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Donald Trump might force Indian IT firms to hire more U.S. workers

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WASHINGTON (Diya TV) — Indian IT companies operating in the U.S. may soon be forced to amp up the hiring of American workers, something President-elect Donald Trump said would be a main pillar of his presidency.

The inconvenience provides further burden on Indian firms such as Infosys, Wipro and Tata Consultancy Services, who are already facing their worst growth dip in a decade. While these businesses are attracting newer projects in areas such as cloud and digital technologies from clients in the U.S., the growth is not offsetting the rapid decline in traditional services that contributes four out of five dollars to their revenue.

Infosys and Cognizant have cut their annual revenue forecast, while Wipro expects flat revenue growth in the quarter to December. This also has prompted India’s software lobby Nasscom to say that it would revise downwards the 10-12 percent growth it had projected in April. U.S. contributes to over 60 per cent of India’s $108 billion software exports.

“Any Trump inspired reform of the U.S. immigration laws will likely make it harder for the IT industry to move its employees into the US market. This will likely take the form of fewer H1Bs, higher cost for visas, and caps on the number of visas the firms can utilize,” says Peter Bendor-Samuel, Founder and chief executive of Everest Group, a global outsourcing advisory.

“The likely response would be to hire more US based resources. Taken together these changes would raise the cost to operate for the industry and reduce the Indian firms cost advantages,” he added.

During his presidential campaign, then-Republican nominee Donald Trump promised to hit IBM with a 35 percent tax for its outsourcing of jobs to India. He also hinted at completely doing away with, or bringing greater regulation to the H-1B visa program.

Nasscom says that India’s IT industry contributes to over $2 billion in annual taxes in the US, with a cumulative of $20 billion over 10 years, while generating 4,11,000 jobs in the U.S. as of 2015. The industry says that U.S. companies benefit from outsourcing as they can allocate resources to critical work locally.

“Given the trade relationship between India and U.S., especially on the IT services business, it may be difficult for the U.S. to take decisions against the industry. The new administration in the U.S. will encourage creation of more jobs for the local people. But, with or without Trump, the transformation in IT services would prompt Indian IT companies to be present close to the customers,” said Dinesh Goel of research firm ISG.

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Harvard to host 17th annual India Conference this February

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CAMBRIDGE, Mass. (Diya TV) — For the 17th year in a row, the graduate students at Harvard University will host an India Conference. It will take place during the weekend of February 15-16, 2020. Two days of exciting discussions through panels, mixers and networking will fill the halls of the Harvard Business School and Kennedy School of Government.

The theme for this year’s conference is Foresight 20/20 – a look at what to expect from India in 2020 and beyond. As one of the largest student led conferences in the USA, the Harvard India conference attracts the biggest headliners from every field – from politics, business, entertainment & the arts. And this year is no different.

India Conference
India Conference at Harvard

With more than 100 speakers and 1000 attendees, the conference promises to have something for everyone. This year’s biggest draw from the entertainment genre is veteran Bollywood actor and self proclaimed ambassador to India, Anupam Kher. Kher has a long standing list of accolades within the film industry. In addition to his acting roles, he has been a producer, director and teacher at his own acting school. Most recently he played the role of Dr. Vijay Kapur on NBC’s primetime drama ‘New Amsterdam‘.

Some other notable speakers this year include founder of the India Today Group, Aroon Purie, Indian Olympic athelete Dutee Chand, comedian and actor, Vir Das, partner at Softbanks’ Vision Fund Lydia Jett & politician and India’s ruling party (BJP)’s sherpa to the G20, Suresh Prabhu.

The harsh winter in Harvard doesn’t seem slow down or dull these brilliant minds in any way. The India Conference at Harvard continues to retain its standing as the conference of choice for deliberating issues ranging from technology, media, politics and eduction to creating solutions for India’s path towards global leadership. The event features brainstorming sessions and sincere discussions on the very real and large scale problems that are uniquely Indian.

Diya TV is a media sponsor to the event and will be on-site covering conference. To receive a 20% discount use code RDAY20 here and to know more about the conference or speakers, head to the IndiaConference.com

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Indian Ambassador, Shringla speaks to U.S. Congress about Kashmir

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AMB. Shringla speaks to congress about Kashmir | Diya TV News

WASHINGTON (Diya TV)  — Indian Ambassador to the U.S. Harsh Shringla met with members of Congress at a private roundtable briefing, hosted by Southern California Congressman Brad Sherman. Sherman, who has been a supporter of India, took to Twitter recently to share his concerns about Kashmir and said serious questions about Kashmir were asked at the briefing.

President Trump is being urged to fix the H1-B visa process and do away with country-specific limits, with the latest effort for reform being spearheaded by 60 U.S. business school deans and CEO’s.

In an earthquake, seconds matter. So on the anniversary of the deadly 1989 Loma Prieta earthquake that rocked Northern California, state officials announced the launch of America’s first statewide earthquake early warning system.

Tabla Maestro Zakir Hussain will be coming to Boston next month to perform at the Berklee India Exchange, where he will also be conferred with an honorary doctorate by the esteemed music school. A Zakir Hussain Scholarship at Berklee is also being established.

And we have incredible video of three kids from India rescuing their dog from a snake that’s equal parts courageous and nuts.

Ravi Kapur contributed to this report.

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Federal Court rules Trump must turn over tax returns | Diya TV News

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Trump Tax Returns

NEW YORK (Diya TV) — A federal judge ruled President Trump must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, striking down the President’s argument that a sitting president cannot be criminally investigated. The ruling was quickly appealed and this case could end up in the Supreme Court to answer the constitutional question of whether presidents can be charged with a crime.

Meanwhile, the President celebrated a victory by FCC Chairman Ajit Pai, as a federal appellate court upheld most of the FCC’s repeal of net neutrality. It also ruled the FCC cannot preempt state net neutrality laws, meaning the rules of the road in states like California remain in place.

The U.S. House Foreign Affairs Committee announced their Asia-Pacific and Non-Proliferation Subcommittee will be holding a hearing asking State Department officials and human rights activists to chime in on Human Rights in Kashmir, the Tamils of Sri Lanka, Muslims in Assam and the human rights situation in Pakistan, which includes the Sindh Province.

Lockheed Martin announced they will build F-16 wings exclusively in India, helping in integrating Indian industry into the $165 billion fighter aircraft market.

Ravi Kapur contributed to this report.

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