The $47-billion Indian software export industry on Tuesday sought to put up a brave face on President Barack Obama's proposal to disallow tax deduction for company's outsourcing their business, saying the move will hit the US companies with "marginal" impact on India.
Read more »IT industry downplays Obama's outsourcing move to impact on India
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Obama calls for sacrifice — and more spending
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President ,strong>Barack Obama on Tuesday acknowledged public outrage over bank bailouts and misspent federal dollars, but made an urgent pitch for continued spending as a way out of crushing recession.In a nationally televised address to a joint session of Congress, Obama said “it’s not about helping banks” but about helping people and the economy.
