Incubation centres to help trade

As a part of its endeavour to promote the IT small and medium enterprises (SMEs) in the country, the Electronics and Computer Software Export Promotion Council (ESC) of the Indian government plans to set up two incubation centres for these units in the US, this fiscal, reports Business Standard.

These centres would provide export facilitation and business support for IT SMEs which do not compete against one another.

DK Sareen, executive director of the ESC says, “We are planning to set up two export facilitation and business support centres for the country's small and medium IT firms in the west coast of the US in this fiscal.”

Kaspersky Lab has unveiled its Kaspersky Internet Security 2010 and Anti-Viruses 2010 in the Indian market, focusing on retail and small enterprise customers, reports Channel Times.

The new version 2010 incorporates the advantages of host-based intrusion prevention system (HIPS) technology in application control module that assigns a security rating to previously unknown malware.

It further features unique Sandbox technology embodying virtualisation technologies and provides dedicated secure information from millions of users to dramatically reduce response times.

The International Accounting Standards Board (IASB) has issued an International Financial Reporting Standard (IFRS) designed for use by SMEs, according to CFO-news.

The standard is a result of a five-year development process with extensive SMEs consultation worldwide.

The IFRS for SMEs is a self-contained standard of about 230 pages tailored for the needs and capabilities of smaller businesses.