Global business leaders are hoping for relaxed immigration regulations to help bring in more skilled foreign workers, who want to capitalise on the opportunities provided by a rebounding economy, says a survey.
Royal Dutch Shell has also announced that it would slash 5,000 jobs by year end, including 'hundreds' in Houston as part of a sweeping reorganisation new CEO Peter Voser said is needed to make the company more competitive.
President Barack Obama last week paid rich tributes to the late Dalip Singh Saund -- the first Asian-American and Indian-American United States Congressman -- and described him as a trailblazer. Aziz Haniffa reports.
No one can deny that but for Parliament our unity as a country could never have been what it is today, says Suresh Prabhu, who has been elected to the Lok Sabha four times.
The history of our nation may not always have charted a linear trajectory to greatness. But that must not distract us from recognising that we as a nation we continue to find new and innovative ways to reconcile contradictions, transcend fault-lines thus avoiding the pitfalls of so many of our neighbours, says Shashi Shekhar.
'Let's talk a bit about minimum and overtime wages, since that is a topic so dear to everyone's heart. After all, critics say that heartless Devyani paid poor Sangeeta neither the minimum wages nor overtime wages and since "in this country we don't do it this way," she deserves to go to jail. But the FLSA itself makes several occupations exempt from either payment of minimum wages or from overtime wages or both. Disabled people need not be paid minimum wages under FLSA. Seamen on American vessels have to be paid minimum wages but seamen on other than American vessels need not be. So how fair is the Fair Labor Standards Act,' asks Sharmista Khobragade, diplomat Devyani Khobragade's sister.
The count of Americans seeking unemployment benefits for the first time climbed unexpectedly by 17,000 to 551,000 for the week ended September 26, indicating that labor market remains strained despite easing economic conditions.
Currently, the company employs about 219,000 people worldwide.
As Labor and the opposition Liberal-National party coalition were projected to win 73 seats each in the 150-seat parliament, the three independents, Rob Oakeshott, Tony Windsor and Bob Katter have virtually become kingmakers.
The United Nations special rapporteur on indigenous rights has said there is "entrenched" racism in Australia. James Anaya didn't pull any punches after his two-week visit of the country, saying the Rudd government should reinstate the Racial Discrimination Act in the Northern Territory "right away" because the intervention into remote Aboriginal communities is clearly discriminatory.
With approximately 2.9 million young men and women ready to begin their undergraduate and post graduate courses, 'many are pondering ways they might be able to avoid the high unemployment and underemployment rate facing the most recent crop of graduates,' global outplacement consultancy Challenger Gray & Christmas said in Chicago on Wednesday.
The number of jobs lost in the United States came down sharply by 247,000 as the unemployment rate declined to 9.4 per cent in July, one of the strongest indications yet that recession in the world's largest economy is easing.
The development model, which they have followed for the past several decades, has failed to substantially reduce poverty and achieve long-term growth, the report released by the UN Conference of Trade and Development, said. LDCs are particularly vulnerable to the current crisis because they have small economies and are so dependent on international trade, capital flows and finance, it said.
Earlier this month, the global financial services major revised its outlook for India's GDP growth for 2009-10 to 6.8 per cent from 5.5 per cent and for the next fiscal to 7.8 per cent from 6.6 per cent. The bank's revision of India's GDP forecast is mainly on higher investment growth, Citi said adding the key driver during FY'03-08 was the 17.1 per cent compounded annual growth in investments.
Westinghouse Electric Company is set to begin discussions with India's Nuclear Power Corporation to reach an agreement on the deployment of Westinghouse AP1000 (TM) nuclear power plants in India.
India continues to be the most favoured back-office of the world, but the Middle East and North Africa region is slowly emerging as a promising offshoring destination, global management consulting firm A T Kearney says.
It further said that as the trends in inflation have remained benign, it does expect any significant changes in monetary policy. The Reserve Bank of India also took monetary easing measures by infusing more than Rs 4,00,000 crore (Rs 4,000 billion) since October.
The new Grassley-Durbin bill would weaken the economy. Here's how to let the H-1B visa program strengthen the US instead.
Four Indian Americans have been selected to the prestigious White House Fellows; whom the First Lady said represents America's "most promising leaders."
The Maryland House of Delegates has passed major legislation authored by Majority Leader Kumar Barve--the longest-serving Indian American legislator--to dramatically reduce greenhouse gas emissions in the state.
A new law and a new study refuel the H-1B debate.
Attorneys for Indian guest workers who are suing Mississippi-based marine and fabrication company Signal International along with its co-conspirators and other entities for human trafficking and racketeering have filed for class certification to include hundreds of additional workers in the lawsuit. If class status is granted by the United States District Court for the Eastern District of Louisiana, the lawsuit could be the largest human trafficking case in US history.
CEO and founder of popular site LinkedIn Reid Hoffman on Thursday urged the US Congress and the Obama Administration to remove the cap on H-1B visas, which enable foreign nationals to live and work in the United States.
Among the different products, Air conditioners and LCD's are expected to have a higher growth rate for next few years in the industry.
Extending credit facilities and introduction of presumptive tax/turnover tax will benefit industry for a better performance.
Unisys said it is exploring a wide range of cost-reduction options and that actions currently underway are expected to reduce its annual cost structure by more than $225 million. The cost-reduction actions -- led by new Unisys chairman and CEO Ed Coleman -- are part of an overall programme to simplify the company's business structure, concentrate its resources more effectively and drive improved market success and profitability, Unisys added.
Indian doctor Mohammad Haneef, who was detained in Australia in connection with the failed London bombings, was today cleared by a special inquiry which said he was 'wrongly charged' in the case, prompting the government to admit that lapses occurred in the handling of the episode.
More than 21 lakh individuals have become jobless in the US ever since the world's largest economy entered into recession last December, with more number of employers resorting to mass layoff actions.
December and January can bring a blizzard of pink slips.
"We are facing the greatest economic challenge of our lifetime. We will have to act swiftly to resolve it. I do not underestimate the enormity of the task that lies ahead," the 47-year-old senator from Illinois, who was elected as the 44th US President, said.
Nine Sikhs joined the Canadian Army and fought in World War I in France and Belgium. This has been discovered by Canadian film maker David Gray who reportedly stumbled on this material while researching for his documentary 'Sikh-Canadian Heroes of the First World War' to be released later this year.
Australian Prime Minister Julia Gillard is set to head the country's first minority government in nearly 70 years after two kingmaker independent MPs on Tuesday extended support to her Labor party, giving it a wafer-thin one-seat majority after the August 21 cliffhanger polls.
US President George W Bush on Thursday said in a major speech on his government's Asian policy that the United States under his administration has dramatically turned around Washington-New Delhi ties, citing the landmark Indo-US nuclear deal. "For example, America has dramatically improved our ties with India, the world's largest democracy, including a historic agreement on civilian nuclear energy," he said.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
India's exponential economic prowess has made Boeing covet that country like never before, said Thomas Pickering, former under secretary of state and former ambassador to India, who after he retired was a vice president with Boeing and who remains a consultant with the aviation giant.
Steel tycoon Lakshmi N Mittal's move to revive and take over the sick steel plant of his brother, Pramod Mittal, in Bulgaria is facing hurdles after a major trade union representing over 2,000 workers raised its opposition.
T Devender Goud, the former No 2 in the Telugu Desam Party, formally launched a new regional political party 'Nava Telangana Praja Party' by unveiling a colourful flag of the party, declaring that the formation of Telangana state was the goal of the party.
External Affairs Minister Pranab Mukherjee left for New Delhi on Tuesday concluding his first visit to Australia during which both the sides inked treaties on extradition and mutual legal assistance and reviewed the entire gamut of bilateral ties including the possible sale of uranium to India.
Terming Prime Minister Kevin Rudd's initiative of setting up nuclear disarmament commission as "half-baked", Australia's opposition party has said it was "an excuse to continue the ban on uranium sale to India".
Considering the sluggish demand in the advanced markets, and the huge working capital needs, the sector seeks funds at or lower than International interest rates
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances