Commenting upon the fears of Trump administration overhauling the popular H1B visa regime, upcoming executive director of South Asian Americans Leading Together (SAALT), Suman Raghunathan, asserted that the step will do little to expand the U.S. economy and will continue to take the nation back. The issue came to light after the U.S. administration said that it had drafted an executive order to overhaul the programme under which software services firms based in India use to send skilled workers to the U.S..
Commenting upon the fears of Trump administration overhauling the popular H1B visa regime, upcoming executive director of South Asian Americans Leading Together (SAALT), Suman Raghunathan, asserted that the step will do little to expand the U.S. economy and will continue to take the nation back. The issue came to light after the U.S. administration said that it had drafted an executive order to overhaul the programme under which software services firms based in India use to send skilled workers to the U.S.
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The defunct Kingfisher Airlines Chief Financial Officer (CFO), A Raghunathan, on Friday (March 11) has appeared before Enforcement Directorate (ED) as part of its probe into a money laundering case. CBI had registered a case against Mallya, Kingfisher Airlines, CFO of the airlines, and unknown officials of IDBI Bank in its FIR alleging that Rs 900 crore IDBI loan was sanctioned in violation of norms regarding credit limits on the basis of complaint received from the bank. Clarifying his position in the loan owed by KFA, Mallya in a recent statement had said after the closure of the airline, since April, 2013, the banks and their assignees have recovered, in cash, an aggregate of Rs 1,244 crore from sale of pledged shares
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The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening the two countries' row over tariffs and trade. The plan to restrict the popular H-1B visa programme, under which skilled foreign workers are brought to the United States each year, comes days ahead of US Secretary of State Mike Pompeo's visit to New Delhi.
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