Tech can play key role in tax compliance, collection: Premji

The Wipro chairman Azim Premji on Tuesday stressed the use of technology to make voluntary tax submission easy. “Technology can play a key role in significantly increasing the ease of voluntary tax compliance and collection,” said Premji.

Ex-RBI deputy governor cautions against frequent loan waivers

Stressing on maintaining credit discipline, former Reserve Bank of India (RBI) deputy governor R Gandhi on Thursday cautioned governments, including the Centre, against frequently using “administrative tools” of farm loan waivers.

“Whether it is farmers and industrial loan waiver, it has an impact. The governments have to utilise this kind of tool sparingly and rarely. Otherwise, it completely disturbs the credit discipline, and in worst case scenario, financial institutions will not be able to survive,” Gandhi said.

Investments in disruptive tech yielding results: Premji

Wipro chairman Azim Premji on Thursday said the company is witnessing its early investments in ‘disruptive’ technologies in­c­reasingly result in successful outcomes.

“We at Wipro are seeing our early investments in disruptive technologies increasingly result in succ­e­ssful outcomes with clie­nts and markets, wh­ich are early adopters of such new age technologies,” Premji said.

35% organisations lack cyber security experts: Gartner

Despite 95 per cent of CIOs expecting cyber threats to increase over the next three years, only 65 per cent of their organisations currently have a cyber security expert, acc-ording to a Gartner survey.

The survey also reveals that skills challenges continue to plague organisations that undergo digitalisation, with digital security staffing shortages considered a top inhibitor to innovation.

Digital culture eludes global enterprises despite huge outlay

Global enterprises are failing to create a strong digital culture needed to bring their employees into digital transformation agendas, found a recent study conducted by French tech major Capgemini.

Despite huge investments in digital transformation initiatives, set to exceed $2 trillion by 2021, organisations feel less equipped with the right leadership capabilities to make digital transformation a success, said a research done by Capgemini’s Digital Transformation Institute, the company’s in-house think-tank on all things digital.

Industry-academia stalemate may hit startups

The biggest missing piece in India’s startup story is the lack of communication and inadequate connect betwe­en industry and academia. The deadlock between these two will hurt the country’s tech startup ecosystem, wh­ich is the third largest in the world, Nasscom, cautions in­d­ustry apex body.

Work, finance issues keep Indians under heavy stress: Study

As high as 89 per cent of the population in India say they are suffering from stress, compared to the global average of 86 per cent, revealed a study by Cigna TTK Health Insurance, a joint venture between US-based health services company Cigna Corporation and India’s TTK Group.

HDK unveils Rs 34K cr farm loan waiver scheme

Keeping his pre-poll promise, newly sworn-in Karnataka chief minister HD Kumaraswamy (in pic) on Thursday announced a farm loan waiver of a mammoth scale of Rs 34,000 crore. This waiver will benefit close to 30 lakh farming families that have crop loans of up to Rs 2 lakh.

Hiring sentiment to rise in next few months: Study

The job market is expected look up in the next few months, says staffing firm TeamLease Services based on its recent survey among 695 small, medium and large companies across 16 sectors in 8 cities.

The report forecasts an increase of 4 per cent in the net employment outlook to 95 per cent, (April– September 2018) as compared to 91 per cent for the preceding half-year, October-March 2017-18. The increase in GDP and optimistic economic growth is being attributed to the positive hiring outlook.