New IT rules bad for BPOs, says Nasscom
Tuesday, 24th May 2011
The industry body for software and services companies has expressed its anger on the new IT rules 2011, notified by the government, saying they will adversely impact the $76-billion Indian IT-BPO industry.
The rules will impact a large number of BPOs which collect credit card or financial information from companies and individuals in US or Europe on behalf of banks like UBS, Wachovia, Wells Fargo and others.
Publication : Times of India