Justice Bharucha, who recently delivered a significant judgment where he quashed the appointment of AIADMK leader Jayalalithaa as chief minister of Tamil Nadu, will hold the office for about six months.
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Nasscom revises software exports estimates
New Delhi: The National Association of Software and Service Companies (NASSCOM) has lowered its estimate for Indian software exports to 30-35 per cent during the financial year 2001-02 due to a slowdown in the key US market.
The US accounts for about 60 per cent of the country's software exports.

Nasscom had earlier estimated that software exports would grow by between 40-45 per cent, lowering it from a previous forecast of around 50 per cent, after clients cut back spending in the United States.

Indian software exports had topped $6.2 billion in 2000-01.
India's software exports have grown by more than 50 per cent every year since the mid-1990s, zooming from the $734 million level in 1995-96, driven by a technology-fed boom in the US.
Indian software firms cater to a diversified mix of technology, banking and telecom companies, by mixing cost-effective offshore work done out of India with "onsite" staff who work directly with overseas clients at their sites.
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Exports slump 1.95% in H1
New Delhi: Indian exports dipped by 1.95 per cent during the first six months to 20.96 billion dollars and widened the trade deficit to $4.96 billion during the period despite a fall in oil imports.

Exports during September 2001 also saw a decline by 8.61 per cent to $3.52 billion as against $3.85 billion during the same period last year.

Exports during April-September, 2000 stood at $21.39 billion.
Imports during April-September, 2001 are valued at $25.93 billion representing a growth of 1.81 per cent over the level of imports valued at $25.57 billion during the same period of previous year, according to official data released here on Thursday.
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Karnataka withdraws software tax
Bangalore: Karnataka government on Thursday withdrew four per cent sales tax on computer software with retrospective effect from April 1, 2001, and unveiled plans to establish a hardware industry park.

Karnataka chief minister SM Krishna said he has also asked the commercial taxes department not to impose luxury tax (12 per cent) on computers as part of government's 'IT for the common man' policy. He said a hardware park would be set up as a special economic zone (SEZ) near the proposed international airport at Devanahally near Bangalore.
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