We have been hearing many news from USA since Barack Obama has taken the oath as President. However, the news that mattered most to the Indians is the news "Yes to Buffalo.. No to Bangalore".. Let us understand what does it mean and how it is going to impact the Indian IT industry.. 1. Earlier, the American companies (e.g. IBM, Intel etc) used to get a lot of tax incentives by opening offices at off-shore (e.g. Bangalore). So, a lot of American companies were encouraged to open offices at off-shore. 2. However, president Obama has put an end to these kind of tax benefits to the American companies those have offices at off-shore. Instead, the companies having offices in USA, will enjoy the tax incentive now. This means, the companies that are creating jobs in USA will get tax incentives. 3. Hence, this is a big set back for the American companies those have offices at off-shore. 4. There should not be much impact on the Indian companies (e.g Infosys, Wipro, TCS etc) as the Ind...