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       INDIA Next Article: JNU students protest against 75 per cent attendance  
       US H1-B visa assurance should end speculations: IACC Chief
 
         Posted on :17:10:34 Jan 12, 2018
   
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       Last edited on:17:10:34 Jan 12, 2018
         Tags: US H1-B visa, end speculations, IACC Chief
 

NEW DELHI: Welcoming the reported news in certain sections of the newspapers and news channels that the US immigration officials have clarified that they are not contemplating any regulatory changes that would compel the H1-B visa holders to leave the United States after six year limit, Vasant Subramanyan, National President, Indo-American Chamber of Commerce (IACC) said, " This assurance by the US authorities should put to rest all speculations and rumours that caused panic in the minds of people having short term work permits."

In a statement issued today, the IACC President said the unprecedented cordial and diplomatic relationship between India and the United States, two largest and oldest democracies in the world, can address many issues and find amicable solutions in a spirit of "give and take."

In a dynamic economic engagement, there can be many challenges and "wish lists" that may haveto be addressed. "I am surewhateverbilateral issues that are awaiting to be resolved will merit the active consideration of both the administrations. IACC through its membership strength and advocacy will work towards creating a conducive environ to address such issues, be they relating to India's or US's wish lists or concerns," he added.

Subramanyan said that the Gresham's law in economics, which says that bad money drives good money out of circulation, is also applicable in the bilateral economic engagement in the sense that progress in bilateral economic relations at times get smarred by certain challenges. In the last few years, the bilateral economic relations between the two countries have been at its best. Trade has increased. Investments have picked up substantially both in terms of quantum and quality. Technical hand-holdings are its record high. Yet, these positive developments may become obscure when irritants and challenges crop up, such as the H1-B visa or any other issue that may have to be addressed by the political administrations, which have to take a balanced viewin a dispensation where politics and economics cannot be segregated all the times, he added.

Subramanyan said that the IACC will work towards putting some of these positive developments in the bilateral relations in the public domain.

"That will form part of the Golden jubilee celebrations of IACC. Ours is the only apex bilateral chamberthat are having membership of both Indian and the US corporations, set up by the initiatives of businessmen from both countries. Our views, perceptions and tenor of advocacy are balanced, keeping in view legitimate business interests of corporations from both sides," he pointed out.

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       INDIA
Next Article: JNU students protest against 75 per cent attendance
 
 
INDIA HEADLINES
Senior Congress leader Danam Nagender resigns  
UP: Infant crushed to death by father  
Teased for dark skin, woman poisons food at family function  
Mamata cancels first China visit as 'political meetings at appropriate level' not confirmed by CPC  
Javadekar assures students will not have to travel outside home state for NEET  
No interim order by HC against felling trees for south Delhi re-development  
Interpol RCN against Nirav Modi likely soon  
Surat court issues arrest warrant against Nirav Modi  
Kejriwal is in good condition,says naturecure institute  
Shah to address rally in Jammu tomorrow  
2 terrorists killed in Anantnag encounter  
GST brought positive changes in Indian economy: PM Modi  
Congress' Saifuddin Soz backs Musharraf's remark on Kashmiris  
HC asks for details of physiotherapy facilities in Tihar Jail  
Aircel-Maxis case: SC judge recuses from hearing Swamy's plea  
HC refuses to grant relief to Zakir Naik  
J-K Governor calls all-party meeting tomorrow  
Include Yoga in school courses to build a healthy nation: Naidu  
Swaraj, Sitharaman to visit US for 1st 2+2 dialogue  
Mamata cautions TMC workers against infighting, complacency  
Bengal BJP leader's tweet signals fissure in party  
Owaisi flays BJP over passport official 'humiliating'  
Court gives 2-yr jail term to SP for custodial torture  
15 tonnes of beef seized, 3 arrested in Maha's Kalyan  
Govt bans new offshoots of al-Qaeda, ISIS under anti-terror law  
 
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