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Ahead of the Union Budget 2026, the IT industry association Nasscom has urged the government to address pressing tax concerns for startups and technology firms. As reported by PTI, the Nasscom wishlist for Budget 2026 includes extending the Employee Stock Option Plan (ESOP) tax deferment to more startups, clarifying rules around the tax treatment of…
NEW DELHI: Responsible Artificial Intelligence (AI) is rapidly becoming a business imperative for Indian enterprises, moving beyond ethical intent to a strategic priority linked with trust, governance, and long-term value creation, according to Nasscom’s State of Responsible AI in India 2025 report.The report, unveiled at the Responsible Intelligence Confluence in New Delhi, reveals that nearly…
Nasscom, Indian IT’s biggest trade body, has said that the proposed shift in the H-1B visa selection process from a lottery system to one weighted by salary levels will harm innovation and weaken competitiveness by disadvantaging small businesses, research institutions and early-career international graduates. In a statement on the proposed rule, Nasscom highlighted that maintaining…
Nasscom highlighted concerns about geographical and sector-based disparities in the new system proposed for H-1B visa issuance. (AI image) H-1B visa overhaul: Donald Trump administration’s proposed move to replace the lottery-based system for H-1B visas with a ‘wage-weighted’ system will be disruptive, Nasscom has warned. Nasscom, the IT industry body, has sharply criticised the US…
BENGALURU: Even amid protectionist rhetoric from successive US administrations, the Indian IT industry has invested over $1 billion in local upskilling and hiring, driving a sharp rise in local recruitment. Over the years, Indian and India-centric firms in the US have steadily reduced their dependence on H-1B visas while expanding their domestic workforce. According to…
Industry body, Nasscom, has urged its member companies to bring back H-1B employees stuck outside the United States before new visa fee rules come into force.The warning comes with just a day left before the US raises the cost of applying for an H-1B visa to $100,000, a move that could severely disrupt businesses.Shivendra Singh,…
