Friday, February 27, 2009

OUTSOURCING………… AND INDIAN IT SECTOR.

“We will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas,” Mr. Obama had said at a joint session of the US Congress. The fact remains that unemployment in technology sector continues to be the lowest in the US.

Reacting to this, the industry body of India FICCI said that Mr. Obama’s statement has come at a time when the global economy is going through a phase of slowdown and when countries need to work collectively. Citing a study by the US Chamber of Commerce, FICCI said that it is the US companies that gain the maximum from outsourcing. “In fact, a McKinsey analysis showed that every dollar (of costs) that the US moves offshore brings America a net benefit of $1.12 to $ 1.14,” said the industry body.

The Indian IT industry body Nasscom said that the US firms have been the leaders in international trade, and in 2008 more than 50 per cent of the revenues of the leading companies came from outside the US market. It mentioned that, “In US, unemployment is largely concentrated in the manufacturing, retail and the construction sector, is a part of the global value chain and while affected by the crisis, is still expected to grow as per reports by leading analysts and unemployment in this sector continues to be the lowest.”

As such, outsourcing is not expected to be entirely passé.

HOW FAR FREE E-MAIL SERVICES ARE RELIABLE? AN ARTICLE IN A NEWS PAPER.

THE G-MAIL CRASH YET AGAIN HAS RAISED THE QUESTION OF THE CREDIBILITY OF FREE E-MAIL SERVICES TO PROVIDE TECHNICAL ADVICE TO SAVE THE NETIZEN’S DATA.

In the backdrop of Google’s Gmail outage, which affected a million users on Tuesday, netizens are now re-evaluating the pros and cons of using a free email service. On one hand, there’s the benefit of being connected to the world without shelling out any money. And on the other, there’s the apprehension of one’s life spiraling out of control just because a user has designed his or her life around the ubiquitous mail service that has now become almost synonymous with email itself. What many users found more upsetting was that there was no one they could speak to for technical support when such crashes occurred.

Sunday, February 8, 2009

MOBILE PHONE VIRUS THAT 'STEALS MONEY' MAY SPREAD



A virus that attacks the mobile phones in Russia and "steals money" by sending unauthorised SMS texts to gain control over the bankaccount, could spread global, experts in Russia warned.
The virus that had only previously been seen in Russia, has now been found on an Indonesian cell phone, a leading antiviruslab in Russia has informed.
The virus gains unauthorised control over the cell account and then sends an SMS to a service number, requesting a moneytransfer from the victims account.The yet unnamed virus is a Trojan and takes control of the victim's mobile account, and steals money from it.
Those at risk are phones which are run the Symbian file system for mobile devises and have SMS money transfer enabled. Aswireless phone and PDA networks become more numerous and more complex, it has become increasingly difficult to secure themagainst viruses. Though a major mobile epidemic is still to come, a few viruses are already active.VIRUS GROUNDS FRENCH PLANES..... a virus attack on French mi;itary computers has grounded the nation's naval fighter planes after pilots failedto download their flight plans, media reports in France said. According to the Liberation newspaper, the virus infected theNavy's flight databases and Rafale aircraft were "nailed to the ground" on January 15 because they were unable to "download their flight plans".



HERBAL CURES GO GLOBAL


Export of Indian herbal plants is picking up with the country's indigenous medicine systems gaining acceptance world wide.
"Out of the Rs.400 crore of herbs generated in India nearly 60 per cent are exported to countries like France, Germany,Italy and Japan." says Dr. A. Ameer Jahan, chairman, all india herbal farmers, traders, exporters and research society.
These counries had embraced Indian traditional healing methods and appreciated it, he added. "Of all the herbs that areexported, Gymnema has the maximum demand," he said adding tht around 23 different products could be made of this single herb.
The herb was very useful in curing diabetes and reducing blood sugar and the extracts of Gymnema were also used to curbcholesterol level, obesity and anaemia, he said.


MONEY CAN BUY HAPPINESS



Buying life experiences — such as going for vacations or going to the theatre — rather than material possessions leads to greater happiness for both the consumer and those around them, according to new study.
The study, conducted by researchers at San Francisco State University, has shown that experiential purchases result in increased well-being because they satisfy higher order needs, specifically the need for social connectedness and vitality — a feeling of being alive.
"These findings support an extension of basic need theory, where purchases that increase psychological need satisfaction will produce the greatest well-being," said Ryan Howell, assistant professor of psychology at San Francisco State University.
The study results also indicate that experiences produce more happiness regardless of the amount spent or the income of the consumer. "Purchased experiences provide memory capital. We don’t tend to get bored of happy memories like we do with a material object," Howell said.
"People still believe more money will make them happy, even though 35 years of research has suggested the opposite. Maybe this belief has held as money is making some people happy some of the time, at least when they spend it on life experiences," he added.

Wednesday, February 4, 2009

BATTLE THE RECESSION WITH OPTIMISM
Recession, is the most feared and talked-about word in the dictionary today. It is steadily getting on the nerves of an increasing number of people around the globe. while some take to the bottles in an effort to keept the recessionary gloom away, others, like woman in Britain, colour their hair blonde, claiming that at least the "gold rush" in their hair can comfort them from the economic blues.

However, planning and staying prepared for the worst, remains the best bet against any recessionary gloom that one could face. Spending carefully, ensuring positive thoughts,keeping away from negativity and not panicking could be other ways to lull the recession storm. But other than taking precautions, it is necessary tht one doesn't panic in anticipation of the worst and an occasional hearty laugh remains the best medicine for calming the nerves.


SAY 'YES' TO FIBRE-RICH DIET ALWAYS
Junk food and cigarettes, hair dye, cell phone usage and hormonal therapy have one thing in common.....the potential to cause cancer.
Re-using cooking oil, eting processed food containing too many additives and preservatives, and even fresh fruits and cereals with pesticide content is asking for trouble....says experts.
"Consuming a fibre-rich diet, and coloured fruits and vegetables, that are rich in vitamin C and anti-oxidants is a great way of preventing cancer,"says an oncologist.

INDIAN SOFTWARE INDUSTRY TO GROW AT 16% THIS YEAR.
The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday.
The National Association of Software and Service Companies (Nasscom) said in its report that together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.Of this, the export of software and services will account for $47 billion, growing by 16-17 percent. The association also said the domestic BPO industry would log a growth of as much as 40 percent this fiscal.
'The current financial year has been challenging for economies across the globe. But the Indian IT-BPO industry has exhibited a balanced growth,' said Ganesh Natarajan, chairman of Nasscom and global chief executive of Zensar Technologies.'We have seen Europe, Asia Pacific and rest of the world grow more than US, reaffirming geographical diversification as an encouraging trend for this industry,' Natarajan told reporters, while releasing the
association's report. Nasscom also said it expected the software and BPO industry to grow by 15 percent annually till 2010-11 to log export revenues alone of $60-62 billion.'Due to our strong fundamentals and as a derivative of the value we add to our global customers, the Indian industry will continue to grow in spite of global slowdown,' said Som Mittal, president of the association.'We also feel that this is a time of learning and optimisation for the industry, we would urge our member companies to see this as a silver lining.'