Indo-US Relations:PM Modi to visit US in Sep’14

This could be another milestone in the history of Indo-US relationship, as the Prime Minister of India, Narendra Modi would likely to visit US in September this year.

However, the timing was not yet seems not finalized, according to media reports. Prime Minister Narendra Modi will meet the President of United States Barak Obama in Washington in September 2014.

State Department Deputy Spokesperson Marie Harf  told media on Thursday,  that they would welcome the Prime Minister of India. 

Prime Minister Modi has accepted the invitation from Obama to visit US. 

Inviting Prime Minster of Pakistan for swear-in ceremony, Narendra Modi  given clear vision that that India would be looking for more peace and cordial relationship with other countries. 

This time the visit in September would a advantageous for both US and India and both the countries may talk an various issues including trade, and slowdown.

The general elections gave a clear mandate of BJP lead by Naredra Modi and the BJP formed the government with its NDA allies. 

The impact of stable government was also seen on the stock market, as the Sensex crossed 25,000 mark and Nifty breached 7,000 on Thursday. 

Experts believe that the stable government at the center may work on foreign policy and improving relationship with other countries. 

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US Immigration Bill May Lead IT Companies to Pay Extra

Because of Boston blasts the formal release of US Comprehensive Immigration Bill has been delayed. But, once the bill comes into force it may result in Indian IT companies, bearing substantial new costs.

This will lead to hiring more people locally, changing the outsourcing system. The Bill increases the quota of H-1B visas for highly skilled foreign workers from 65,000 to 110,000, US technology companies such as Microsoft, Google, Apple and Intel will benefit out of it.

Around 50% of the local employees working in most of the Indian companies are on H-1B visas and the bill results in increasing costs for them and imposes restrictions on the companies' ability to increase the H-1B numbers.

According to the online publication 'Politico' companies that bring 30% or more of their workforce from H-1B visa holders will have to pay new fees.

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16% Drop in the US aid to India

John Kerry, US secretary of state has proposed a 16% cut in the American aid to India. This is because of the change from a traditional "donor-recipient" relationship to a "strategic partnership" between the two countries.

A senior state department official said "With respect to India, for the fiscal year 2014, the State Department request is $91 million. This represents a 16% decrease from the fiscal levels 2012.

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