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US tells India it is mulling caps on H1Bs to deter data rules

reuters.com

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Re: US tells India it is mulling caps on H1Bs to deter data rules

#51

Post by NTDF9 »

zaroth wrote: post #45
NTDF9 wrote: post #22

Earlier quoted context omitted.

Tell that to Trump. He can't see a win-win when it stares at him.

I think you misunderstood the parent comment. Putting caps on H1B visas isn’t a good way for India to stimulate it’s own startup ecosystem, because the claim is that many Founders are returning to India after a stint with H1B. Capping H1B is classic Trump and threatening to cap it based on complaisance with a particular pro-US policy goal, doubly so. Fundamentally, Trump believes America has tremendous amounts of val…

> Capping H1B is classic Trump and threatening to cap it based on complaisance with a particular pro-US policy goal, doubly so.

I get this. But what Trump fails to grasp is that our own ecosystem in the US relies heavily on sucking MIT, Harvard, Stanford level people from other countries. Stopping that is a boon for other countries who not only have their own smart people starting companies locally but also have fewer American companies competing in general since America hemorrhaged that innovation ecosystem.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#52

Post by sadris »

addicted wrote: post #46
jimmaswell wrote: post #39

Earlier quoted context omitted.

It would be a good thing in the long term. Too many programming jobs are taken up by things like this, especially jobs for fresh college grads. I wouldn't mind harsh limitations on all software offshoring/worker importing in general.

Right, because college grads in STEM fields are just really struggling to get good high paying jobs right now.

RAND corporation found that the H1B program reduced tech worker's salary by 9%.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#53

Post by nunez »

nilsocket wrote: post #43

Master Card and Visa are failing, because we have something better in place. BHIM (Bharat Interface for Money) developed by National Payments Corporation of India. - Transferring money from one personal account to any new account (adding a beneficiary account) would take more than 4 hours. - One needs to login each and every time to transfer money. - There is a chance of forgetting password and account being locked o…

I completely believe it. I spent two months in Hyderabad. India is WAYYY ahead on the payments game.

Every business, no matter the size, accepted mobile payments (usually PayTM, but I saw support for PhonePe, Zeta and others). The US is super behind on this; very, very, very few retailers accept Square Cash, more accept PayPal, none of them accept those payments easily. Any app that does mobile banking requires KYC verification. For mobile payments, usually support soft KYC, which you can easily fake, but only lasts 180 days. For anything else online banking related, hard (in-person) KYC was required.

Every terminal supported credit/debit cards (though using international cards was a crap-shoot, and AMEX even more so) and all of them expected Chip + PIN. People were legitimately surprised when they saw that I had to sign. Some didn't even ask for the signature because they weren't used to it.

Everything in India uses SMS OTP and requires an India phone number to receive it. This was super annoying before getting a Indian SIM card, but once I did, I realized how nice of a system this was.

There were many things about the India experience that I wasn't a fan of; paying for stuff was definitely not one of htem.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#54

Post by nunez »

NTDF9 wrote: post #21
darklajid wrote: post #14

Earlier quoted context omitted.

Help me understand the first part. Why do you need a US visa (well, THAT visa - I understand a 'fly over for a meeting' visiting visa) as an outsourcing company? What I mean is: How are the outsourcing companies affected by this?

Its a business visa to allow exchange of ideas quicker, better. Imagine GE, a company with a pool of power electronics talent in the US, wants to build specialized power plants for the Indian market. They can't do it remotely from the US. They will fly their US employees to India to study the market, understand rules and constraints, design and consult local Indian teams. The US employees need to stay there for years…

Then why doesn't India restrict inflow of US citizens in return?

Re: US tells India it is mulling caps on H1Bs to deter data rules

#55

Post by sumanthvepa »

kamaal wrote: post #40
a-ve wrote: post #36

Earlier quoted context omitted.

Considering IT hubs like Bangalore[1] and Chennai[2] are running out of water, most prefer emigration. [1] https://www.news18.com/news/india/on-verge-of-acute-water-cr... [2] https://www.livemint.com/industry/infotech/work-from-home-re...

They are not going to run out of water. I was born and raised in Bangalore, Have been in places around Bangalore all life. And water struggles have been forever. Bangalore has water infrastructure problems, not water shortages. We will fix them in time, like we always have.

I have to agree. The problem is not rainfall. There is plenty of water. Indeed it is expected that global warming will result in greater rainfall not less. The problem is infrastructure. That is a matter of time and money. It will get solved.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#56

Post by jimmaswell »

addicted wrote: post #46
jimmaswell wrote: post #39

Earlier quoted context omitted.

It would be a good thing in the long term. Too many programming jobs are taken up by things like this, especially jobs for fresh college grads. I wouldn't mind harsh limitations on all software offshoring/worker importing in general.

Right, because college grads in STEM fields are just really struggling to get good high paying jobs right now.

Took me a while to get an offer out of college even with an internship of experience, years of volunteer coding contributions, etc. And got some absurd offers in the range of 30k before finding a real one.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#57

Post by sumanthvepa »

9nGQluzmnq3M wrote: post #15
NTDF9 wrote: post #12

Earlier quoted context omitted.

Yes and no. Yes, because it directly affects the business of large outsourcing companies. It also drops remittances, one of the largest sources of dollars for India. No, because for many decades, India has been trying to keep their smartest citizens to build their own country. Making local companies, serving at local hospitals, teaching at local schools and universities. They want their own Google, Microsoft, Sun Mic…

Putting arbitrary caps on visas isn't a great way to do this though. A lot of startups in India are founded & staffed by Indian folks who got their experience, capital and connections working in the US.

True, any barriers to trade are bad for both parties. India will suffer more from this. And the Indian government almost certainly would not want those caps. But it is a misconception to assume that successful Indian startups were founded by folks who got their experience in business in the US. Indeed the most successful Indian business founders are entirely home grown: (See Infosys, Tata, Flipkart -- sold to Walmart now). I say this despite being one of these who got their experience working the US on an h1b, and then came back to India to start a business. The experience abroad was useful. It certainly broadened my horizons. But frankly, I don't think it made a whole lot of difference to my becoming an entrepreneur in India.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#58

Post by adityasaky »

nilsocket wrote: post #43

Master Card and Visa are failing, because we have something better in place. BHIM (Bharat Interface for Money) developed by National Payments Corporation of India. - Transferring money from one personal account to any new account (adding a beneficiary account) would take more than 4 hours. - One needs to login each and every time to transfer money. - There is a chance of forgetting password and account being locked o…

Just to add on:

NPCI is a not-for-profit organization which is a consortium of banks and is promoted by the Reserve Bank of India. And these guys absolutely kill it. I moved from India to the US last year and payments are overall so much more complicated here. I have to download a third party app and even my bank, at least as far as I can tell, doesn't have a straightforward mechanism to transfer money to other people without using Zelle.

NPCI came up with IMPS, which is also what UPI is partially built upon I think. IMPS worked for basically every bank and you could transfer to every other bank instantly, usually via that bank's app or website. UPI almost took it to an IM-ing money level.

Re: US tells India it is mulling caps on H1Bs to deter data rules

#59

Post by kelnos »

jimmaswell wrote: post #39
bigbigs wrote: post #25

lol. If you don't change your data rules, we'll shoot ourselves in the foot by removing the cheap labor that we've become addicted to.

It would be a good thing in the long term. Too many programming jobs are taken up by things like this, especially jobs for fresh college grads. I wouldn't mind harsh limitations on all software offshoring/worker importing in general.

There are no (talented) fresh college grads who are having trouble finding programming jobs. The whole "they took our jobs" fallacy is just that: a fallacy.
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