Search Result for : Washington

The Dollar Business Bureau  The US government on Wednesday welcomed the move by IT major Infosys to employ 10,000 American workers in the coming two years, by stating that it was an outcome of the Trump administration’s “pro-growth economic agenda.” On Tuesday, Infosys had announced that it will set up 4 new centres in the US and hire 10,000 Americans in the coming two years as part of the company’s efforts to lessen the impact of the curbs on H1-B visa. Out of the four, the first innovation centre for newer technologies such as machine learning and artificial intelligence (AI) will be opened in August in the Midwestern US state of Indiana, also the home of Vice-President Mike Pence. The announcement by the IT giant is termed ...

The Dollar Business Bureau The Ministry of Commerce had discussions with the officials of the World Bank in Washington, conveying its concerns over the methodology used by the Bank in ranking countries in terms of ease of doing business. The index rates the top economies among 189 countries. The commerce ministry was joined by officials from the Department of Industrial Policy and Promotion (DIPP) in its discussions. DIPP secretary Ramesh Abhishek shared in a tweet that the detailed interaction with the team in Washington DC resulted in creating better awareness about reforms in India. "The Bank team also sensitized on various concerns on methodological and other issues. All departments/agencies made excellent presentations," Abhishek quipped in his tweet. The annual ratings exercise has been a ...

PTI  Finance Minister Arun Jaitley has "strongly raised" the H-1B visa issue with US Commerce Secretary Wilbur Ross, highlighting the important role played by highly skilled Indian professionals in America, officials said. During the meeting here -- the first cabinet-level interaction between the two countries under the Trump administration -- Ross is believed to have said that US has started the process of reviewing H1B visas issues and no decision has been taken on it yet, sources said. Taking up the case of Indian IT companies and professionals, Jaitley told Ross about the contribution of highly skilled Indians in the economic development of the United States and India and stressed that they should continue to do so, which is in the ...

The Dollar Business Bureau On the eve of the arrival of Prime Minister Narendra Modi in Washington, the White House has said that the visit will highlight the collaboration and “shared leadership” between US and India on the world stage. A senior administration official said that the PM Modi’s visit to the US celebrates the outstanding transformation in US-India relations. In the last seven years, both countries have cemented a long lasting bond of friendship, developed on democratic values, open cultures, and admiration for a rule-based order. “From discussions on climate change and clean energy solutions, to strengthening their economic and trade relations, to protecting cyberspace as a driver for growth, to protecting their shared spaces on the sea, in air ...

 The Dollar Business Bureau Stressing on collective efforts to address the challenge of climate change, India has asked the developed world to help developing countries devise their own ways to curb carbon emission. In his address at the Major Economic Forum held in Washington on April 19-20, the Minister of State for Environment, Prakash Javadekar, said that providing critical technologies at affordable cost across the globe is a key to overcome the climate change challenge. “The developed world should not profit from disaster. Climate change is a challenge and not business opportunity,” Javadekar was quoted as having said at the forum in a PIB release. He reiterated India’s commitment for a fair and equitable agreement at the Paris Climate ...