India’s tech industry hails Joe Biden’s stand on immigration, H-1B rules

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The Indian tech industry has welcomed the US President Joseph Biden’s stand on immigration and H-1B visa.

“President Biden has pledged a new approach on Trade and Immigration, as well as a renewed and revitalised interest in science and technology. We appreciate President Biden’s commitment to review and make necessary changes to harmful regulatory policies put in place by the previous administration,” said National Association of Software and Services Companies (Nasscom) in a statement on Thursday.


The previous Donlad Trump administration had placed several curbs and made unfavourable changes to the H-1B visa rules, that is most commonly used by Indian software engineers to travel to the US for work.

Dexpite many representations from various quarters, the Trump administration had brought in harsh rules such as requiring selection of H-1B workers based upon highest salary, paying foreign workers significantly higher wages, redefined the employer-employee relationships and so on.

In a memo on Wednesday, the Biden administration either withdrew or froze some of these provisions.

ALSO READ: Biden’s immigration bill proposes to scrap country cap, to help IT in India

“A modern US immigration system drives innovation,” said Jason Oxman, Information Technology Industry (ITI) President and CEO.

Reliance-Future deal gets Sebi nod, BSE ‘no-adverse-observation’ status

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Market regulator gave a go-ahead on Wednesday to Future Group’s scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its “no adverse observation” report to the Rs 24,713-crore deal.


The Securities and Exchange Board of India (SEBI) allowed the deal with some riders, five months after it was announced last August.

 




The has said the litigation pending before the Delhi High Court and arbitration proceedings by the global e-commerce major contesting the deal should be specifically mentioned by while seeking shareholders or the National Company Law Tribunal approval, the BSE stated in its observation letter.


It has also held that SEBI’s go-ahead on the draft scheme of arrangement would be subject to the outcome of these proceedings.


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Determining the amount of your loan

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If you are applying for a business loan, then you must already be a few years into running your own company.

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Credit checks are a regular part of most loan applications. This is not something you can get out of. It is best to confront your credit before you apply so you know what you are dealing with.  If you find a lower score than you prefer and have some time to work with, focus on some credit repair before you apply for a business loan. Be prepared to have both your business and personal credit score under scrutiny. For a faster

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