26 Feb, 2010, 1534 hrs IST,TNN
Has Finance Minister Pranab Mukherjee’s budget 2010 missed Indian IT industry? Yes if one thinks of Indian IT industry's long-standing demand for STPI scheme extension.
The much-anticipated extension of SEZ benefits for STPI units did not come through (once again) in FM's budget. In addition, the rise in MAT from 15% to 18% will impact the industry, especially small and medium size software firms.
Small and mid-size outsourcing companies function from STPI units and tax benefits under the STPI scheme are getting phased out in 2010-11.
Most large outsourcing firms have set up in SEZs and will not be impacted significantly. "I am very disappointed. There was no mention of mirroring of SEZ benefits for STPI units," said Ashank Desai, chairman of Mastek Ltd.
The mirroring of SEZ benefits for STPI units was one of the demands of the software industry. Exports from SEZs are eligible for exemption for a period of 15 years in all -- 100% of profits are tax exempt in the first five years, 50% in the next five and 50% in the last five years provided the profits are invested in specified areas. "The top 50 software companies contribute 60-65% of the revenues of the industry and 90% of the profits. When they grow their business, they will grow into SEZs.
Many of their older units have already come out of the tax benefits offered under STPI because they are over 10 years. It is the smaller firms that have set up STPI units in last few years that will be hit though the government will not gain much in terms of tax inflows," said a Nasscom official.
However, IT companies focussed on the domestic market will gain from the IT mission mode projects announced in the budget. The allocation of Rs 1900 crore for UID project and the announcement of the modernization of national employment exchanges are some moves that would help the IT industry as a whole.
Refunds for IT/BPO companies have also made easier. Over Rs 4,000 crore refunds are pending and just last month there were some changes made to make refunds easier. The budget gives it further filip.
Source: http://infotech.indiatimes.com/News-Software__Services/What_Budget_2010_has_for_IT_Inc/articleshow/5619942.cms
YouTube to kill IE6 support on March 13
Over six months ago, Google announced it would start phasing out support for Internet Explorer 6 on Orkut and YouTube, and started pushing its users to modern browsers. The search giant has now given a specific kill date for old browser support on the video website via a page on Google.com titled Solve a Problem: Upgrading your browser:
Support stops on March 13th. Stopped support essentially means that some future features on YouTube will be rolled out that won't work in older browsers.
As you can see in the screenshot above, YouTube will have an interstitial appear when users on older browser try to watch a video on YouTube. Google says the interstitial will show up indefinitely every two weeks until the user upgrades to the most recent version of their browser. Google deems anything below IE7, Firefox 3.0, Chrome 4.0, and Safari 3.0 as an "older browser." Users on these browsers will still be able to watch YouTube videos, but additional features that Google plans to roll out may not be supported in these older browsers.
Late last month, Google announced it will end old browser support for Google Docs and Google Sites on March 1, 2010 and earlier this month, the company announced it would start to phase out support for these browsers for Google Mail and Google Calendar by year end. Google is pushing both enterprise and consumer users towards newer browsers on all its Web properties.
Google's stance on IE6 varies from Microsoft's because the search giant does not need to support Windows XP, the operating system with which IE6 first shipped, as long as Redmond (which will support XP and IE6 until April 8, 2014). Microsoft, on the other hand, which has stated time and time again that it wants to see IE6 disappear as much as anyone else, refuses to force anyone to upgrade (though it's worth noting that the software giant's Office Web Apps won't support IE6 either, just like Google Docs) and says the decision is ultimately up to the user.
Microsoft is trying to push users to upgrade by touting IE8's many features over IE6, particularly in the area of security. So far, this has worked relatively well, as IE8 is the most popular browser, although IE6 is still used by about 20 percent of surfers worldwide, according to NetApplications.
Source: http://arstechnica.com/microsoft/news/2010/02/youtube-to-kill-ie6-support-on-march-13.ars

