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Fin Min raises H1B issue with US Secretary, Mnuchin

Finance Minister, Arun Jaitley, has raised the issue of stringent H1B visa norms with US Secretary, Steven Mnuchin during their 1st meeting, and outlined the contribution of Indian companies as well as Indian professionals to the U.S. economy.
Jaitley also raised the issue with US Commerce Secretary, Wilbur Ross.
Jaitley highlighted the remarkable progress made in the Indo-US relations over past couple of years, and India’s reform Agenda which was creating new opportunities towards a sound relationship between the two economies.
U.S. President, Donald Trump last week signed an executive order tightening the H1B visa programme to stop its abuse, and ensured visas are only given to highest paid or most skilled petitioners, a step that will affect Indian IT industry in a big way.
Meanwhile, Shaktikanta Das held bilateral meetings with New Development Bank’s president, K V Kamath and International Fund for Agricultural Development’s (IFAD’s) president, Gilbert F Houngbo, separately.