Archive for the ‘Policy’
A Bunch of Lies
DSCI debunks the University of Brighton’s ‘Crime online – Cyber crime and illegal innovation’ Study
By Kamlesh Bajaj, CEO, Data Security Council of India
The University of Brighton’s ‘Crime Online – Cyber Crime and Illegal Innovation’ report is not factual and is steeped in incorrect assumptions. A team of researchers, [...]
Data Protection Through Best Practices
Recent studies involving corporates in North America and Europe have shown that data security is of the highest importance — ahead of several other parameters, such as regulatory compliance, identity and access management, application security and business continuity management — for companies.
At the same time, the surveys have revealed that [...]
Budget 2009: Exceeding Expectations
Union Budget 2009 has been welcomed by NASSCOM and the Indian IT-BPO industry. With the government going all out to incorporate the recommendations of the sector into the 2009 Budget, reactions from the industry have been positive.
The Budget Proposals 2009 offer the following positives to the industry:
Extend deductions [...]
US Debating New H-1B Legislation: Indian IT-BPO Industry Concerned About its Outcome
The introduction of the H-1B legislation by Senators Durbin and Grassley in the US has caused considerable consternation within the Indian IT-BPO industry, which is concerned that the move could prove detrimental to US-India trade relations.
According to the Indian IT industry and analysts, while the bill relates to visa [...]
Placing IT on the Election Agenda
IT is now ranking high on the vision statements of India’s political parties, keen to harness the power of technology to bring its benefits to the ‘aam aadmi.’ Here’s a look at how the Bharatiya Janata Party (BJP) is planning to use IT to transform ‘Bharat’
It looks [...]
The Interim Budget: 2009-10
The government’s announcement of the Interim Budget, with its regulatory concessions, incentives and initiatives, is expected to create business opportunities for the IT-BPO industry during the current year through these recommendations:
The rate of service tax on taxable services has been dropped from 12 to 10 per cent and general [...]
Amended IT Act in the Offing
To usher in strict data protection regime in India
The news is that the IT Act Amendments have been approved by the Lok Sabha on December 23, and will now be taken up at the Rajya Sabha for the final go ahead. NASSCOM and the DSCI have extensively advocated the need for these amendments that aim [...]
‘Indian Transfer Pricing Regulations – Key Issues’
Transfer Pricing (TP) is likely to emerge as the most important issue for large international businesses over
the next few years, as tax authorities are increasingly checking companies that cannot explain their transfer pricing regimes.
“Global Transfer Pricing Survey 2007-08,” a recent study by Ernst & Young, discusses the scenario in India and the controversies dogging the [...]
Information Technology Software Service: Issues in Service Tax
The ambiguity over the issue whether IT/computer software is goods or services was partly resolved by the Supreme Court’s decision in the TCS case, where the court held that ‘Off-the-shelf software’ or packaged software qualifies as ‘goods’, and ‘Made-to-order’ software or customised software may also qualify as ‘goods’ and certain tests were laid down.
Subsequently, [...]
SEZs: A window for the IT sector
The concept of Special Economic Zones (“SEZs”) which are specified delineated duty free territories and deemed to be foreign territories for the purpose of trade is not new to India. The SEZ policy was first introduced in April 2000, as a part of the Export- Import policy of the country. To provide a longterm and [...]
