Blog posts tagged in Politics
The chances that the European Union (EU) and India might soon find an agreement to resolve their issues and open up free trade are fairly big. After the last meeting in Brussels last week the debating parties have only a couple more points of argument that they have to figure out.
The debate can be called a constructive and successful one and there is a great possibility of putting an official agreement on paper by July this year.
The global economy recovers only slow after the major financial and economic crisis in the second half of the first decade of this century. That is why governments in the Euro zone as well as in the United States are forced to respond with budget cuts especially in the social sectors of their countries. This blog entry discusses the pros and cons of service outsourcing as consequence of the government budget cuts.
In order to secure the financial stability in their nations, the United States, Portugal, Greece and many more industrialized countries need to cut their social budgets. While the belt around social government spending gets a little tighter, citizens express their unease.
Even though the conflict between Israel and Palestine has been going on for more than a century, matters have changed recently. A handful of Israeli companies, such as Mellanox Technologies Ltd. (MLNX) have decided to pick the West Bank area to create new software design centers.
Some of the reasons the CEO of MLNX gave are related to very practical reasons such as proximity to the clients, similar culture and the same time zone. India and China were also considered, but outsourcing to Israel is a simple matter of lower costs.
The recently announced budget proposals for fiscal year 2011-12 under lead of Indian Finance Minister Pranab Mukherjee cause a stir. Especially in the sectors of BPO and ITO, small and middle seized companies fear upcoming increase of alternate tax.
Offshore outsourcing experts interpret the Finance Ministry’s tax reform agenda as limiting crucial tax incentives to boost the industry.
Vivek Kundra , federal chief information officer of the United States, projects continuous growth in information technology service outsourcing by numerous State agencies. The official evaluates the Cloud as one major service that will attract more and more agencies especially in case they are threatened by budget cuts.
The General Services Administration and Agriculture Department is one heavy IT outsourcing client that recently requested could services for its e-mail system. The agency expects to cut costs over $15 million within the next five years.
The US government announces plans on cutting more than $61 billion from its general budget. Sounds like bad news, but one man’s meat is often another man’s poison. Offshore development companies in India are looking forward to the austerity measures that might bring an increasing number of outsourcing contracts to the Asian nation.
US government outsourcing activities already encompass around $100 billion. In line with the projected cuts, market experts expect the US to increase outsourcing to India as service development offshore is a valuable saving strategy.