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Nasscom

Jan 18, 2020, 11.45 AM IST

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  • FinTech Companies can achieve customer satisfaction and loyalty, by focusing on technologies such as blockchain.

    Representatives from different companies including Accenture, Adobe, Facebook, Genpact, Google, HCL, Infosys, Intel, Microsoft and TCS are expected to participate in the deliberations, sources said.

    Entrepreneurs want a stable policy environment, a longer time horizon to carry forward losses and to pay taxes on ESOPs only during sale. To raise funds, startups tend to approach a large number of venture funds – sometimes up to 400. However, under Section 42 of the Companies Act, if a startup sends information to more than 200 investors, it is deemed to be a public company.

    Through this platform, Wipro will train 10,000 students from more than 20 engineering colleges in India. This is a part of Wipro’s corporate social responsibility programme, TalentNext, which aims to enhance the quality of engineering education by preparing faculty and academic leaders to train students.

    Nasscom’s lobbying spends have risen significantly since 2015. It fluctuated between $40,000 and $150,000 between 2010 and 2014. But the tightening visa environment in the later years of US president Barack Obama and then Donald Trump appears to have compelled India’s IT industry to strengthen lobbying.

    Individuals will need to upskill to ensure career longevity even as automation takes over certain jobs. Careers in vogue right now may not even exist a decade later. Blockchain, cryptocurrency, robotics and autonomous vehicles —all emerging technologies — will become mainstream over the next decade, requiring thousands of specialists.

    The provisions — which bar companies employing over 50 people in the United States and have half of their staff working on H-1B visas from sponsoring additional work visas — have been introduced in the S-386 Bill, which was passed by the House of Representatives earlier this year but has not been able to get past the US Senate where the Republican Party has a majority.

    Official says acquisition details of non-personal, anonymous data will be made public; cos raise privacy, IPR concerns. Currently, a separate committee, set up to suggest a framework around non-personal data and led by Infosys co-founder S. (Kris) Gopalakrishnan, is due to lay out terms for sharing of non-personal data between companies.

    Speaking at the launch of 'Future Skills PRIME' programme, a joint skilling initiative by the IT ministry and industry association, Debjani Ghosh, President of Nasscom said, "Even our startups are creating jobs, tech startups have created over 60,000 direct jobs... just this year".

    The bill seeks to bring in amendments to the Immigration and Nationality Act to eliminate the per-country limitation for employment-based immigrants. However, another provision will bar 50:50 companies (those with 50 employees and more in the US or with 50 per cent of staff on H-1B work visas) from bringing in more employees on H-1B into the US.

    As part of its ongoing efforts to promote hiring across the industry and ensuring there is a well-equipped and industry ready workforce, Nasscom would showcase the conduct of Assessments and Certification on Qualification Packs and National Occupational Standards, said the industry body in a press release.

    Shankar Prasad said that, in a digital world, a trained workforce will become India’s biggest competitive advantage, and that the govt was committed to working with the IT Industry and industry group Nasscom to create India Digital Talent Stack.

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