on Outsourcing: Say No to Bangalore

Say no to Bangalore, yes to New York: Obamahttp://in.biz.yahoo.com/090505/50/batiwp.html [link]
Say no to Bangalore seems to be the latest mantra of US President Barack Obama as he struggles to bring the ailing American economy back on track.Meeting one of his major election promises, Obama announced end to years of tax incentives to those US companies which create jobs overseas in places like Bangalore.Instead, the incentives would now go to those creating jobs inside the US, in places like the Buffalo city - bordering Canada in upstate New York.
For full story, visit Yahoo India News site linked above.Obama on Outsourcing: Say No to BangaloreThe new tax measures by Obama Government could adversely affect the already ailing IT industry in India. Bangalore could be the worst hit since most of the IT majors have their offshore centre in the city.