Manpower shortage in India's high potential, high-growth ITES-BPO industry by 2009 is estimated to be 2.62 lakh people, officials said on Tuesday.
In a major relief to Indian information technology (IT) companies operating in Australia, Canberra has agreed to amend its domestic laws to stop taxing offshore income of such Indian companies, as part of the free trade deal inked. This may lead to savings up to $200 million each year for over 100 Indian IT companies operating in Australia. "The Government of Australia has agreed to amend the domestic taxation law to stop the taxation of offshore income of Indian firms providing technical services to Australia. "This will resolve the issue that the Indian government has raised about the double taxation avoidance agreement (DTAA) between the two governments for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income," said a commerce ministry official.
Nasscom plans to introduce by this year-end a common certification in terms of skills and knowledge, that matches industry requirement.
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.
Supply of IT professionals is likely to outstrip demand by 48,000 in 2008 with the total number of professionals growing to touch 11.68 lakh
Two-thirds of organisations in the Indian technology sector are hiring gig workers as they respond to a changing business landscape, said a report by industry organisation NASSCOM and others on Thursday. Focus on requirement for specialised skills, employee demand and cost optimization enabled organisations to use the gig model for technology roles traditionally restricted to HR and support functions. Software development, UI/UX design, and data analytics were the top three gig skills the technology sector needed.
"There would be some resetting of expectations", president of Nasscom, Som Mittal, said on the sidelines of 'TiE Entrepreneurial Summit 2008 (TES 2008)' in Bangalore. He indicated that the Nasscom would come out with a clear view vis-a-vis the growth forecast in Junuary first week, saying 'it may happen before the quarterly results start coming out'.
Why are financial-technology (fintech) players moving back to India, or doing the reverse-flipping?
National Association of Software and Service Companies advocated the creation of Special Economic Zones
India faces shortage of people for high-end industrial work that is based on research and development, Kiran Karnik, president of National Association of Software and Service Companies said on Monday.
The initiative comes in the wake of allegations in the US and the UK that the country's call centre workers have stolen and sold data processed by local outsourcing/BPO firms.
The Indian animation industry is expected to grow at a CAGR of 25 percent during 2006-10
The projected fall has been attributed to the US economic slowdown and the rise in international oil prices. Accordingly, the industry growth has been pegged at around 24 per cent for FY09. In FY08, total revenues including hardware were $48 billion which are expected to touch $64 billion in FY09. The total software and services revenue was $39.5 billion in FY08 and expected to touch $52 billion in FY09.
The national association of software and service companies in India has sought partnership with chartered accountants in the areas of information security and data privacy.
National Association of Software and Service Companies on Thursday condoled the death of former IT and Communications Minister Pramod Mahajan
Outsourcers will not migrate to China because of the sheer talent and English language proficiency in India, says Arun Seth, chairman, British Telecom India.
Nasscom chief Kiran Karnik said: 'I am not saying you throw open education, but we need to liberate higher professional education from constraints.'
Acknowledging him as the person trying to direct the path of the offshoring movement, US magazine Forbes has described, Nasscom president Kiran Karnik, as the 'Face of the Year'.
The Indian IT outsourcing sector is expected to see exports growing 13-15 per cent in the fiscal year starting in April, an industry lobby group said on Tuesday, with improving US and European economies driving growth.
The National Association of Software and Service Companies on Tuesday favoured the setting up of a state-of-the-art animation studio by a government agency to give fillip to the domestic animation and gaming industry, which is growing 20 per cent ann
IT and ITeS sectors' contribution to India's GDP has increased by 4 times in the last 10 years, revealed a study.
Officially called the Border Security, Economic Opportunity and Immigration Modernisation Act, 2013, the Bill being pushed by the Obama administration gives the domestic IT professionals in the US a 60-day period to find a new job after they lose the existing one, among several other sweeping reforms.
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
Indian animation industry has a potential to touch earn a revenue of over $1.5 billion by 2005 compared to the current $1 billion
India's business process outsourcing industry will soon be edged out by the emerging knowledge processing or KPO sector as the biggest revenue grosser, according to an industry expert.
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