IT companies are the largest office space occupiers in low-cost markets in Navi MumbaiBanking, financial services & insurance sector and manufacturing & industrial sectors each occupy 8% of commercial spaces leased in Navi Mu...
Government aims IT exports to touch Rs 20 lakh crore mark by 2020The Government is targeting a ten-fold increase in software exports at Rs 20 lakh crore by 2020.
- Cos can pay in foreign currency for services by SEZ units
Relaxing the SEZ norms, the Reserve Bank has allowed domestic companies to make payments to units in special economic zones in foreign curr...
- Budget 2011: Relief for exporters likely
Finance Minister Pranab Mukherjee is likely to accept exporters demand, like extension of concessional credit scheme, when he presents the ...
- Annual extension likely for tax sops to EOUs, STPIs
The government is looking at extending tax exemption on profits enjoyed by 100% export-oriented units (EOUs) and software & technology park...
- IT ministry seeks extension of STPI scheme
The Union IT ministry has made a pitch to the finance ministry for extension of the Software Technology Parks of India (STPI) Scheme till 2...
- STPIs, 100% EOUs may enjoy tax holiday for 3 more years
The government plans to extend the tax concessions enjoyed by technology parks and 100% export-oriented units (EOUs) beyond March 2010, a g...
- Software Technology Parks also under scanner
The government’s ongoing investigation into the over Rs 7,000-crore accounting scandal in Satyam Computer Services may now extend to Softwa...
- Export-oriented units’ tax holiday may get longer
Government is now considering one more tax-free year for export units. An announcement to this effect is expected in the forthcoming Budget.
- IT sector needs policy support
The study on the SEZs says that India's marginal presence in the global market for software products posed a threat to the country’s future...
- Nath prays for tax-sops sun to keep shining on software parks, EOUs
In a last ditch effort to persuade the finance ministry not to discontinue tax concessions given to software & technology parks of India (S...
- Finmin opposed to extending tax sops to EOUs, STPIs beyond 2009
The finance ministry has argued against extending tax exemptions to export-oriented units (EOUs) and software technology parks of India (ST...
- Telecom minister to meet FM for extension of STPI scheme
The IT ministry is also ready to take the matter for the Cabinet’s consideration and has asked the officials to prepare a Cabinet note in t...
- IT industry to generate 4,00,000 new jobs
The IT sector would generate four lakh new jobs this year which would be about 25 per cent higher than the previous year's.
- I-T sops for EoUs may go after ’09
Income-tax holiday for export-oriented units (EoUs), set to expire in 2009, are unlikely to be extended in Budget 2007.
- Maran backs extension of tax sops for IT firms
With the income tax concessions for software companies coming to an end by March 2009, the IT and communications minister, Dayanidhi Maran ...
- SEZ number may be capped if tax sops continue
The commerce ministry is open to capping the number of IT special economic zones (SEZs), provided the finance ministry is willing to contin...