Chidambaram flags Indian concerns over H1B visas
Washington: Finance Minister P Chidambaram has flagged to the US Indian concerns over the proposed "discriminatory" fee hike for HiB visas coveted by Indian techies, saying "knowledge workers" should not be confused with immigrants.
The minister, who is here to attend the annual International Monetary Fund-World Bank spring meeting, flagged Indian concerns at a meeting Friday with new US Treasury Secretary Jack Lew as they did a "tour of the horizon" of issues between the two countries. While the Indian embassy here and the departments concerned would "carefully go through the bill" running into 840 pages "there are some provisions related to the H-1B and L1 visas which require a higher application fee if a certain threshold is crossed in employing Indians on site," he told reporters here.
Noting that the bill proposed by the Senate Gang of Eight is of immigration, Chidambaram said he told Lew that "temporary relocation of knowledge workers on site to service a client should not be confused with immigration". "I hope the point is taken," he said.
RBI Chief Raghuram Rajan stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the Rupee's fall is yet to kick in.
Date 11-12-13, Duration 2:19, Views 32