If you are following US Business news you would have read about Starbucks closing over 600 of their stores around USA. I am wondering on what took them so long to do it. For instance every time I visit Seattle (their headquarters) I am puzzled on how come Starbucks have nearly half-a-dozen stores in...

Recently I received a report on the vision of Tamilnadu Government for how the business climate should be in year 2025 in the state. The report was a joint work by CII (Confederation of Indian Industries) and Tamilnadu Government (TN Gov). I saw one interesting statistics that stood out among the report's...

According to Taxman in India, from 1st June 2008 (after this year Union Budget was passed) a licensed software like Adobe Photoshop or Microsoft Office is both a Service and a Product. While world over taxes are being simplified, streamlined and modernized keeping pace to technology - in India our Finance...

After much deliberation and delay, Govt. Of India has increased the retail fuel prices - Rs.5 for Petrol, Rs.3 for Diesel and Rs.50 for Household LPG. Though delayed for long we need to praise the Prime Minister for finally biting the bullet - especially with all the political compulsions of coalition...

Small and Medium Sized IT Companies (including Vishwak ) in India have been enjoying Government of India Tax break under 10A scheme (managed by STPI ) where by for their investments on new plant and machineries they get a 10 year Income Tax holiday. Few years back the government set the sunset for the...

One of the concerns for everyone in the Indian IT Industry - for both the insiders and the (abroad) customers are the rising cost of man power. In the last 3 to 4 years (Indian Financial Years Apr-Mar) the industry has grown tremendously. All the 3 Indian IT majors have joined the billion dollar club...

There was a news item today that India has decided to adopt a new accounting system (IRFS) by 2011. IRFS is presently adopted by over 109 countries including China. I was curious on this move, found two references on the Internet to understand this. 1) Accounting in a global world 2) Debits & Credits...

In my earlier post I have given my guess list. My list was correct by more than 3/4th. What happened from my list: FM had done nothing for Dollar hit export industry including IT Increase in Defence spending Dividend tax was tweaked Income tax exemptions increased by good percentages 6th Pay commission...

Like his previous 4 budgets Mr.P.Chidambaram has taken this year too considerable efforts in listening to the public & Industry on their wish list for India Budget 2008. Like previous years this year too he will stop with listening and the budget will be a political compulsion/election oriented one...

I don't know whether any other country in the world (just kidding, it is not as if I am an expert on Budgets around the world just felt good saying it) has its budget strewn in such mystery and secrecy like the Indian Budget. In today's Globalized world the role of a central budget has diminished...