www.skpcrossborder.com January 5, 2004 Your eye to India-centric and International updates Email to a friend I would like to send this newsletter to a friend.   Send to Name Email address Sent from Name Email address   In the News Non Resident Indians may soon get 'special' status Govt allows 100% pvt role in defence production Interesting Reads Pharma cos may get data protection for up to five years Govt. to decide on packaged software import tax soon Expatriate workers’ entire salary taxable in India Big push for foreign investment Section 80RRA benefits can be claimed without going out of India Quick Links Govt not to revise cap for MFs' overseas investments Global insurers shift focus to 'offshore' cover IRDA in favour of raising insurers' foreign equity cap Foreign Companies using services of local BPOs cannot be taxed Tax outsourcing from the US gets a green signal from the CPA Institute India Inc - Investment briefs Novo Nordik may set up base in India to produce insulin Nortel plans to get line and trunk cards made in India BankAm’s BPO unit in Hyderabad likely to hire 1000 employees Turin Networks opens development centre in India Cornhill Direct and Barclays to direct calls to India Progeon to recruit 500+ employees in Bangalore and Pune Motorola to set up research laboratory in India Sun Microsystems to recruit 300 more techies Gail India to buy stake in 4 Egyptian cos i-flex acquires US SuperSolutions for $11.5 m Concerto Software to set up global help desk in February Hope you enjoyed this edition of ‘eye to I’ Please feel free to mail us - - any suggestions / comments that would help us enhance this e-supplement - requests for further information or advice - a request to meet © 2003 SKP Crossborder Consulting Pvt Ltd Email to a Friend | Unsubscribe | Feedback | Disclaimer