Kerala’s IT sector to have 200,000 jobs in 5 years: official

October 10th, 2009 THRISSUR - Kerala Chief Minister V.S. Achuthanandan Saturday inaugurated the third IT park in the state - Phase 1 of Infopark Koratty - and said that nearly 200,000 jobs in information technology sector would be created in the next two years.

December 27th, 2008 NEW DELHI - Financial services, information technology, consumer goods, retail and real estate sectors have witnessed the maximum decline in the creation of new jobs because of the economic slowdown, a leading business chamber has said. The Assocham Research Bureau, which tracked job vacancy data in 30 sectors to analyse the creation of new jobs in the economy, found that the 'employment outlook of India has come under severe strain'.

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July 8th, 2009 CHENNAI - The Tamil Nadu government will announce a slew of measures to help IT sector attract fresh investments, a senior official here said Wednesday. "The proposals will be announced in the assembly," IT Secretary P.W.C.

February 15th, 2009 BANGALORE - Infosys Technologies vice-chairman Nandan M. Nilekani Monday admitted that the global economic meltdown has affected hiring in India's IT industry.

April 18th, 2009 Though the financial sector has started showing some signs of recovery from the global meltdown, the IT industry in the country will take some more time to regain the growth momentum, a top industry official said here saturday. 'The crisis started in the financial sector and recovery also seems to be happening first in that sector,' S.

February 21st, 2009 DURGAPUR - Coming down heavily on India's ruling United Progressive Alliance for neglecting the recession-hit small scale sector, West Bengal Chief Minister Buddhadeb Bhattacharjee Saturday said the central government seemed only concerned with big companies like Satyam. 'The small scale sector is very badly hit.

February 9th, 2009 SRINAGAR - The Essar group of industries Tuesday started setting up Jammu and Kashmir's first Business Processing Outsourcing (BPO), which will generate 4,000 jobs in the state that has around 300,000 jobless youth who are often targeted for recruitment by militant outfits. Chief Minister Omar Abdullah laid the ceremonial foundation stone of the BPO centre at Rangreth Industrial Area complex on the outskirts of Srinagar city.

February 20th, 2009 NOIDA - A 22-year-old woman, wife of a software engineer, committed suicide at her home here, police said Friday. Kirti Nath, who was married to Manju Nath, a software engineer with IT firm HCL, was found hanging in her room at their house in Sector 20 in Noida Thursday night, a police official said.

December 28th, 2008 NEW DELHI - The auction of third generation (3G) radio frequencies slated for Jan 16 have been delayed, and may now be held Jan 30. 'The auctions have been delayed as the cabinet is yet to approve some of the key proposals regarding the auctions,' a Department of Telecom (DoT) official told IANS on condition of anonymity.

February 25th, 2009 WASHINGTON - In a message that may not be music to Indian outsourcing firms, US President Barack Obama has served notice that he would end the tax breaks for corporations that ship jobs abroad. Giving his first speech to a joint session of the US Congress Tuesday, Obama said: '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.' If Obama follows through with the announcement in the budget, whose outline he would present Thursday, the move may hurt India's BPO sector as without the tax breaks, US companies may find it less attractive to outsource jobs to India.

January 14th, 2009 NEW DELHI - The government has no plans to unveil a bailout package for fraud-hit Satyam Computer Services and the company's new board will decide its future course of action, Minister of State for Industry Ashwani Kumar has said. 'This government is not going to either directly or indirectly subsidise the wrongdoing and fraud in Satyam,' Kumar told reporters on the margins of an international conference on petroleum sector here Thursday.

September 10th, 2009 SAN FRANCISCO - The Apple chief executive Steve Jobs, making his first public appearance since his return to work in June after six months' medical leave, has admitted of a liver transplant. Jobs admitted this on the sidelines of a press conference San Francisco, where he was announcing a new iPod nano.

August 19th, 2009 CHANDIGARH - The Punjab government is offering various sops to information technology (IT) companies operating in the state, including a 24-hour uninterrupted power supply, in order to boost the sector, a government official said here Wednesday. "No economy can grow only on the shoulders of agriculture and we have to give a boost to the IT and service sector.