SME Times is powered by   
Search News
Just in:   • Reforms have pushed MSME sector, economy: CII  • Govt should incentivise pvt defence manufacturers: Study  • 'Insolvency professionals need to be efficient to inspire confidence'  • Himachal CM launches polythene removal campaign  • Modi launches Eastern Peripheral Expressway in Baghpat 
Last updated: 21 Apr, 2017  

Arun.9.Thmb.jpg Jaitley raises H-1B visa issue with US

Arun.Jaitley.9.jpg
   Top Stories
» Reforms have pushed MSME sector, economy: CII
» Govt should incentivise pvt defence manufacturers: Study
» 'Insolvency professionals need to be efficient to inspire confidence'
» Modi interacts with Ujjwala beneficiaries across the country
» Food processing ministry to join hands with international labs: Harsimrat
SME Times News Bureau | 21 Apr, 2017
The vexed issue of restrictions on American H-1B visas has been taken up with the US administration by Finance Minister Arun Jaitley during his ongoing visit to the US, an Indian official said on Friday.

The issue was raised by Jaitley at his meeting here on Thursday with AUS Commerce Secretary Wilbur Ross, an Indian Finance Ministry statement said.

"Finance Minister raised the issue of recent executive orders which indicate a possible tightening of the H-1B visa regime," it said.

"He outlined the significant contributions the skilled Indian professionals have made to the US economy and expressed the hope that the US administration will take this aspect into consideration while taking any decision," it added.

Jaitley is on a five-day visit to the US to attend the Spring Meetings of the International Monetary Fund and World Bank.

Speaking to the media in New Delhi on the executive order signed by US President Donald Trump on H-1B visas, Indian Commerce Minister Nirmala Sitharaman said on Thursday that the US had committed certain number of these visas to India at the World Trade Organisation (WTO) and "we would definitely want" America to honour that commitment.

"It is not just the US, but several countries now adopting such (restrictive) measures," she said.

The restrictive visa regime would also impact the US companies operating in India, the Minister said.

"So it is not a unilateral (issue) where Indian companies would have to face this... there are several US companies in India which are doing business for years here," she said.

While the US is reviewing its visa programme for foreign workers, Australia has recently abolished a temporary work visa programme -- the 457 visa.

Citing the examples of these countries tightening their visa regime for movement of skilled professionals, Sitharaman said: "Countries are now very clearly raising protectionist walls as regards service trade."

"I protest comparison of asylum-seeking migrants with skilled professionals."

To a question whether India would take the US and Australia to the WTO's dispute resolution mechanism, she replied: "At this stage, we will engage constructively. At the same time, India will ensure that it will not accept unfair treatment."
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 28 May, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(20)
» Oil, Rupee concerns(6)
» Skill India organises 'melas' to create job opportunities(1)
» Modi chairs twenty-sixth interaction through PRAGATI (1)
» Kalam releases handbook for small entrepreneurs(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter