Finance
Tvm: GTech, the Group of Technology companies in Kerala, has complimented the State Government for presenting an industry focussed and balanced financial budget. GTech has also welcomed the proposal of the State Government to invest in the infrastructure needs of the IT industry in the cities of Thiruvananthapuram, Kochi and Kozhikode.
GTech hails State Budget 2011-12 as industry positive
GTech CEO remembers an Economist’s economist
Tvm: Eminent economist and a former Chairman of the Prime Minister's Economic Advisory Council, Prof. Suresh D Tendulkar passed away on June 21 in Pune. He was also a member of the Central Board of Directors of the RBI. Known for his extensive work on poverty, he was Professor of Economics at the Delhi School of Economics from 1978 to 2004. He was a member of the PM’s Economic Advisory Council from 2004 to 2008 and later, the Chairman from 2008 to 2009.
Union Budget 2011: Impact on IT & ITeS
What does the Union Budget 2011 hold for the IT-ITES sector? Was it forgotten?
By Sherry Samuel Oommen & Jose Jacob
The month of February had a lot of public interest in it. The start of the ICC Cricket World Cup and the announcement of the Indian Budget by the Finance Minister witnessed a great deal of interest and anxiety by the public. It reminded me of a very old saying by a tax expert with a passion for cricket who said, “In cricket, form is temporary, class is permanent and in tax, tax reliefs are temporary, tax liabilities are permanent”. This Budget does prove the adage right especially considering the IT-ITES sector.
KPMG rates Union Budget 2011 as balanced and forward looking
Tvm / Kochi: KPMG, one of the Big 4 accounting firms, also having their base in Kerala, organised a series of high level panel discussions on tackling the economic challenges - analysing the Union Budget 2011, in association with the Indus Entrepreneurs (TiE) in Kochi and Trivandrum. The event was well attended by participants including CFOs and Finance heads spanning across the Industry.
Union Budget 2011: Recommendations simplified for you
Direct Tax Recommendations:
1. Exemption limit for general tax payers raised to Rs.1,80,000 from existing Rs.1,60,000.
2. Senior citizen benefits to begin at 60 instead of 65
3. New category of senior citizens for 80 yrs and above, basic exemption limit shall be Rs.5 lakh.
Union Budget 2010 - Nothing but a mirage for tax payer
The Union Budget 2010 surprised many as they expected it to be a harsh one. There were lot of benefits announced which are supposed to be aimed at increasing the consumer spending so as to revive the sagging GDP growth rate.
77% increase for IT in Kerala Budget
Tvm: The 2010-11 Kerala Budget presented by the Finance Minister Dr. Thomas Isaac today has a 77% increase in the allocation for the IT Department in Kerala. The allocation for Information Technology Department is enhanced to Rs.153 crore from Rs.86 crore.
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