Nasscom president said moving from single to multiple points could be a challenge from the point of view of ease of doing business
The multi-pronged initiative is targeted at employees, organisations, enforcement agencies and policy amendment, through a '4E Framework' - engagement, education, enactment and enforcement.
A 10 per cent-plus movement of currency in a few weeks is definitely concerning for the companies.
He said the bill will be taken up for discussion in the next cabinet meeting to clear the doubts.
IT industry hiring big time, but quality concern persists.
In 2008-09, the industry grew by over 16 per cent at $46.3 billion.
Undaunted by US President Barack Obama's Bangalore-Buffalo remark, the domestic IT industry said the comments had nothing to do with outsourcing or with India.
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state. Infosys employs over 3.15 lakh people at present across the globe. "We are planning to work with all the regulations of the state and central governments.
The Nasscom Governance and Ethics Committe on Tuesday released its recommendations aimed at further strengthening corporate governance practices in the Indian IT-BPO industry.
In line with its earlier projection, Indian software exports are on track to grow at 26-28 per cent during the current fiscal, Nasscom president Kiran Karnik said on Tuesday.
Nasscom chief Kiran Karnik said: 'I am not saying you throw open education, but we need to liberate higher professional education from constraints.'
Innovation can add an additional USD 50 billion to the revenue pools of Indian IT and ITES industry by 2012, a new study released on Wednesday said.
Is India headed there again? questions Ajit Balakrishnan
Even as outsourcing demand from Europe revives after the debt crisis, data protection regulations in the region governing trans-border data flows could hurt the $108 billion Indian IT-ITeS industry.
The software body, which represents the $100 billion Indian IT-BPO industry, has also appointed MindTree CEO Krishnakumar Natarajan as the vice chairman of the executive council.
Indian offshore engineering research and development (ER&D) services market is expected to reach USD 37-45 billion by 2020 and create over one million jobs, software industry body Nasscom said.
A group comprising top tech startups and unicorns has raised several "serious concerns" over a platform-based gig workers Bill proposed by the Karnataka government, saying it would hurt the ease of doing business. They told the state government the Bill in its current form would hamper operations and increase regulatory and compliance burden on the nascent gig and startup economy, according to sources.
"There is no reason for us to be worried... We have spoken to customers and they are looking at expanding into geographies and bringing newer solutions to the market," Nasscom President Som Mittal told reporters in New Delhi on the sidelines of the Nasscom BPO Strategy Summit 2011.
National Association of Software and Service Companies on Monday condemned the arrest of e-commerce portal Baazee.com's CEO Avnish Bajaj in the Delhi Public School MMS scandal.
From the perspective of an American worker who is being displaced it does not make a difference whether he is displaced by a visa-dependent company or a non-visa-dependent company or a 50-50 company or whatever: Nasscom president.
The proposed changes are forward-looking and non-specific, said Nasscom
Kiran Karnik has decided to step down from his role as president, Nasscom. The premier software association has already initiated a search process to locate a successor.
The appreciation of rupee as against the dollar does not augur well for the growth of IT and ITES industry, which was engaged in a dialogue with the government to partially offset the impact through setting up more IT export clusters, Nasscom said.
A Nasscom letter to US senators calls for attention to the fact that there is a considerable body of evidence pointing to the contributions made by H-1B visa holders to innovation and entrepreneurship in the US.
Focus has to be a lot about self-learning, says Nasscom Senior VP Sangeeta Gupta.
To position Bhubaneswar as a sought after IT destination, Orissa needs to build a world class workforce for IT and BPOs, ensure digital acceleration and focus on upgrading social infrastructure to attract global IT citizens. This was pointed out by Ganesh Natarajan, chairman, NASSCOM at an IT conclave on Destination Bhubaneswar.
Nasscom revised the forecast for the gaming industry from $1,060 million to $830-million and animation industry from $1,163-million to $1,000 million. The report, prepared by Nasscom and Ernst and Young provides a detailed insight on the growth-drivers, business models, issues and challenges for the gaming and animation industry in the next few years.
The $108 billion Indian IT-ITeS industry is also witnessing the rise of tier II and III cities like Kochi, Ahmedabad and Kolkata as product hubs.
Tata Consultancy Services (TCS) on Tuesday ruled out cutting down on hiring, saying it has no plans of doing so but it may have to pace hiring according to the evolving demand scenario. TCS is the largest Indian software exporter in terms of headcount, revenue and profit. The statement comes amidst a report that the software industry is going soft on hiring as demand falters from their key markets and some of them are even going back on their campus offers.
India ranks third among global startup ecosystems.
The information technology and IT-enabled services sectors are expected to grow 12-14 per cent and clock export revenues of $84-87 billion in the next fiscal, industry body Nasscom said.
'These are the two core skill sets that are required for any job, in any profession.'
As part of its initiatives to work with the Indian law enforcement organisations towards creating more awareness on cyber crimes, Nasscom is in talks with the Maharashtra director of prosecution to train 40 prosecutors every month.
IT industry body Nasscom on Monday said the country's IT companies, which exports 90 per cent of software and services to the US and Europe, may see a decline in new orders due to the global financial crisis.
The escalating tensions between India and Canada have put Indian IT companies in a wait-and-watch mode but industry experts believe that there are no immediate areas of concern at this moment. Apex IT association Nasscom, in a statement, said since this is an evolving situation, it will continue to engage with stakeholders to track any potential areas of impact that may need support.
