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'Firms can mitigate IT skills shortage'
The shortage of information and communications technology (ICT) skills in developed countries could become a serious issue once the worldwide economic crisis starts easing. This will be exacerbated by the falling number of masters and PhD holders in science and engineering, restrictions on cross-border movement of IT professionals and the US H-1B visa programme. However, this vicious circle could be mitigated by the Indian service firms increasingly recruiting internationally, according to a new OECD report on employment trends in the ICT sector.

BSNL launches new service delivery platform for 3G customers
Bharat Sanchar Nigam Limited (BSNL) today launched its new service delivery platform "BSNL Live" - a web portal that would offer videos on demand and movie streaming for its 3G customers for the first time in the country.

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NABARD opens Rs 102-crore credit line to UP
National Bank for Agriculture and Rural Development (Nabard) has sanctioned a loan of Rs 102 crore to Uttar Pradesh under the Rural Infrastructure Development Fund (RIDF).
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Exporters want stimulus to continue

With an expected rise in the key lending rates the government should continue with the stimulus measures to support exporters, an industry body said today. - Non-tariff barriers concern govt, exporters - Oil chiefs gather in war-scarred Angola - Christmas season brings cheers for handicraft exporters - No plan to ban or limit cotton exports: Maran - Acute labour shortage spoiling coffee party - FICCI seeks more sops to bolster economy The Federation of Indian Export Organisations (FIEO) said it expects the government to continue with the stimulus packages, announced to soften the impact of the global economic downturn, in interest of exporters. Noting that the stimulus packages have had a positive impact on the key sectors, the federation said exports are likely to reach $165-170 billion this fiscal. "The FIEO hopes the government will continue with the stimulus packages, particularly subvention of the interest rates, for exports as interest rates are set to move upward," FIEO President A Sakthivel said in the release. The domestic export sector grew 18.2 per cent in November at $13,199 million, as against $11,163 million in the year-ago period. "This is a clear indication of the adaptability of exporters and, of course, the positive impact of the stimulus extended by the government," the exporters body said.


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