14
Wednesday
November 2018
10:47 PM IST
News Headlines
India to host Italy on grass in Kolkata        It won't be easy for Mary Kom, says High Performance Director Nieva        Sensex rebounds 332 pts on easing crude, rupee gains        Govt mulls second round of 2,500 MW medium-term PPA auction        UK says Brexit deal 'almost within touching distance'        Trump criticises Macron again over European defence remarks        Infiltration bid foiled by Army in J&K, two terrorists killed        Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities        Flipkart Group CEO Binny Bansal quits over 'serious personal misconduct' charges        Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions        PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail        70 per cent turnout in first phase of Chhattisgarh polls: EC        Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)        Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son        Death toll hits 25 from wildfires at both ends of California        
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Business News
Govt should consider framing dedicated policy for BPO sector: Par panel
 
New Delhi, Aug 9 (PTI) A Parliamentary panel today asserted that the government should consider designing a dedicated policy for the country's BPO industry to chalk out a future roadmap for the sector that generated over USD 30 billion revenues in 2016-17.

The Parliamentary Standing Committee on Information Technology, in its report, also highlighted the need to lay more emphasis on skill and training in the country's BPO sector.

"In view of the fact that the Indian BPO/ITeS industry generated an estimated revenue of USD 30.1 billion during 2016-17, with the share of 23 per cent in Indian IT-ITeS exports valued at USD 26 billion and provided employment to 11.52 lakh persons, it is high time that the government should consider framing a dedicated policy for outsourcing /BPO sector...," it said.

The report added that this should be done in coordination with state governments to chalk out a future roadmap for the sector covering, inter-alia, minimum wages in the outsourcing/BPO sector.

"There needs to be an evaluation whether all the aspects of outsourcing/ BPO sector are adequately addressed within the ambit of National Policy on Information Technology, 2012 or whether there is a need to have a separate National Outsourcing BPO policy to cater to specific needs of the sector," it said.

Besides, the ministry may also think in line of issuing general guidelines for the sector to states for promotion of BPOs, it added.

Noting that the Indian BPO industry faces competition from countries like Philippines, Malaysia, China, Poland, Mexico and Brazil, the committee said issues like visa restrictions and change in policy by major markets like the US and UK are throwing up newer challenges to the sector.

The report also pointed that the current schemes for the BPO sector don't have any provision for support to existing BPOs desirous of expansion.

The government has launched two schemes -- India BPO Promotion Scheme (IBPS) and North East BPO Promotion Scheme (NEBPS) under the Digital India programme for creation of jobs in BPO/ITeS sector and securing balanced regional development.

"The Committee recommends that the scope and reach of both the schemes are widened so that Indian BPO/ITeS sector remains internationally competitive for a long time to come and continues to generate the much needed employment opportunities for the youth," it said.

The report suggested that outsourcing/BPO policies of countries that are giving tough competition to Indian players are studied and best practices are incorporated in the ongoing schemes in India.

These schemes are also directed at creating employment opportunities in small cities and towns, including rural areas.

"...(the committee) desire that focus should be given to rural, hilly and remote areas for setting up of BPO units and necessary steps should be taken for successful implementation of both the schemes so that they are able to fulfil their intended objectives within the specified time frame," the report said.


Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
India invites Swedish companies to explore investment opportunities
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
SBI back in black on credit growth
TN transport employees threaten to go on strike
Ease of biz ranking: Indian can improve further, says Jaitley
Rupee declines 11 paise to close at 73.27 against US dollar
Gold rises in futures trade; up 0.54% on global cues
Mistry announces startup fund on 2nd anniversary of his ouster
BSE gets Sebi's nod to launch Oman crude oil contract
Sensex cracks 34,000-mark, Nifty below 10,200 on weak global cues
Petrol pumps in Delhi on strike demanding VAT cut
RBI likely to stay on hold for rest of FY'19 : Report
Japan introduces Artificial Intelligence technology to ease business
Reliance Industries posts net profit of Rs 9516cr in Q2
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
Trillions in US net worth vulnerable to recession: IMF
KERALA NEWS
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INTERNATIONAL NEWS
UK says Brexit deal 'almost within touching distance'
 London, Nov 13 (AP) Britain and the European Union are "almost within touching distance" of a Brexit
Trump criticises Macron again over European defence remarks
175 dead, over 10,000 affected by Nigeria cholera outbreak
Lankan parties move SC against Parliament dissolution by Prez Sirisena
NATIONAL NEWS
Infiltration bid foiled by Army in J&K, two terrorists killed
 Srinagar, Nov 13 (PTI) Two unidentified terrorists were killed Tuesday when the Army foiled an infil
Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities
Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions
PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail
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