India-US relations: News and Discussions III

Vayutuvan · Post by **Vayutuvan** » 05 Jan 2017 08:02

komal wrote:
NRao wrote:Until Jimmy Carter we were "White". A data point.
Not true. Indians were first declared a minority for federal contracting rules in 1978.

How many hitec pio startups use the 8A (?) clause? We sure don't as we were advised by our accountant not to do so. Buyers usually discount the quality of the product/service if it from a 8A company as per our accountant. But then she is a GOP.

Vayutuvan · Post by **Vayutuvan** » 05 Jan 2017 08:08

Mort Walker wrote: No doubt many Republicans are racists, but it was under GWB that India-US relations began to really improve.

Prof. Condy Rice was instrumental. Surprisingly both SOSs - Albright and Rice - were students of Albright's father - one Mr. Korbel.

Vayutuvan · Post by **Vayutuvan** » 05 Jan 2017 08:14

Mort Walker wrote:The guy is smoking some serious stuff. India needs massive manufacturing within country be it for consumer or defense goods. It will not only generate employment, but create a larger knowledge base than the service industry.

Mort, right on the dot. The canary in the mine is Switzerland most of their GDP is from services - banking and insurance. Their tissot watches were inferior in good time keeping vis a vis Casio back in mid 80s. Who wears a watch now a days? Everyone has a the wonder gizmo in hand which is a camera, video recorder, phone, window into the Internet, ...

Vayutuvan · Post by **Vayutuvan** » 05 Jan 2017 08:19

NRao wrote:I think India and the US are perhaps the only two nations that are economically 'self contained'. Not saying that they can expect huge growth, but they do not need to rely on others to do well.

Patently untrue. China is the other. They are the three or gets if one goes by population. Each has enough land mass to support the population they have and would have in the next few decades.

Vayutuvan · Post by **Vayutuvan** » 05 Jan 2017 09:16

Yagnasri wrote:DT may be an idiot and all that, but he won the elections as per the rules of the game.

Well said. Dems want to change the rules of the game when the game is not going their way. Happened in 2000. They were a little more cunning during Jack Kennedy. They gerrymandered so that JFK would win and start nepotism in US politics by appumtng his bro (and co-paramour of Maryln Monroe) as attorney general. Roosevelts, Adams, Clintons, Bushes, and of course Kennedys are the dynasties of the US. The last honest president was Lincoln, a republican.

shyam · Post by **shyam** » 05 Jan 2017 10:13

ramana wrote: CRS why don't you tell how US works?
And will make sure he gets to read it.
Serious.

All theories about how US works has to be invalidated after Trump's election. Everything is changing, including America's relation with Russia. We have seen only political leaders listening to / repeating what Kissinger says. After Trump's election Kissinger repeats what Trump was saying. Secret services and deep state are in disarray / split and losing credibility. Need to listen carefully to what Trump says and recalibrate BR's opinion of Trump's US.

Vayutuvan · Post by **Vayutuvan** » 05 Jan 2017 11:08

Dipanker wrote:Beside, nationwide the democrats have the bigger coalition, both in terms of numbers and diversity. If we look at the last 7 presidential elections, Republicans have lost the majority/popular votes 6 times out of 7! 2004 is an exception because a sitting president is not voted out while he is in the middle of war he started.

Nationwide Republicans are a minority now and a minority group can not call majority group's positions on issues anti-national.

Popular vote means zilch. Do you want to bow down to the tyranny of majority? Dems want to impose the tyranny of the majority but when they are in minority complain loudly about the tyranny of the majority. Which is it? Is it popular vote or tyranny of the majority? Please one or the other instead if talking from both ends - mouth and backside.

Vayutuvan · Post by **Vayutuvan** » 05 Jan 2017 11:15

komal wrote:Agree there was mutual benefit. In fact, the USA benefited much from all the IITS.

Please quantify. I am sure it is quantifiable unless you are talking some wish washy creative accounting of company good will

Raja Bose · Post by **Raja Bose** » 05 Jan 2017 11:34

CNN farticle:
2.5 billion people, nukes and missiles. What could go wrong?
[url]http://www.ch*tiyanandannetwork.com/2017/01/04/asia/china-india-icbm/index.html[/url]

I guess it would be asking too much from our brown sahib DDM to publish an article titled '7000 nukes in hands of 300 million people led by a sociopath, what could go wrong?'

SSridhar · Post by **SSridhar** » 05 Jan 2017 11:51

Raja Bose wrote:CNN farticle:
2.5 billion people, nukes and missiles. What could go wrong?
[url]http://www.ch*tiyanandannetwork.com/2017/01/04/asia/china-india-icbm/index.html[/url]

I guess it would be asking too much from our brown sahib DDM to publish an article titled '7000 nukes in hands of 300 million people led by a sociopath, what could go wrong?'

That article is unadulterated balderdash. It has been written by two gentleman with Indian names. Unless they are Americans partial to a particular American viewpoint or Indians who have been told to stick to a particular line by CNN, I am not sure why these gentleman could not have produced a much better article. Glaring errors like for example, " . . .which you fought a war against in the 1970s". Consign it to dustbin.

Philip · Post by **Philip** » 05 Jan 2017 13:21

The world hopes that a pragmatic Trump presidency would lower international tension by striking an understanding with Russia on global hotspots.This is achievable as Russia is most concerned about events promoted by the EU/West at undermining the cordial relationship that the former Warsaw Pact states had with the former USSR,especially the expansion of NATO to Russia's borders.The UKR coup was the red line that Russia would not accept.

With China,the task is more difficult,as the Chinese have a clear hegemonist and expansionist agenda for the Asia-Pacific region all the way to the Gulf and ME theatre using the conduit/corridor of honorary (nuclear armed) province of the PRC,Pakistan..Handling China on the eco front too will be v.problematic.The best way to derail China is to derail it economically by shifting production of US cos. from China back home and to other friendly nations in the Asia-Pacific region. Extra duties on Chinese dumping on steel,etc. required as well as atotal ban on Chinese produced electronic goods , cell phones,etc. as they pose an electronic threat from Chinese intel. using back-door systems.

We will face problems if Trump curtails IT jobs at home and visas for our IT professionals working in the US,by forcing the IT industry to locate more jobs back home. There could even be some sort of taxation for IT products acquired from abroad. We'll have to wait and see how this develops. Otherwise,I see a positive Indo-US relationship that will steadily grow,step by step,preferable to sudden bursts of bonhomie ,later accompanied by steapping backward.

sooraj · Post by **sooraj** » 05 Jan 2017 14:03

Trump appoints Indian-American to key White House post

Shah, whose parents immigrated to the US from Gujarat, has been appointed as deputy assistant to the President and deputy communication director and research director, as per an announcement made by the Presidential Transition Team.

Shah, who is in his early 30s, is currently head of Opposition Research in the Republican National Committee.

In this position, he led a team of experts to carry out research against Hillary Clinton, the Democratic presidential candidate. Shah was behind all the anti-Clinton campaign during the presidential elections.

Rishi Verma · Post by **Rishi Verma** » 05 Jan 2017 14:34

^^ this fourth cousin of Amit Shah may or may not be good for India but it will suarly give heart-burn to pakis and that's just fine.

Raja Ram · Post by **Raja Ram** » 05 Jan 2017 15:25

Been a long while in posting. While reading this thread, I feel that somethings (and some members) don't change in BRF! While there can be a lot of speculations on what the new administration will or will not do, when it comes to Pakistan or for that matter our region, one thing that I believe is that things have changed on how India approaches US relations.

There is now a right balance in terms of forging a mutually beneficial relationship that will factor in areas of differing perceptions so that the common ground work can get ahead with it. What is increasingly apparent, is Delhi has moved from a purely ideological driven view point on multi lateral negotiations and uses an objective real politik lens in coming to agreements or addressing differences with the US. This is demonstrated time and again be it at the WTO rounds, Climate Rounds, Afghan talks or taking practical calls on Defence Offers. It is also clear that the Indian government has moved away from a position of "US ka kya reaction hoga" before taking any action regionally when it comes to Pakistan or Afghanistan or SA region in general.

We do things and if it coincides with US interests well and good, otherwise we have our reasons and if the USG reaches out, they are informed accordingly. Most famously and recently demonstrated during Surgical Strike.

Trump seems to recognise this or at least part of his team are aware of this ground reality. What he will do, is a function of his abilities and the US Deep State's tentacles. A sort of irresistible force meeting immovable object! For now, US - India relationship will demonstrate a continuity of deepening engagement without letting down of guard by both sides.

Just a take for what it is worth!

Lalmohan · Post by **Lalmohan** » 05 Jan 2017 15:55

actually I think little has changed. we are not central to American thinking - and we will be less so under Trump. We are not central to Russian thinking. both sides will pay us lip service whilst they focus on their euro/atlantic frontier power balance. the only benefit is that we 'may' have a freer hand with Pakistan than previously - depending on what else is going on

UlanBatori · Post by **UlanBatori** » 05 Jan 2017 16:29

"he led a team of experts to carry out research against Hillary Clinton, the Democratic presidential candidate. Shah was behind all the anti-Clinton campaign during the presidential elections."
AoA! A BRFee!

Other than Pleet Bhalala and a couple of ppl in the military, these are the first signs of desis/ABCDs in positions not defined as "Do no Harm"

Not Gandian. Or Ahimsic.
The Other side has very badly underestimated the 'Zee's knowledge of desis.

komal · Post by **komal** » 05 Jan 2017 16:47

Lalmohan wrote:actually I think little has changed. we are not central to American thinking - and we will be less so under Trump. We are not central to Russian thinking. both sides will pay us lip service whilst they focus on their euro/atlantic frontier power balance. the only benefit is that we 'may' have a freer hand with Pakistan than previously - depending on what else is going on

Well said.

panduranghari · Post by **panduranghari** » 05 Jan 2017 19:25

komal wrote: Instead the USA chose to pay tribute to Pakistan to prevent attacks on US soil.
.

If you are being facetitious, its a poor attempt at humour. Do you really believe in this?

CRamS · Post by **CRamS** » 05 Jan 2017 20:25

Lalmohan wrote:actually I think little has changed. we are not central to American thinking - and we will be less so under Trump. We are not central to Russian thinking. both sides will pay us lip service whilst they focus on their euro/atlantic frontier power balance. the only benefit is that we 'may' have a freer hand with Pakistan than previously - depending on what else is going on

Close but no cigar. True, India is definitely not central to US thinking, much less to a white Christian nationalist like Trump & Co, but remember, US institutions like its deep state (CIA, Pentagon, State det) are mighty strong and rock solid. All tasked with ensuring supremacy of US empire and its real strategic allies: Israel, UK, Europe, Aus, NZ etc. This is key. So while India may not be strategic in this scheme of things, containing India in a "South Box" is crucial to achieving this objective. So India may not have all that much of a free hand to deal with TSP as you speculate. US will game everything between India and TSP, and ensure parity so neither India nor TSP can overwhelm the other, but controlled chaos is what US will maintain.

But on balance, Trump is a better bet for India IMO. Reason being that it will be a strictly transnational relationship. Moreover, his hard-line stance on Islamists will have a collateral benefit for India. Certainly RAPE Muslim elites in India like Irfan Habib, Rana Ayube etc will be cut to size unlike the case had Hillary won and Huma Abedin would have been a Moghul princess in the Durbars of Delhi and Mumbai pontificating on "Hindu extremism" (not to mention how TSP would have harnessed all that).

habal · Post by **habal** » 05 Jan 2017 20:36

CRamS wrote:Close but no cigar. True, India is definitely not central to US thinking, much less to a white Christian nationalist like Trump & Co, but remember, US institutions like its deep state (CIA, Pentagon, State det) are mighty strong and rock solid. All tasked with ensuring supremacy of US empire and its real strategic allies: Israel, UK, Europe, Aus, NZ etc. This is key. So while India may not be strategic in this scheme of things, containing India in a "South Box" is crucial to achieving this objective. So India may not have all that much of a free hand to deal with TSP as you speculate. US will game everything between India and TSP, and ensure parity so neither India nor TSP can overwhelm the other, but controlled chaos is what US will maintain.

If they were that successful as you claim them to be. We would not have made it thus far. We have nuclear bombs, nuclear power stations, nuclear submarines, missiles that can go 6k and soon missiles that can go 12k w/mirv. We are fourth largest economy ppp and still growing. We are fastest growing economy in world in 2015-16, we will be an economic superpower even without any effort at this momentum, literally on auto-pilot. We control Indus-headworks flowing into pakistan supplying 70% of water into pakjab. India produces largest pool of scientific/technical talent in the world. West needs India to keep it's growth rather than other way round. So much for keeping India in a box, where we grow year on year, kinda nice box to be in don't ya think.

Lalmohan · Post by **Lalmohan** » 05 Jan 2017 20:48

the truth as always is somewhere in the middle

NRao · Post by **NRao** » 05 Jan 2017 22:37

Lalmohan wrote:actually I think little has changed. we are not central to American thinking - and we will be less so under Trump. We are not central to Russian thinking. both sides will pay us lip service whilst they focus on their euro/atlantic frontier power balance. the only benefit is that we 'may' have a freer hand with Pakistan than previously - depending on what else is going on

1) I agree that not much has changed, and furthermore, at the moment it is foolish to expect much to change. The hyphenation and tier-N treatment of India has been there and is there. What I would like to add is that, that is true (no change) at both ends, the Indian analysts are where they were

2) The recent introduction of "strategic" - as I have posted many a times - is the narrowing of alignment in one or two areas. Just that these one/two areas are SO important to the two nations they have taken on a meaning of their own

3) India will be the ONLY governing factor to break up #1. No one else will or even can do it. Forget this or that nation supporting Indian seat at the SC - nope. ONLY India can (and will) work her way to that seat (which I do not think is worth the effort)

4) "Transactional" - which national relation is not? US-Israel? US-Russia? US-UK (on Israel)? To think that a national relation is non-transactional is .............. They ALL are, have been and will always be. Israel is not giving India techs because they love India. Neither did the Soviets give India what they did because of some love or great friendship - there are plenty of horror stories their too

5) Having said all that, I am very bullish on "India" and her rise. I agree about the lip service, but that - IMVVHO - will change. It will, however, remain transactional, but India will be important enough to be FAR more than an afterthought. BUT, it will be up to Indians - no one is going to ask India to the table. That should not be expected.

Lalmohan · Post by **Lalmohan** » 05 Jan 2017 22:50

re free hand... if Trump bigs up an anti-jihadi message and then if India does more surgical strike retaliation, then the US doesn't have much of a fig-leaf to urge restraint as it does today

trump has pretty much signalled that he is willing to pull back from Syria and Ukraine and the Baltics are probably running very scared right now. Putin will be happier once the 'border' has shifted back towards Hungary and Poland (but not necessarily into those countries) - that is his main khujli - pushing the bush era eastward expansion back by non-violent means has been the strategic objective

even china is a second tier concern in this mix, although trump seems determined to create a more hot situation across the pacific than others; he may urge india to get involved

NRao · Post by **NRao** » 05 Jan 2017 23:10

he may urge india to get involved

That urging is already there (joint patrols, etc). It has been verbally tempered down by India - so far.

On a diff topic:

Donald Trump firm cancels talks over projects in India, Brazil

g.sarkar · Post by **g.sarkar** » 05 Jan 2017 23:52

http://www.rediff.com/business/report/b ... 170105.htm
Bill targeting H1B visas reintroduced in US Congress
January 05, 2017 11:36 IST
A bill backing key changes in the H1-B programme that allows skilled workers from countries like India to fill high-tech jobs in the US has been re-introduced in the US Congress by two lawmakers who claim that that it will help crack down on the work visa abuse.
The 'Protect and Grow American Jobs Act', which, makes important changes to the eligibility requirements for H1-B visa exemptions was re-introduced on Wednesday by Republican Darrell Issa and Scott Peters - both from California.
The bill, among other things, increases the minimum salary of H-1B visa to $100,000 per annum and eliminate the Masters Degree exemption.
The legislation, they argued, will help crack down on abuse and ensure that these jobs remain available for the best and brightest talent from around the world.
The bill comes after a number of companies -- Disney, SoCal Edison and others -- have come under fire for abusing the H1B visa programme to replace American workers with those from other countries.
.....

IMHO stopping H1 and L1 visas are far easier to do than to stop cheeni imports. DT has to show he is doing something to stop pharin maal, so this will pass in some form.
Gautam

NRao · Post by **NRao** » 06 Jan 2017 00:11

g.sarkar wrote: IMHO stopping H1 and L1 visas are far easier to do than to stop cheeni imports. DT has to show he is doing something to stop pharin maal, so this will pass in some form.
Gautam

Nothing to do with Trump, who will be far less generous.

This bill was first introduced 7/14/16. https://www.congress.gov/bill/114th-con ... -bill/5801 and reintroduced now.

But how is anyone going to verify the salary I wonder. And what does it include?

GShankar · Post by **GShankar** » 06 Jan 2017 00:21

Interesting that the above news is only circulating in certain desi related media outlets. A quick look reveals that this is not reported in murthy.com, my goto site. Since I am feeling less lethargic Today, also looked up congress.gov and the bill has not been re-introduced per where I am looking in the site.

https://www.congress.gov/bill/114th-con ... %5D%7D&r=1

H.R.5801 - Protect and Grow American Jobs Act

Sponsor: Rep. Issa, Darrell E. [R-CA-49] (Introduced 07/14/2016)
Committees: House - Judiciary
Latest Action: 09/08/2016 Referred to the Subcommittee on Immigration and Border Security.

14th CONGRESS
2d Session
H. R. 5801

To amend the Immigration and Nationality Act to modify the definition of “exempt H–1B nonimmigrant”.

IN THE HOUSE OF REPRESENTATIVES
July 14, 2016
Mr. Issa (for himself, Mr. Peters, Mr. Polis, Mr. Vargas, Mr. Farenthold, Mr. Smith of Texas, Mr. Hunter, and Mrs. Davis of California) introduced the following bill; which was referred to the Committee on the Judiciary

A BILL
To amend the Immigration and Nationality Act to modify the definition of “exempt H–1B nonimmigrant”.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.

This Act may be cited as the “Protect and Grow American Jobs Act”.

SEC. 2. FINDINGS.

The Congress makes the following findings:

(1) The H–1B visa program allows businesses temporarily to hire highly skilled foreign workers with specialized knowledge, where a qualified worker in the United States cannot be found.

(2) In 1990, the Congress created the H–1B visa program to help ensure that access to qualified highly skilled professionals was not an obstacle to economic growth and job creation in the United States.

(3) The H–1B visa program was never intended to be used as a catalyst for laying off workers in the United States and replacing them with H–1B workers.

(4) The unintended consequences of the H–1B visa program enabled a small number of companies to hire large numbers of H–1B workers relative to their United States worker populations.

(5) In 1998, Congress passed new enforcement provisions to the H–1B program in order to prevent companies from displacing United States workers with lower-cost foreign professionals.

(6) The 1998 revisions defined a new class of H–1B dependent employers and established additional conditions on their business and hiring practices unless they paid sufficiently high wages.

(7) The 1998 revisions, however, did not index wage requirements to keep pace with wage growth, and, as a result, the strength of provisions designed to protect workers and employers committed to hiring United States workers was reduced significantly.

SEC. 3. PURPOSE.

The purpose of this Act is to close a loophole in the H–1B visa program by requiring H–1B dependent employers once again to pay sufficiently high wages to ensure the protection of the workforce in the United States and to remove other impediments to proper H–1B visa enforcement.

SEC. 4. EXEMPT H–1B NONIMMIGRANT DEFINED.

Section 212(n)(3)(B) of the Immigration and Nationality Act (8 U.S.C. 1182(n)(3)(B)) is amended—

(1) by striking clause (i) and inserting the following:

“(i) the term ‘exempt H–1B nonimmigrant’ means an H–1B nonimmigrant who receives wages (including cash bonuses) at an annual rate equal to at least the greater of $100,000 or the applicable adjusted amount under clause (iii);”;

(2) in clause (ii), by striking the period at the end and inserting “; and”; and

(3) by adding at the end the following:

“(iii) the amount described in clause (i) (as of the last increase to such amount) shall be increased, effective for the third fiscal year that begins after the date of the enactment of this clause and for every third fiscal year thereafter, by the percentage (if any) by which the Consumer Price Index for the month of June preceding the date on which such increase takes effect exceeds the Consumer Price Index for the same month of the third preceding calendar year.”.

Mort Walker · Post by **Mort Walker** » 06 Jan 2017 00:50

NRao wrote:
g.sarkar wrote: IMHO stopping H1 and L1 visas are far easier to do than to stop cheeni imports. DT has to show he is doing something to stop pharin maal, so this will pass in some form.
Gautam
Nothing to do with Trump, who will be far less generous.

This bill was first introduced 7/14/16. https://www.congress.gov/bill/114th-con ... -bill/5801 and reintroduced now.

But how is anyone going to verify the salary I wonder. And what does it include?

The law can't verify salaries, but it can verify billing rates for services provided. Various companies like Infosys, Wipro, TCS and Cognizant have been aware of this for some time. They are globally competitive in terms of price and services to stay competitive. Many H1 and L1 people who have been in the US for a while have had their professional and personal lives become stagnant and individuals may welcome such a change in the law.

NRao · Post by **NRao** » 06 Jan 2017 01:04

Trying to understand.

How does billing rate verification help the situation? The BR is a factor, so I increase that factor (still below US companies), pay the resource a wee bit more and pocket the rest.

Unless these companies hire US GC/Citizens, I do not see much use of it. The employee needs some mechanism to complain in the event the law is being circumvented and a foreign employee is still at the mercy of the employer.

Anyways. Whatever. I happen to think Trump will cut the number fo visas are throw the whole program out.

nachiket · Post by **nachiket** » 06 Jan 2017 01:17

The wage is usually specified in the Labor Condition Application filed prior to filing for H1-B, along with a prevailing wage for that kind of job, which needs to be equal or lower.

The problem with this bill is it does not take into account geographical variations in prevailing wages. Silicon Valley wages are inflated due to high living costs. Wages for the same position in other US states would be lower. $100k minimum might be ok for SV, NYC etc. but seems way to high for other places. Even in SV, new M.S. grads may not get that much.

Y. Kanan · Post by **Y. Kanan** » 06 Jan 2017 06:04

Everybody keeps talking like it's a foregone conclusion the American H1-B VISA program is good for India. I still maintain this insidious instrument of brain drain does far more harm to this country than it helps. IMO let the Americans do whatever the hell they want; we'd be better off. If this new law results in less H1-B VISA employees being sought by US companies, so much the better for us.

NRao · Post by **NRao** » 06 Jan 2017 06:42

Y. Kanan wrote:Everybody keeps talking like it's a foregone conclusion the American H1-B VISA program is good for India. I still maintain this insidious instrument of brain drain does far more harm to this country than it helps. IMO let the Americans do whatever the hell they want; we'd be better off. If this new law results in less H1-B VISA employees being sought by US companies, so much the better for us.

That was my feeling too - long time back.

However, recent cursory enquires seem to indicate two things:

1) Indian clients are much tougher negotiators in terms of rates (and recently someone posted here that the clients tend to renogotiate as they go along(??)), and
2) I have heard this from a number of youngsters - they would much prefer to go back (to India), but they are not treated as well by the very same employer in India as they are abroad

Finally, my latest peeve, I suspect Indian consulting companies would hire someone in the US, make their large profits and the higher ups pocket MOST of them.

However, I recently read that some of the States in India are leaning on such consulting companies - which is really good news.

vera_k · Post by **vera_k** » 06 Jan 2017 09:05

nachiket wrote:The problem with this bill is it does not take into account geographical variations in prevailing wages. Silicon Valley wages are inflated due to high living costs. Wages for the same position in other US states would be lower. $100k minimum might be ok for SV, NYC etc. but seems way to high for other places. Even in SV, new M.S. grads may not get that much.

Well, Bill Gates testified before Congress 10 years ago that new hires get $100,000.

Singha · Post by **Singha** » 06 Jan 2017 09:26

http://edition.cnn.com/2017/01/05/ameri ... index.html

looting erupts in mehico over 20% rise in petrol price

Y. Kanan · Post by **Y. Kanan** » 06 Jan 2017 11:32

NRao wrote:
Y. Kanan wrote:Everybody keeps talking like it's a foregone conclusion the American H1-B VISA program is good for India. I still maintain this insidious instrument of brain drain does far more harm to this country than it helps. IMO let the Americans do whatever the hell they want; we'd be better off. If this new law results in less H1-B VISA employees being sought by US companies, so much the better for us.
That was my feeling too - long time back.

However, recent cursory enquires seem to indicate two things:

1) Indian clients are much tougher negotiators in terms of rates (and recently someone posted here that the clients tend to renogotiate as they go along(??)), and
2) I have heard this from a number of youngsters - they would much prefer to go back (to India), but they are not treated as well by the very same employer in India as they are abroad

Finally, my latest peeve, I suspect Indian consulting companies would hire someone in the US, make their large profits and the higher ups pocket MOST of them.

However, I recently read that some of the States in India are leaning on such consulting companies - which is really good news.

I will admit to some bias here as I'm self employed now and haven't gotten to experience a sh*tty boss in years. I forget how demoralizing it can be.

LokeshC · Post by **LokeshC** » 06 Jan 2017 11:41

That Bill was introduced by Darrel Issa. I know him indirectly through some contacts. All I can say is Trumps narcissism and "sociopathic" behavior looks saintly compared to this guy:

http://www.newyorker.com/magazine/2011/ ... ryan-lizza

Issa was soon suspected of doing something worse: burning down the factory. The initial notion that an electrical socket had caused the fire was challenged. The science of determining whether a fire was caused by arson can be flawed. But a fire-analysis report commissioned by the St. Paul insurance company, and dated October 19, 1982, a month after the incident, concluded that the fire was “incendiary.”

A true capitalist. Only.

He is in one of the big house committee (judiciary I believe) and barely won this election in a dark red area in the otherwise bluish California.

LokeshC · Post by **LokeshC** » 06 Jan 2017 12:41

Singha wrote:http://edition.cnn.com/2017/01/05/ameri ... index.html

looting erupts in mehico over 20% rise in petrol price

I was in this area (near Monterrey) for New Years celebration. Thankfully back home now.

Need some espanol understanding for the following one, but basically people almost lynched the Governor there.

On top of gasoline, they jacked up property tax rates and electricity rates and they plan to use it to help pay for social security. What they really need is more employment and more industries and a higher tax on the rich, but they are going the welfare state way before getting industrialized fully. With Trump coming to power, the future of Mehico is looking very bleak.

Imagine if these guys went through demonetization. There would be a bigger revolution than the french one if something like DeMo happened in Mx.

hnair · Post by **hnair** » 06 Jan 2017 13:20

LokeshC wrote:That Bill was introduced by Darrel Issa. I know him indirectly through some contacts. All I can say is Trumps narcissism and "sociopathic" behavior looks saintly compared to this guy:
.....
.....

He is in one of the big house committee (judiciary I believe) and barely won this election in a dark red area in the otherwise bluish California.

amen! shark. was one of the public faces of Gray Davis recall. fits every american stereotype of a political baddie, yet is a long haul survivor. The man seem to pop-up whenever there is a Republican president. Needs to see what is his beef with India

Zynda · Post by **Zynda** » 06 Jan 2017 15:31

H-1B Visa Concerns: Top 4 IT Companies Lose 21,000 Crores In Market Value

Shares of information technology companies such as HCL Technologies, Infosys, Wipro, TCS, Tech Mahindra, Mindtree, Persistent Systems and Mphasis came under heavy selling pressure today after a bill backing key changes in the H-1B programme was reintroduced in the US.

The IT sub-index on the BSE slumped nearly 3 per cent with shares like HCL Technologies, Infosys, TCS, Wipro and Tech Mahindra falling up to 4.5 per cent.

Today's fall wiped out over Rs. 21,000 crore in market value of top four Indian outsourcers: TCS, Infosys, Wipro and HCL Tech.

The bill which allows skilled workers from countries like India to fill high tech jobs in the US, has been reintroduced in the US Congress by two lawmakers who claim that that it will help crack down on the work visa abuse.

The bill, among other things, proposes to increase the minimum salary of H-1B visa holders to $100,000 per annum (from around $60,000 currently) and eliminate the Master's Degree exemption.

Meanwhile, analysts say that if the bill is passed in the US, the operating margins of Indian outsourcers will he hurt.

AK Prabhakar, head of research at IDBI Capital Markets & Securities, says "H-1B visa is main reason for fall in IT shares. If the bill is passed, then it will have an impact 150 basis points on the EBITDA margins of IT companies."

"A few Indian IT companies, like Persistent Systems, which already have 50-55 per cent of local people employed in the US will be impacted to a lesser extent," adds Mr Prabhakar.

He added that along with development on H-1B visa issue, selling pressure is also because some big investors are exiting their positions ahead of third quarter earnings.

NRao · Post by **NRao** » 06 Jan 2017 22:43

Not sure where to post this.

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