respectively. The survey also said the recovery in global tech spending will be led by the digital segment.
Nasscom recommended that there should be 'no double dipping'.
The executive council, which met in Chennai on Monday, stated, "Som Mittal is doing an outstanding job in leading Nasscom as president.
IT industry body Nasscom on Tuesday said the sector will regain double-digit growth from April next year leaving behind the prolonged recession.
Nasscom is sending team there to check out ways of accessing markets, funding and the technology landscape.
Nasscom's current president Som Mittal's term expires in January. However, Chandrasekhar, expecting to get the necessary approvals from the government soon, will start work from next month to get familiar with the organisation.
Industry body Nasscom on Wednesday said it has formed a corporate governance and ethics committee to prevent Satyam-like incidents in future.
