Delivering the keynote at Nasscom Leadership Forum here on Wednesday, Mr Raja said amendments were in the process of being finalised. The government was integrating into the act on recommendations emerging out of feedback received from stakeholders.

Multiple pressures

Sounding a note of caution, Nasscom Chairman Lakshminarayanan in his address foresaw a new global order emerging from the current multiple pressures.

The pressure to manage costs and deliver solutions at the same or lower price points would continue, he said observing that “the pressures to be more efficient, to increase productivity, improve quality and be agile 24 x 7 will be the new baseline,”  reports UNI.

The pressures to take responsibility as a creater and be accountable for the outcomes would also increase, he noted.

For customers, he said, challenges come in the form of threat of slowdown, shortage of talent in home markets, escalating costs, pressures to keep jobs and competitive pressures in a globalised world, would continue.

“Current belt tightening is not temporary — come growth, come currency stability, come supply surpluses, industry will have to operate at new performance levels and those that don’t will be driven out by competition’’ he added.