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US Congress News
44 US lawmakers urge Trump administration to restore India's trade privileges
Wed, Sep 18, 2019
In the letter addressed to United State Trade Representative Robert Lighthizer and dated Sept. 17, the members of Congress said: "Just as U.S. industries are harmed by lack of fair and reciprocal access to India`s market, American companies and workers also are harmed by new tariffs due to the GSP termination."
In budget, Trump to ask Congress for $8.6 billion for border wall
Sun, Mar 10, 2019
The proposal comes on the heels of a bruising battle with Congress over wall funding that resulted in a five-week partial federal government shutdown that ended in January, and could touch off a sequel just ahead of a trifecta of ominous fiscal deadlines looming this fall.
Setback for immigrants, US President Donald Trump takes to Twitter, says 'No more DACA deal'
Mon, Apr 02, 2018
In order to end debate and move forward to a vote on a measure or piece of legislation, Senate rules require 60 votes in the 100-member Senate. Republicans now only control 51 seats, and GOP Senate leaders have opposed Trump`s repeated call to change the longstanding rules.
New US Fed chair Jerome Powell wins Wall Street praise despite stock drop
Wed, Feb 28, 2018
Jerome Powell’s prepared testimony and parrying of questions during the roughly three-hour hearing at the House of Representatives Financial Services Committee reassured investors about his ability to steer the Fed.
US federal shutdown at hand after fiscal hawk's dissent
Fri, Feb 09, 2018
At midnight on Thursday, funding authority for most federal agencies expired without any intervening action by Congress.
Apple wins big with US tax bill but faces snag on foreign patents
Thu, Dec 21, 2017
The treatment of foreign patent profits is important to Apple because shifting those profits overseas was a cornerstone of its tax practices for decades.
H1B workers may work for more than one employer: USCIS
Wed, Dec 13, 2017
The H1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.
With rate hike in the bag, Federal Reserve may hint at Trump effect on economy
Wed, Dec 13, 2017
The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration`s tax overhaul could affect the U.S. economy.
Facebook to provide US Congress with over 3,000 Russia-linked ads
Tue, Oct 03, 2017
The moves come as the company is under pressure from multiple congressional committees that are investigating Russian interference in the 2016 election
H-1B Visa: US Congress introduces bill seeking exemption for foreigners with American PhD
Sat, May 27, 2017
US Congressmen Erik Paulsen and Mike Quigley have introduced a bill that seeks exemption for foreign-born persons with an American PhD in science, technology, engineering or mathematics from the limits on the number of employment-based green cards and H-1B visas awarded annually.
No policy yet in US to curb visas, we are talking: Swaraj
Thu, Mar 30, 2017
External Affairs Minister Sushma Swaraj said in the Rajya Sabha that the Indian government is talking to the Trump administration as well as the US Congressmen, giving proper data and reasoning to press home the point that the relationship between Indian IT companies with the US is mutually-beneficial.
Actual workings of visa programs are not well understood by US policymakers, says Nasscom
Mon, Mar 06, 2017
Nasscom heads met with key policymakers in the US Congress and the Trump administration today.
US political parties reintroduce Bill against outsourcing jobs in US Congress
Fri, Mar 03, 2017
A bipartisan Bill was on reintroduced in the US Congress on Friday to make companies that move call centres overseas ineligible for grants or guaranteed loans from the government.
India steps up lobbying efforts against curbs on H-1B visas
Fri, Feb 24, 2017
India's trade minister Nirmala Sitharaman said New Delhi had reached out to the administration of President Donald Trump to stress the importance of India`s $150-billion IT services industry to US citizens.
Commerce Minister Nirmala Sitharaman to meet industry on impact of US visa regime change
Mon, Feb 06, 2017
The Indian Commerce Ministry will soon hold a meeting with industry on dealing with the possible fallout of the changes in American H-1B visas regime for skilled workers, Commerce Minister Nirmala Sitharaman said on Monday.
H1-B visa proposed minimum wage hike negative for Indian IT industry: ICRA
Wed, Feb 01, 2017
With the US President Donald Trump is expected to sign a new executive order aimed at killing work-visa programmes including the H1-B and L1 visas as part of a larger immigration reform, the order if passed is projected to be negative in the medium to long term for the Indian IT Services sector,
US president Donald Trump should analyse skill shortage in US before signing bill on immigration: Nasscom
Tue, Jan 31, 2017
India's software industry body Nasscom has suggested US president Donald Trump to calibrate the conditions keeping in mind the skill shortage in the US.
IT stocks slump 4% on concerns over H1-B visa
Fri, Jan 06, 2017
IT stocks fell as much as 4% on Friday amid concerns that a bill backing key changes in the H1-B Visa 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.
What would a Hillary Clinton win mean for Indian Pharma?
Mon, Nov 07, 2016
The global generics sector saw a significant de-rating in YTD (year-to-date) in the CY2016 with 1-year forward P/E (price over equity) contracting by 34%, with the past one month itself witnessing an 11%.
Pharma stocks fall sharply as US drug pricing investigation nears completion
Fri, Nov 04, 2016
Media reports suggest that the US Congress investigation into price hikes, that began in October 2014, may be nearing completion, culminating into charges of price collusion against companies / individuals by the year end.