Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on Thursday asked banks to mobilise deposits through innovative products and services by leveraging their vast branch network. "Banks are taking greater recourse to short-term non-retail deposits and other instruments of liability to meet the incremental credit demand. "This, as I emphasised elsewhere, may potentially expose the banking system to structural liquidity issues," he said.
A Goldman Sachs report said, in the past also, major crisis have led to a sharp increase in outsourcing and even offshoring particularly to India , thanks to lower wages for technology developers as compared to developed economies, and an increasing annual base of engineering graduates.
'I want to ask the Congress only one question: What is more important than election management in politics?'
Will RBI's plan of handing over responsibilities to external bodies gradually turn it into a jobless entity without any power or authority or will it ensure its better functioning?
'The sense of fear generated by indiscriminate and unwarranted filing of FIRs prevents people from exercising their fundamental rights; people go silent or give up the fight as the legal process is itself the punishment.'
IBM's attempt to patent a technology that would help companies to figure out which jobs to send overseas getting a quiet burial. The company today confirmed that it has withdrawn its patent application for "outsourcing of services" which it had filed on July 12 this year.
Among insurance companies, general and health insurers are the worst affected by the shortage. The business process outsourcing industry, particularly the niche knowledge process outsourcing companies, are the second biggest recruiters of actuaries today.
After being market leaders for a long time, outsourcing firms in India and North America are now faced with increasing competition from new entrants amid rising demand for services globally, a survey says.
Travel solutions firm Samsonite Corporation is looking for prospective partners for outsourcing its product manufacturing in Tamil Nadu and Gurgaon.
Decision to outsource its investor helpline comes within weeks of Sebi deciding to rope in third-party agencies for processing and maintenance of investor grievances.
Domestic bourse BSE has approved the acquisition of a 50 per cent stake in index provider Asia Index (AIPL) from equal joint venture partner S&P Dow Jones (SPDJ) Indices for Rs 30 crore. AIPL, the index provider, is responsible for compiling and maintaining the widely followed Sensex, Bankex, and other indices. Passive funds with assets of nearly Rs 2 trillion are benchmarked with indices provided by AIPL.
"Outsourcing will continue. Even with the increase in wages in India by 14 or 14.5 per cent a year, we are still competitive upto the foreseeable future till 2011-12." TCS CEO and managing director S Ramadorai told reporters.
Bhagwati reminded Modi that the US system was driven by lobby groups and India needed to voice its concern over the anti-outsourcing sentiment in the US
An increase in the number of outsourcing deals between domestic drug companies and pharmaceutical multinationals has triggered huge capacity expansion programmes in the drug manufacturing sector.
Printing of Permanent Account Numbers for Income Tax payers have been outsourced to various agencies, Rajya Sabha was told on Tuesday.
Big companies offer modular packages and consultancy offers; they offer EMIs too.
Outsourcing services providers may come under increased pressure from their clients, with chief Information Officers (CIOs) at firms globally planning to squeeze more value out of their outsourcing arrangements, a study by global consultancy KPMG International said.
In charge of dope control at the IPL for the very first time, the National Anti-Doping Agency (NADA) might have to outsource the task of sample collection given the high cost of handling the exercise when the event is held in the UAE later this year. The next best option for NADA will be using the services of UAE's National Anti-Doping Organisation (NADO) or contact Sweden's International Dope Test and Management (IDTM) which has done sample collection and testing for the last 12 seasons of the IPL.
India's celebrated IT outsourcing industry, which contributes about 25 per cent of the country's total exports, is feeling the pinch as it struggles to deal with the avalanche effects of the global financial crisis.
The Indian Mujahideen follows the same pattern as its creator, Lashkar-e-Tayiba.
'It is important to recognise that insourcing, outsourcing, supply chain complexity, supply chain disaggregation is here to stay'
'We found certain banks having lakhs of such accounts with apparently no valid reason.'
After the business process outsourcing and knowledge process outsourcing boom, the corporate sector in India is steadily gearing up for a new concept
US do not commit, but says outsourcing should create more jobs in both countries.
Expressing concern over the approach of total outsourcing by banks, the Reserve Bank of India on Wednesday said outsourcing of certain components should be explored instead of an overall transfer of function.
The contact centre market in India is expected to see a major change in the next two years with third party service providers expected to dominate, according to a study by independent analyst firm Datamonitor.
Outsourcing of work to India or China has had a positive effect on the US economy and restrictions to offshoring may have an adverse impact on the quality of jobs in the country, according to a policy think-tank.
The awards, presented by the online community Outsourcing Centre, are given for the world's best outsourcing arrangements.
Top Democratic Presidential contenders, including Hillary Clinton and Barack Obama, are of the view that outsourcing was an issue for Americans and favoured measures to retain jobs, including ending tax breaks for outsourcing.
US companies, hoping to save money during the recessionary phase, are likely to increase outsourcing of information technology services.
