IBM gets Cloud Service Provider empanelment from MeitY
The company had recently announced a significant investment in its hybrid cloud strategy with the launch of IBM Cloud Satellite that would allow clients to deploy cloud services securely across public and private cloud.
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Cloud Service Provider empanelment from the
Ministry of Electronics and IT (MeitY) that will enable the tech major to work with public sector companies and government agencies.
The company had recently announced a significant investment in its hybrid cloud strategy with the launch of IBM Cloud Satellite that would allow clients to deploy cloud services securely across public and private cloud.
In a bid to empower the public sector enterprises in India, tech company IBM on Tuesday announced it has achieved a full cloud service provider (CSP) empanelment from the Ministry of Electronics and IT (MeiTY). The company said that the MeitY empanelment will enable the Indian public sector tap into the industry s most secure and open cloud platform to drive innovation and growth. Indian public sector can now access the industry s most secure and open cloud platform to drive transformation/innovation and growth, Sandip Patel, Managing Director, IBM India/South Asia, said in a statement.
IBM infrastructure being underlying architecture for eleven out of the thirteen public sector banks.
No TDS required on import of shrink-wrapped software: Supreme Court
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No TDS required on import of shrink-wrapped software: Supreme Court
Lubna Kably / TNN / Updated: Mar 3, 2021, 08:10 IST
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MUMBAI: The Supreme Court (SC) on Tuesday ruled that payments made by resident Indian end-users or distributors (such as technology companies) to overseas suppliers on import of ‘shrink-wrapped’ software – generally known as off-the-shelf software, is not a ‘Royalty’ payment. Thus, no withholding tax obligations arise in India, against such payment.
During assessment and at various levels of judicial appeals, payments made for import of shrink-wrapped software to overseas suppliers was held assessable to tax as ‘Royalty’ under section 9(1)(vi) of the I-T Act and Article 12 of the respective tax treaties. This classification as ‘Royalty’ required tax to be deducted at source (TDS) when making payment to the overseas suppliers.
Arvind Krishna also noted that cybersecurity is "the risk of this decade" and that cyber threats should be viewed in the same way as those in the physical world.
BT MindRush 2021: How AI will change work, workplace and workers
In terms of industries, almost all sectors - banking, retail, government, communication - have leveraged AI across the board and used the technology to gain traction widely
Vivek Dubey | January 23, 2021 | Updated 17:25 IST
The power of artificial intelligence (AI) to make better sense of data and make better decisions across industries is an old trend that s just gained people s respect in the post-pandemic world. During the panel discussion on Technology Re-Invented at the Workplace at BT MindRush 2021, industry leaders Daisy Chittilapilly, MD, Digital Transformation Office, Cisco; Subram Natarajan, Chief Technology Officer at IBM India and South Asia; and Dr Rohini Srivathsa, National Technology Officer (CTO), Microsoft India explain how the COVID-19 pandemic has accelerated the adoption of digital technologies like AI and machine learning (ML) all across industries and verticals.