Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty.
The Nifty IT index hit a more than nine-month low, trading at its weakest level since April 17, 2025.
This Budget positions India's taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence.
The potential KPO delivery locations, including China, the Philippines and Sri Lanka, are unlikely to challenge India's dominant position in the market, but they have enabled many vendors to pursue a multi-shore strategy, it said.
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.
However, projections made over the last few years indicate a compound annual growth rate (CAGR) of 80-90 per cent. Research firm TPI believes this is "not easily achievable".
The Global Offshore Outsourcing Summit 2006, organised by the Indo-American Chamber of Commerce kicked off on Friday at the ITC Grand Central, Mumbai.
Nasscom estimates that the KPO industry is poised for a 45 per cent per annum growth till 2010. The current hotspots in KPO are engineering and design, basic data search, integration and management and biotech & pharma.
The Indian business process outsourcing and knowledge process outsourcing industry is likely to witness as many as 100 mergers and acquisitions worth $3-5 billion from 2006 to 2010.
Highlighting the continued growth story of India, the government today said the country is likely to capture 15 per cent of the over $54 billion market in the upcoming knowledge processing outsourcing (KPO) industry by 2010.
Currently, the KPO market size is estimated to be about $5.5 billion and the sector is growing by about 15-17 per cent, dominated by professionals belonging to fields such as management, medical and engineering, the chamber said.
Person-to-person outsourcing gains currency with small offices and individuals.
The size of knowledge process outsourcing industry, the high-end services entailed in business process outsourcing activities, has the potential to touch $16 billion by 2010 across the globe.
Infosys BPO, which started knowledge process outsourcing services as a part of its BPO offerings four years ago, is aiming to make Gurgaon the hub for its KPO business.
India is likely to capture around 15 per cent of the over $54 billion knowledge process outsourcing industry worldwide by 2010 from 5 per cent now, the ministry of communication and IT said.\n\n
A spokesperson of the Karachi Police confirmed in a statement that the Karachi police chief's head office had come under attack.
The company's operations will be carried out from its facility at Divyashree Park SEZ in Whitefield, Bangalore. Initially, the company plans to recruit about 20 persons to begin operations and gradually increase the strength to 150 to 200 by end of first year of operations depending on the projects to support Gensler requirements.
ating agency Crisil on Wednesday said it has signed an agreement to buy the business of US-based Knowledge Process Outsourcing Industry Pipal Research Corporation for $12.75 million.
Here are the skills and expertise that one needs to have to succeed in the knowledge economy.
Swaminathan D ('Swami' Swaminathan), the current COO and senior vice president of Infosys BPO, is now the CEO and MD.
Demand on rise as companies look to expand in Asian, European markets
The BPO/KPO industry employs about 2.2 million people and the number would increase to 10 million by the end of 2020.
The US slowdown coupled with rupee appreciation, talent crunch and rising salaries, and the 2010 sunset clause on tax holiday for IT firms, is putting knowledge process outsourcing firms in a bind.
Russell Smith, chairman, SDD Global Solutions, explains what makes India such a hot legal outsourcing destination.
The private STP is being set up by the JSS Group at Infocity in Chandaka, Bhubaneswar.
Taking the BPO-KPO wheel forward, the offshoring industry is looking to tap the $750 billion-a-year global engineering services industry.
Crossdomain will continue to position itself as a niche services provider in the BFSI segment
Unperturbed by the tax benefit restrictions proposed in this year's Budget for venture capital investments to certain sectors, US based VC fund New Enterprise Associates has lined up $200 million to be invested in the country.
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