New Delhi: The 2011-12 Budget has failed to bring cheer to the Indian IT sector as Finance Minister Pranab Mukherjee did not make any major announcements to boost the segment. IT companies were batting for reduced tax rates and continuation of sops under the STPI to help the industry, which is seeing a recovery in demand after almost two years of slowdown. "I propose to increase the rate of Minimum...
03:41 PM, Feb 28, 2011
Indian information technology firms are looking for increased spending on education, e-governance and defence sectors, and an extension by at least one year of tax benefits under the Software Technology Parks of India (STPI) scheme, but many think it is unlikely. STPI was a society set up by the Ministry of Information Technology in 1991 to boost software exports. Among other benefits, the STPI scheme provides a 10-year income tax...05:15 PM, Feb 23, 2011
Birmingham: England fast bowler Chris Tremlett will miss the third npower Test with India due to a back injury. The Surrey man missed the second game of the series at Trent Bridge after suffering tightness in his hamstring and then back spasms. Tremlett was still named in the squad for the game at Edgbaston which starts on Wednesday. However the 29-year-old has been unable to train all week and will...07:03 PM, Feb 19, 2008
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