Simplified Laws Guide to Taxation and Legal Concern BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. The grouping was originally known as “BRIC” before the inclusion of South Africa in 2010.
BRICS is in the news as it announced the formation of emergency fund worth USD 100 billion to open dollar window to bring down the volatility in the currency market of BRICS nations
BPO, is now named as BPM [Business Process Management]
Business Process Outsourcing [BPO] is a household name in Bangalore. IT industry body Nasscom wants to replace BPO with BPM, as it thinks is more appropriate for the industry’s current maturity level
The BPO industry in India started with the call centre business. But over time, the industry started doing other more complex back office work, including designing marketing campaigns, analyzing investment portfolios, advising credit card companies on collection strategies, securities market research, supply chain inventory optimization, budgetary planning.
NASSCOM
The National Association of Software and Services Companies (NASSCOM) is a trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry. Established in 1988, NASSCOM is a non-profit organization. NASSCOM is headquartered in New Delhi, India with regional offices in the cities of Mumbai, Chennai, Hyderabad, Bangalore, Pune and Kolkata
NASSCOM was set up to facilitate business and trade in software and services and to encourage advancement of research in software technology
