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Weekly Digest - 25 Oct 2009

Contents

Legal & Tax
  • Taxing times ahead for foreign BPOs
Economy

  • Top execs of bailed-out cos to take 50% pay cut
  • RBI unlikely to alter repo, reverse repo; but CRR may be hiked
Management

  • Developing Your Leadership Presence - Harvard Business
Off-beats

  • Tirupathi Laddus - caught in controversy
  • 6 Indian cities among global BPO hotspots
Taxing times ahead for foreign BPOs
The Central Board of Direct Tax (CBDT), the apex direct taxes body,has withdrawn a 40-year old circular, which has the potential to increase the tax that India can claim on a foreign company that has operations in India through a ‘business connection’.
Will it have any impact on the BPO businesses? To know more, CLICK HERE.

Top execs of bailed-out cos to take 50% pay cut
Cracking the whip on the practice of exorbitant salaries, the US government's pay czar has slashed the compensation of top executives by 50 per cent at seven largest bailed-out firms including Citigroup and AIG. The drastic move comes in the wake of widespread criticism of executives being paid huge salaries even as their companies survive on tax payers' money. CLICK HERE FOR FURTHER READING

RBI unlikely to alter repo, reverse repo; but CRR may be hiked
The RBI is unlikely to alter the repo or reverse repo rates at its October meeting, believes Moody’s Economy.com. But a 50-basis point hike in the cash reserve ratio is expected, signaling a tightening bias. Excluding food prices, inflation is at a fairly weak level comparable with the rest of the region. A recent surge in food prices is likely to feed inflation expectations. CLICK HERE FOR FURTHER READING.

Developing Your Leadership Presence
What about when you are pushed in front of the microphone or given very little prep time for something like an introduction of a guest speaker?
This question came from Tonya in response to my previous post on developing your leadership pitch. CLICK HERE FOR FURTHER READING

Tirupathi Laddus - caught in controversy
Early next month, the Madras high court will hear a unique case -- a petition challenging the geographical indications protection given to the famous Tirupati laddu produced by the Tirumala Tirupati Devasthanam. CLICK HERE TO READ FURTHER.

6 Indian cities among global BPO hotspots
Six Indian cities are among the eight top global destinations for outsourcing according to a new survey. Manila and Dublin also figure in the top list of 8 outsourcing destinations according to Tholons Top 50 emerging outsourcing destinations survey. CLICK HERE TO READ FURTHER

Cheers
Gopal

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