Curbs on iron ore exports likely
New Delhi: The Government is considering putting restrictions on exports of iron ore with the objective of promoting major domestic steel utilities in the National Mineral Policy that would be announced soon said the union steel minister, Ram Vilas Paswan.

While speaking at a conference on "Leveraging IT for global competitive advantage of the Indian Steel Industry," organised by the Confederation of Indian Industry (CII), Indian Steel Alliance and Hewlett Packard, Paswan said that if the export of iron ore continues unchecked, it would jeopardise the future of the domestic steel utilities. He said some restrictions would have to be imposed on the extraction of Bailadila mines and those owned by National Mineral Development Corporation.

He said the India has total reserves of 4.3 billion tonnes of iron ore. He, however, made it clear that present level of export allowed from the quota of 78 mt would not be lowered.
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Nasscom sharpens focus on the domestic IT market
New Delhi: National Association of Software Services Companies (Nasscom) has set up the 'Domestic IT Market committee' sharpening its focus on the Indian IT market. The areas of work for this committee will include identifying policies and actions to accelerate the growth of the IT market in India.

The recent Nasscom -IDC study on 'Domestic Services (IT-ITES) Market Opportunity' emphasised the huge potential existing in the domestic IT market. While the IT Industry has been showing a strong growth, the growth has been predicated on the larger corporate and a few verticals e.g. BFSI, telecom and some sectors of manufacturing.

Commenting on the work of the domestic IT Market Committee, Kiran Karnik, president, Nasscom said "With this committee, we will ensure that the required impetus is provided to the sector, in terms of favourable policy environment, increased focus on emerging companies, and focus on high maturity IT user segments. Increasing use of IT within the country will help to enhance the competitiveness of the Indian economy and of the companies and sectors that use IT."

"Globalization is forcing Indian businesses to be more competitive and towards this they are using IT as enabler to efficiency. The liberalization of Indian economic policy, competition in key sectors and progressive moves towards further integrating India with the global economy will be key drivers of greater IT adoption in the country", he added.

The Nasscom Domestic IT market committee includes a representation from the IT industry (Microsoft, Oracle, TCS, Wipro, HCL, Tally, NISG and IBM), corporate sector (Bharti Televentures, ICICI Bank, Hitech Gears, Reliance Infocomm, Shoppers Stop, Tata Steel, SBI and Jumpstartup) and academia & research institutes (IIT Chennai and IIT Mumbai).

The committee is chaired by S Ramadorai, CEO, Tata Consultancy Services and Kiron Karnik chairman Nasscom.
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