Monday, February 26, 2001		Article

Nasscom’s plea for Budget

THE National Association of Software and Service Companies (Nasscom) has submitted a seven-point proposal to the Finance Minister, Mr Yashwant Sinha, for his consideration for Union Budget proposals 2001.

While presenting the recommendations, president of Nasscom asked the Finance Minister to simplify procedures, implement more economic reforms, reduce the cost of computerisation, spend more towards setting up of IITs or IIITs and boost Internet and e-commerce activities.
Seeking government’s continued support to software and IT-services industry in India, Nasscom also demanded a tax moratorium of not having any fresh tax on e-commerce at least for the next five years.
Other demand of Nasscom is related to Section 10A/10B of the Income Tax Act. This section provides for income tax holiday to units registered with 100 per cent EOU, EPZ and STP. The association also demanded ISPs (Internet Service Providers) should remain outside the purview of the service tax .— TNS

With the development centres and offices across North America, Europe, Asia, Japan and Australia, Infosys is renowned as India’s most famous success story of the decade, and as a benchmark for achievements in the Indian technology sector. Infosys also has the distinction of being the first Indian company to be listed on Nasdaq.
Mr. N. R. Narayana Murthy, presiding over the inauguration, said: "Our global delivery model allows us to tap talent across the world, and the global development centre in Toronto is a reiteration of our focus on Canada and commitment to the Canadian market.