|
|
|
|
In the previous sign of critical trade ties among the two allies, India has finally produced a complaint in the World Trade Organization against the cost of the United States work visas that are too expensive and isolated over a group of Indian IT firms. The charge was at the level of WTO consultations within the two parties and it is the final step to determine the issue before taking in a full-fledge legal argument.
An official at the trade ministry said that India is acquiring consultations in this matter and expect to solve it willingly. The official did not announce when the charge was carried to the World Trade Organization however Anand Sharma, the Trade Minister established the visa issue with John Bryson, the United States Commerce Secretary at a meeting in India last March 26 this year.
Meanwhile, the United States started the same kind of action last month at the World Trade Organization to manifest India’s market for eggs and poultry meat, delivering an Indian restriction on the United States imports appointed to prevent the transmission of bird flu was not according to sound science. After India’s economic liberalization in 1991, the commercial partnership within the United States and India was prospered.
However in the past years each party has charged the other with building unfair barriers to investment and trade growth. India’s economy has benefited mostly from the information technology companies operating offshore jobs for United States companies but this kind of outsourcing has been an issue in the U.S. presidential campaign together with President Barack Obama assuring to address jobs home from abroad.
A United States law since 2010 was the reason for India’s complain that almost twice the increase of the visa fees for competent workers to $4,500 each applicant. At the moment that the action was proposed for a small group of firms using the United States law to import employees from overseas, said by Senator Charles Schumer, a Democrat from New York and the sponsor of the bill.
The CEO of huge Indian software services exporter Tech Mahindra, Vineet Nayyar said he think that the government of India is right that this is a boundary to trade. Indian industry did not assume visa fees to lessen and would either become more effective or increase prices slightly to offset the expenses, he added. He think the Indian industry assumed that this will continue and they are trying to analyze what solution they have to endure it.
REFERENCES:
http://www.ndtv.com/article/india/india-formally-complains-about-cost-of-us-work-visas-195853
http://us.topnewstoday.org/us/article/1987734/
http://www.samachar.com/India-formally-complains-about-cost-of-US-work-visas-mekpKwffcif.html
http://www.indianewsheadlines.com/post.php?id=43528
|
|
|
|
|
Over the expense of U.S. work visas which for others is too expensive and isolated against Indian IT firms, India has sent off complaint at the World Trade organizations in the new sign of heavy trade ties among the two regions. The final stage to seek a solution to the disagreement before starting the full-fledge legal argument, the complaint is now on the level of WTO consultations within the two parties.
An official at the trade ministry said that India is in the process of consultation with regards to this issue and he wishes to solve it immediately. Trade Minister Anand Sharma has lifted the visa concern with United States Commerce Secretary John Bryson on the meeting in India on march 26, however, the official did not say when the concern was delivered on the WTO.
Saying an Indian ban on the United States imports determined to end the spread of bird flu was not depend on sound science, the United States last month started the same kind of action at the WTO to expand India’s market for poultry eggs and meat. After India’s economic liberalization in the year 1991, commercial partnership within the United States and India has been successful but in the previous years both of them are trying to accuse each other by creating unfair barriers to investment and trade development.
Outsourcing has been a controversy in the United States presidential campaign as President Barack Obama pledged to cultivate jobs locally from overseas. India’s economy has improved greatly from information technology companies that offer off-shore jobs for the United States firms. The concern is regarding to the United States law from 2010 that approximately doubled visa fees for competent employees to $4,599 each applicant.
During that the action’s goal to a small group of firms impose on U.S. law to import people from overseas, said by Senator Charles Schumer, the bill’s sponsor and a Democrat from New York. The CEO of a large Indian software services exporter Tech Mahindra, Vineet Nayyar said that they thought that the government of India is right that the law is set to be a barrier to trade.
Indian industry did not assume that the visa fees would be minimized and either become more efficient or increase prices to offset the expenses, Nayyar said. He added that Indian industry is taken for granted if this will continue and they are trying to seek solutions on how to manage that changes.
REFERENCES:
http://www.ndtv.com/article/india/india-formally-complains-about-cost-of-us-work-visas-195853
http://world.topnewstoday.org/world/article/1987734/
http://www.silobreaker.com/india-formally-complains-about-cost-of-us-work-visas-5_2265614728464171169
|
|
|
|
|
The companies transferring jobs offshore should be renounced tax breaks if manufacturing is to be carried back to the United States and employment will increase said by President Barack Obama that keep his criticism over outsourcing. He added in his weekly radio address to the nation that all tax benefits should go to the firms that generate jibs within the region.
This move is important to not only carrying back the jobs to the United States but also creating manufacturing in the country moderately he stated. Larger tax breaks should go to a high-tech manufacturer that generate jobs in the upcoming years, no firms should acquire a tax break for outsourcing jobs. Rather tax breaks should occur by the manufacturers who produce shop within the United States.
For so long, President Barack Obama was campaigning against outsourcing, this matter will badly affect the Indian firms. The president’s hopeful approach is a manifestation that the issue might become an intense topic in the run up of the upcoming November poll. The result of the economic turnover has seen the current of opinion over outsourcing increase in the United States.
As a matter of fact, a bipartisan bill has been proposed in the United States House of Representative to make firms that transfer call center work abroad not qualified for guaranteed loans and grants from the federal government, this action hoped for the developing tide of jobs leading to regions like India.
The Indian information technology sector that acquires 60 percent of its export revenue from the United States has become exposed over the United States moves to prevent outsourcing. Acknowledging Americans from the Boeing Plant in Everett, Washington State, President Barack Obama distinguished how the government can reinforce businesses such as Boeing that is hiring thousands of Americans all over the region.
With steps like reducing tax breaks for firms that shift jobs in abroad and instead give them to firms that stays and create jobs locally. Obama said that Boeing was here in the industry for half a century, however what they are doing here now that has folks really delighted as this plant was creating the plane of the future which is the Dreamliner.
He added that it was an impressive idea and the reason why he came there was to observe it up close, furthermore to see how great example it is about how they are generating jobs and manufacturing back to the United States. Air India has also settled orders for the Dreamliner, as the president visited the Boeing facility, he sees their the Dreamliner and the Air India logo.
The new technology has made businesses more effective and productive, aside from that it generates lots of jobs for the nation, Obama added. However, we should not settle for the lesser future, in the United States there is always something that they can do to generate new jobs and new manufacturing with new security for the mid-class and today they are doing that.
Businesses have produced 3.7 million new jobs over the past 23 months, and for the first time, manufacturers were accepting applicants since in the 1990s. In places like China, it was a big pressure and it gets more expensive to do business. Concurrently, America is more efficient than before, firms like Boeing are recognizing that even when they cannot make things affordable than China, they can turn things better, that is the way they will going to compete in the global market.
REFERENCES:
http://profit.ndtv.com/news/corporates/article-no-tax-breaks-for-firms-outsourcing-jobs-barack-obama-298077
|
|
|
|
|
Based on the official sources, in June the United States and India will rough out an active calendar of eminent contacts in the kickoff to the Foreign Minister-level strategic conference. The discussion will particularly cover issues on regional diplomatic, security concerns and bilateral military.
Moreover, as the senior U.S. official who will be part of the strategic discussion in June, arrives later this time to convene the talks regarding on counter-terrorism issues together with Home Secretary R.K. Singh, India will get to observe the long-range U.S. aim in the grant declared on Pakistani national Hafeez Saeed and Mumbai attacks strategist.
The bounty was to get an evidence regarding the activities so that he could be accused and denounced said by a State Department spokesperson previously as India has always managed that it has submitted guaranteed proof to arrest Saeed. By holding some conversation on cyber crime, fake currency and terror financing, the Deputy Secretary for Homeland Security Jane Lute, who was part of the delegation of President Barack Obama in November 2010 and last year has signed a cyber security contract with India will guide a team that will settle the ground for closer partnership.
The meeting within middle ranking officials will be introduced and followed by the conversation between Ministers Janet Napolitano and P. Chidambaram. The Assistant Secretary of State for Political Military Affairs Andrew Shapiro will visit on Monday and within the upcoming days, interact with officials from the Ministries of Defense and External Affairs with regards to the pending concerns before the discussion regarding the counter-terrorism that are set up on April 20.
According to the source, the delegation of Mr. Shapiro who has been a private aide to Secretary of State Hillary Clinton during the start of her Senator days from a decade ago will also meet with the officials from the Pentagon. The Indian footprint in the immense world will be taken up solely as the conversation will be discussing the domestic context. After checking out the views of South Korea and Japan two of the strongest confederate of the United States in East Asia where it keeps big military bases called the East Asia Dialogue, Assistant Secretary of State for East Asia Kurt Campbell will arrive.
To share observations regarding with the developing political situation after democracy leader Aung Suu Kyi’s party cleared a limited number of parliamentary seats in the recent election, together with United States Special Representative for Myanmar Derek Mitchell will also visit officials of the Ministry of External Affairs dealing with Myanmar. With the leadership of Singapore which also contribute to improve closer ties with India, Mr. Campbell will then lead the conversation.
India has already let the space-strapped Singapore to utilize its territory for military activities in an exceptional gestures. According to the official sources, the stage would be developed for the second India-Japan-U.S. three-sided discussion on Monday in Tokyo within some sensitive issues in the nuclear domain would occur for discussion and clarification with the conversation in East Asia to be enclosed this week.
REFERENCES:
http://www.thehindu.com/news/national/article3318081.ece
|
|
|
|
|
The President of the United States, Mr. Barack Obama stated that he does not wish some United States firms to search for skilled and developed workers in China and India in areas such as science, technology and engineering. He added that in order to restrain that the president want to supply the teachers and schools the resources that they need to educate and support students in the United States.
After delivering the annual budget proposals for the fiscal year of 2013 to the Congress, Obama added that the employers nowadays are seeking for individuals who have great talent and skills. He does not want those skilled and educated workers to find in regions like India and China. He extremely emphasized that he wants companies to search those workers in the United States.
The Obama administration would give some incentives for those companies who prefer to generate jobs in the state, Obama said during his State of the Union address. As he discusses at a community college in a village there, he stated that the training and skills that employers are searching for starts with the women and men who educate the young ones. He wants the Congress to support the schools with some resources to possess good teachers on the job and gain the best.
Additional to that, the Congress should need to end the interest rates on student loans from growing this July, it is now time to arrange school more high-price for young individuals, and they can move instantly to make that innovation. They also need to support schools the flexibility to finish just teaching to the test and substitute teachers who are not doing their obligations to teach the children well, it is something that they need to find solutions.
President Barack Obama said that they also have to change the tuition tax credit that the administration assign in the budget within these last several years ago, these tax credits that rescues families thousands of dollars on their children’s tuition fee and they need to change it permanently, it should not be limited but rather it should be persistent and stable.
Within the growth they have rendered in Pell grants, the tax credits that keeps interest rates beneath, all over the region, millions of students have benefited from the tax. In previous years, the tuition increase has disappeared, Obama said. If they cannot control tuition from increasing, the funding they acquire in the taxpayers will reduce, as higher education cannot be a great pleasure. Every family in the United States should be able to sustain that as it is an economic necessity, the president also added that it is part of the United States’ affirmation throughout the new era.
REFERENCES:
http://www.ndtv.com/article/india/don-t-look-for-skilled-workers-in-india-china-obama-176264
http://articles.timesofindia.indiatimes.com/2012-02-14/us/31058654_1_skilled-workers-barack-obama-teachers
http://article.wn.com/view/2012/02/14/Dont_look_for_skilled_workers_in_India_China_Obama_w/
http://news.indialocals.com/research/2012/02/14/MzWxMwL2AzV5KmxjZQZkBN==/don-t-look-for-skilled-workers-in-india–china–obama-images-videos-blogs-related-articles-tweets
|
|
|
|
|
India’s flagship software service providers are searching for an image improvement, as the U.S. presidential election lifts up the rhetoric opposing off-shoring jobs. The challenge for multi-billion dollar outsourcing giants like Infosys and Wipro with US-listed shares are to be seen less as a cheap Bangalore junk for U.S. firms transferring work abroad and more as liable firms investing and developing jobs in America’s fortune. In the United States almost 107,000 people was directly employed by India’s $100 billion BPO and IT industry today, in five years the number has doubled.
Ahead of the U.S. presidential election in November where jobs will be a big issue, due to that, the Indian industry needs a makeover. As President Barack Obama criticized some U.S. firms who exporting jobs, and want to tax them more and utilized the amount to support those firms who keep the jobs locally. Padmanabhan Rao that leads the company’s U.S. operation said that he is responsible for changing the organization to have an impact to U.S. corporations. Expectedly, in 2020 over $225 billion annual revenue of the Philippines as outsourcing was spreading not only in India but all over Asia, this serves as the biggest market.
In the United States, Infosys has over 15,000 workers and it includes the individuals with short-term work permits, in the previous year they hired another 1,200 locals. Almost two-thirds of global revenue were generated by the North American clients, on the other hand, over 145,000 individuals all over the world has employed by Infosys. The aim of Infosys is to double the local recruitment and it should happen in the next fiscal year, said Rao. To show their investment in the U.S. economy, Indian outsourcing companies intend to do something different and improve, said by the vice president of Gartner Inc, Helen Huntley.
Indian outsourcers could get more business from smaller U.S. customers under pressure in the election year to outsource and hire locally that is why they set up shop in the United States. As Indian firms are seeking to transfer staff from their clients to their own logs to secure orders, it serves as a public relation tool to increase their profile as a local job developer. Last month, TCS which is India’s No.1 software services exporter opened a technology centre in Santa Clara, California to be the global headquarters for its mobile computing work. According to Huntley, the Indian firms are very dedicated to get local political support.
Wipro also wants to increase its overseas work force, chairman Azim Premji targets as much as half his total employees to be local in the U.S. and other places and he manages the centres in Atlanta, Georgia as an example of the successful recruited local talent of Wipro. In the United States, Wipro hires over 10,000 people. With U.S. citizens develops 80 percent of its 675 staff, Atlanta serves as a strategic development centre, said by the chief marketing officer Rajan Kohli. The majority of the 2.8 million people worked in the Indian IT/BPO industry work in India for today. According to the Nasscom report, India’s IT and BPO industry serves 280,000 jobs in the U.S..
REFERENCES:
http://gadgets.ndtv.com/others/news/as-u-s-election-looms-india-it-seeks-image-makeover-224091
http://www.techgig.com/tech-news/editors-pick/As-U-S-election-looms-India-IT-seeks-image-makeover-11203
http://world.topnewstoday.org/World/article/1863298/
|
|
|
|
|
The current economic plan of his administration converged on making the middle class more safe and the state more aggressive so that the upcoming jobs and industries will not going to outsourced to other regions like India and China, President Barack Obama said. He added that when he got in the office, they focus to generate new economic plan that will reward hard work rather than selfishness, and instead of recklessness they prioritize responsibility and they concentrate on making the middle class more secure and their state more economical in the long period of time.
In that way, the jobs and industries in the future will not going to outsource to India and China, but instead will be created locally in the United States. In the inaugural to the crucial midterm election several months away in case his Democratic party is assumed to lose the majority in the House of Representatives, Obama uplifted the point of sending jobs to China and India and deliver it a political value at a fund party raiser in Atlanta.
He added that he took office 18 months ago after almost a decade of economic policies that deliver us slow-moving growth, a record deficiency, sinking incomes and policies that concluded in the worst financial urgency that they have noticed since the Great Depression. In last six months of 2008, almost 3 million jobs were lost, in January 2009 as Obama sworn 750,000 Americans lost their jobs and a month later, 600,000 were mislay, overall almost 8 million jobs were lost because of the economic crisis.
The administration has made smart investments in innovation, education and clean energy that people will get benefit and as well as the United States economy for a long period of time, rather than wasting money on tax breaks, President Barack Obama said. They are appealing new accountability from Wall Street to Washington so that other big companies have to perform the similar rules that small firms and entrepreneurs execute instead of providing special interests free authority to do whatever they desire.
Due to the policies of the last decade, the United States president guaranteed the gathering that it would take some time to retrieve them out of the big problem they are facing, rather than losing millions of jobs, for six straight months in the private sector, the administration has generated jobs. As a result of his policies in the United States economy was increasing instead of contracting. The last thing that they have to do is to continue what they were doing before, Obama said.
REFERENCES:
http://profit.ndtv.com/news/market/article-obama-touts-steps-to-check-outsourcing-of-jobs-99485
http://www.huffingtonpost.com/2012/09/27/obama-mitt-romney_n_1919292.html
http://dailyshaeffer.wordpress.com/2012/07/06/obama-touts-80000-jobs-after-attacking-bush-for-touting-300000/
|
|
|
|
|
In the past five years based on one industry group, Indian’s information technology outsourcing sector had almost twice the number of work it has developed in the United States and recently assigns over one lakh individual. According to the report of the National Association of Software and Services Companies or Nasscom, in the previous fiscal year up to the month of March 2011, the workforce of Indian information technology companies in the United States was about 107,000 than in the year 2005 to 2006 which has 58,000.
The aim of the analysis is to clear some issues regarding with the criticism that involving the Indian outsourcing firms, the issues said that those companies are accountable for job lapses in the United States among the anticipated uptick in protectionist rhetoric in front of the United States presidential election in the month of November. According to Nasscom report, at the time of recession Indian outsourcing companies where appropriate to expand employment and hire locals in the United States, rather of decreasing workforce. From2007 up to 2011, Indian firms added and invested $5 billion within 128 acquisitions.
The upcoming stage of the United States and India partnership should be the maintenance and the tremendous increase of investments in the two regions are creating on the other said by the president of Nasscom, Som Mittal. Software development outlets, answering bank client calls, number-crunching and processing insurance claims are the things that carried out a large range of employment for Western companies from the Indian information technology industry which located in tech hub Bangalore.
Almost fifty percent of the worldwide outsourcing market was accounted to India because of its English-speaking workforce. In the year 2010, to fight unemployment rate, Ohio state prohibited outsourcing in India of their back-office projects and government information technology. Approximately 80 percent of the information technology sector’s revenue has contributed by the European and North American clients that includes companies like Citibank, Deutsche Bank, BP, Volkswagen and Proctor and Gamble.
Furthermore, United States lawmakers reportedly acknowledge proposals like in cutting visas for competent workers and curbing tax breaks in companies from India. However, some say that the global outlook continues to be difficult, most of the India’s major software outsourcing companies proclaimed strong third-quarter profits. In the latest financial year that will begin in April, based on the Nasscom forecasts India’s information technology export revenues will going to decrease and diminish, in that period the approximated development will be 14 percent to $78 billion.
REFERENCES:
http://profit.ndtv.com/news/corporates/article-indian-outsourcers-employ-more-than-1-lakh-in-us-300396
http://news.taaza.com/news/911325-indian-outsourcers-employ-more-than-lakh-in-us.html
http://www.defence.pk/forums/world-affairs/167265-indian-firms-employ-over-1-lakh-us-report-13.html
|
|
|
|
|
In the United States, the Indian information technology industry in the past five years has provided almost $15 billion in taxes. To eliminate discriminatory actions, they have to emphasize the need, said by Ranjan Mathai, Foreign Secretary. On his first bilateral visit to the United States, Mathai as the foreign secretary uttered anticipation in which the economic challenges in the United States would not move to protectionism and that the issues of the Indian information technology industry will be acknowledged as soon as possible as he expressed his thought in the Center for Strategic and International Studies.
President Barack Obama declared in his state of the union address earlier this year his announcement regarding with the tax breaks for manufacturing firms that will going to move their business back to the United States. The proclamation once again lifted concerns of protectionist economic policies as the United Stated emerges into a Presidential election this upcoming November.
Mathai emphazises that based on the leading body for the information technology industry, Nasscom, the Indian IT industry provides services for more than 200,000 other jobs that included the indirect ones, aside from improving the efficiency of several United States industries. It also employs over 100,000 individuals in the United States, increased from six years ago with only 20,000.
He added that many Indian firms are producing development centers, over the last five years Indian information technology industry provided almost $15 billion in taxes and this kind of achievement should not set aside by tight visa regulations that serves as a non-tariff boundary.
Indian IT industry paid more than $200 million in visa fees, it was based on the back of envelope analysis. Possibly almost $30 to 50 million has been collected from young promising Indians working in businesses which United States visas were declined. Mathai said that the pink slip has been a greenback, it really requires persistence in which the goal of the unfair move are obviously those who have provided logically to the conditions of reform in India, including those who have been supportive to the U.S.-India partnership.
REFERENCES:
http://profit.ndtv.com/news/corporates/article-indian-it-firms-paid-15-bn-in-us-taxes-in-five-years-says-foreign-secy-mathai-297328
http://articles.economictimes.indiatimes.com/2012-02-08/news/31034624_1_ranjan-mathai-foreign-secretary-visa
http://news.taaza.com/news/869599-indian-it-firms-paid-bn-in-us-taxes-in-five-years-says-foreign-secy-mathai.html
|
|
|
|
|
If a new bill passes into law, outsourcing call center works to regions like in the Philippines and India to lessen customer service expenses could be blocked to the access in federal government grants and guaranteed loans. According to a report that emphasized the anti-outsourcing campaign that has introduced a new bill that would deliver United States firms not qualified for federal grants and guaranteed loans if they will operate their call centers offshore.
The bill is manifested as bipartisan in the House of Representatives and targets to shift the trend of transferring United States call center works offshore destinations, the bill also allow consumers to ask a call center agent location and request a United States based representative. The bill was declared by a Republican from West Virginia, David McKinley and Tim Bishop, a New York Congressman and Democrat.
It was known as the United States Call Center Worker and Consumer Protection Act and created to decrease outsourcing that puts pressure on those companies that outsource call center jobs to offshore suppliers. India will be the most affected by the proposed bill as the region already supports almost 50 percent of the global outsourcing industry and it targets not only the call center works but also the software development outlets and back office job.
In the call center outsourcing space, the Philippines followed India in the outsourcing industry. The Philippines alleged the region that is already leading India with over 350,000 call center staff than 330,000 for India, it was according to the Contact Center Association of the Philippines. If the suggested bill passes it will settle a hold on a number of call center works, the bill would also order the Secretary of labor keep a list of companies located in abroad.
The outsourcing remains to be one of the affliction of the United States economy and the reason why the region still struggling to lessen the unemployment rate. The company who still wants to outsource their call center operations overseas should provide 120-day notification earlier in making the move supporting the new legislation. The new bill is firmly supported by the Communications Workers of America, this union produce 700,000 workers together with over 150,000 call center agents.
The United States have been failing decent-paying jobs in the call center industry so huge companies could save on labor expenses, told by the chief of staff for the CWA, Ron Collins. He emphasized AT&T’s good work in creating an action to bring 5,000 customer service work back to the United States as a component of its T-Mobile merger, the industry needs another increase in moving jobs back to the United States.
REFERENCES:
http://technews.tmcnet.com/call-center-outsourcing/topics/call-center-outsourcing/articles/247858-proposed-anti-outsourcing-bill-puts-crunch-us-companies.htm
http://www.sourcefit.com/index.php?pg=news&nid=2012-08
http://www.huffingtonpost.com/2012/03/21/anti-outsourcing-offshore-call-center-jobs_n_1371162.html
|
|
|
|